AVY vs MXC: Correlation
How closely do Avery Dennison (AVY) and Mexco Energy Corporation (MXC) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVY and MXC?
Over the past 3 years, AVY and MXC moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.19 over 3. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -238.4 %².
Among the 38 assets we track against AVY, MXC sits near the bottom by co-movement, at rank #34. Their recent paths diverged sharply: over the last 12 months MXC outperformed by 16.3 percentage points (+5.3% for AVY against +21.6% for MXC). One caveat on sizing: MXC is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AVY vs MXC: side by side
| AVY (Avery Dennison) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | +5.3% | +21.6% |
| 5-year return | -14.0% | +7.2% |
| Volatility (ann.) | 20.2% | 62.1% |
| Beta vs S&P 500 | 0.61 | -0.31 |
| Max drawdown (3Y) | -30.6% | -60.6% |
| Market cap | $13.5B | – |
| P/E (trailing) | 20.0 | 13.0 |
| Dividend yield | 2.10% | 1.02% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AVY | MXC |
|---|---|---|
| 2022 | -15.1% | +33.0% |
| 2023 | +13.7% | -26.2% |
| 2024 | -5.9% | +24.6% |
| 2025 | -0.7% | -10.8% |
| 2026 | -0.8% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVY and MXC good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVY and MXC?
As of 2026-08-27, the correlation of weekly returns between AVY and MXC is -0.19 over 3 years, -0.24 over 1 year and -0.08 over 5 years.
Is MXC a good diversifier for AVY?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avy-vs-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avy-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVY correlations · MXC correlations
