AXTA vs IFF: Correlation
Measured on weekly returns over the past three years, Axalta Coating Systems Ltd. (AXTA) and International Flavors & Fragrances (IFF) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXTA and IFF?
Across a 3-year window, the weekly returns of AXTA and IFF correlate at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 445.2 %².
Within AXTA's tracked universe of 17 assets, IFF comes in at #9 by 3-year correlation. The last year tells two different stories: IFF led by 16.6 percentage points, +16.6% for AXTA against +33.2% for IFF.
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.
AXTA vs IFF: side by side
| AXTA (Axalta Coating Systems Ltd.) | IFF (International Flavors & Fragrances) | |
|---|---|---|
| 1-year return | +16.6% | +33.2% |
| 5-year return | +18.4% | -34.3% |
| Volatility (ann.) | 29.8% | 29.5% |
| Beta vs S&P 500 | 1.01 | 0.69 |
| Max drawdown (3Y) | -38.4% | -42.6% |
| Market cap | $7.9B | $22.2B |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 0.00% | 1.84% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | AXTA | IFF |
|---|---|---|
| 2022 | -23.1% | -28.3% |
| 2023 | +33.4% | -19.5% |
| 2024 | +0.7% | +6.3% |
| 2025 | -5.6% | -18.4% |
| 2026 | +13.6% | +30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXTA and IFF good diversifiers for each other?
Only partially. A correlation of 0.50 means AXTA and IFF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AXTA and IFF?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.59 over the last year and 0.54 over 5 years.
Is IFF a good diversifier for AXTA?
Only partially. A correlation of 0.50 means AXTA and IFF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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/axta-vs-iff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/axta-vs-iff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AXTA correlations · IFF correlations
