BCC vs NX: Correlation
Boise Cascade, L.L.C. (BCC) and Quanex Building Products Corporation (NX) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCC and NX?
Over the past 3 years, BCC and NX moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1064.3 %².
Within BCC's tracked universe of 24 assets, NX comes in at #14 by 3-year correlation. Twelve-month performance is nearly a tie, at -9.5% for BCC and -8.4% for NX.
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 NX: side by side
| BCC (Boise Cascade, L.L.C.) | NX (Quanex Building Products Corporation) | |
|---|---|---|
| 1-year return | -9.5% | -8.4% |
| 5-year return | +71.4% | -10.0% |
| Volatility (ann.) | 36.4% | 49.4% |
| Beta vs S&P 500 | 0.99 | 1.11 |
| Max drawdown (3Y) | -56.5% | -70.4% |
| Market cap | $2.7B | $0.9B |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 1.10% | 1.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCC | NX |
|---|---|---|
| 2022 | +1.5% | -3.1% |
| 2023 | +106.6% | +30.7% |
| 2024 | -4.0% | -19.9% |
| 2025 | -37.5% | -35.4% |
| 2026 | +7.7% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCC and NX good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BCC and NX?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.64 over the last year and 0.57 over 5 years.
Is NX a good diversifier for BCC?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcc-vs-nx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcc-vs-nx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCC correlations · NX correlations
