BXC vs FRD: Correlation
How closely do Bluelinx Holdings Inc. (BXC) and Friedman Industries Inc. (FRD) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and FRD?
Over the past 3 years, BXC and FRD moved with a correlation of 0.47, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 1465.4 %².
Within BXC's tracked universe of 33 assets, FRD comes in at #24 by 3-year correlation. The last year tells two different stories: FRD led by 140.4 percentage points, -2.6% for BXC against +137.8% for FRD.
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.
BXC vs FRD: side by side
| BXC (Bluelinx Holdings Inc.) | FRD (Friedman Industries Inc.) | |
|---|---|---|
| 1-year return | -2.6% | +137.8% |
| 5-year return | +33.6% | +282.9% |
| Volatility (ann.) | 62.7% | 50.1% |
| Beta vs S&P 500 | 1.54 | 1.10 |
| Max drawdown (3Y) | -65.6% | -34.6% |
| Market cap | $0.6B | $0.3B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | 0.00% | 0.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | FRD |
|---|---|---|
| 2022 | -25.7% | +5.3% |
| 2023 | +59.3% | +59.0% |
| 2024 | -9.8% | -0.3% |
| 2025 | -39.9% | +35.3% |
| 2026 | +29.8% | +120.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and FRD good diversifiers for each other?
Reasonably. At 0.47, BXC and FRD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BXC and FRD?
As of 2026-08-27, the correlation of weekly returns between BXC and FRD is 0.47 over 3 years, 0.50 over 1 year and 0.33 over 5 years.
Is FRD a good diversifier for BXC?
Reasonably. At 0.47, BXC and FRD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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
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Related comparisons
Hubs: BXC correlations · FRD correlations
