BCC vs BXC: Correlation
Measured on weekly returns over the past three years, Boise Cascade, L.L.C. (BCC) and Bluelinx Holdings Inc. (BXC) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCC and BXC?
Over the past 3 years, BCC and BXC moved with a correlation of 0.78, which is strong. Recent behaviour matches the longer record: 0.76 over 1 year against 0.78 over 3. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 1780.2 %².
BXC is one of the assets that tracks BCC most closely: it ranks #3 out of the 24 assets we track against BCC. The trailing year gives BXC the advantage: -9.5% versus -2.6%, a 6.9-point spread. Note the risk asymmetry: BXC runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BCC vs BXC: side by side
| BCC (Boise Cascade, L.L.C.) | BXC (Bluelinx Holdings Inc.) | |
|---|---|---|
| 1-year return | -9.5% | -2.6% |
| 5-year return | +71.4% | +33.6% |
| Volatility (ann.) | 36.4% | 62.7% |
| Beta vs S&P 500 | 0.99 | 1.54 |
| Max drawdown (3Y) | -56.5% | -65.6% |
| Market cap | $2.7B | $0.6B |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 1.10% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCC | BXC |
|---|---|---|
| 2022 | +1.5% | -25.7% |
| 2023 | +106.6% | +59.3% |
| 2024 | -4.0% | -9.8% |
| 2025 | -37.5% | -39.9% |
| 2026 | +7.7% | +29.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCC and BXC good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BCC and BXC?
As of 2026-08-27, the correlation of weekly returns between BCC and BXC is 0.78 over 3 years, 0.76 over 1 year and 0.72 over 5 years.
Is BXC a good diversifier for BCC?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcc-vs-bxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcc-vs-bxc/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: BCC correlations · BXC correlations
