BXC vs GFF: Correlation
Measured on weekly returns over the past three years, Bluelinx Holdings Inc. (BXC) and Griffon Corporation (GFF) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and GFF?
Over the past 3 years, BXC and GFF moved with a correlation of 0.73, which is strong. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 1780.0 %².
GFF is one of the assets that tracks BXC most closely: it ranks #2 out of the 33 assets we track against BXC. The last year tells two different stories: GFF led by 31.0 percentage points, -2.6% for BXC against +28.4% for GFF. Note the risk asymmetry: BXC runs 1.6 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.
BXC vs GFF: side by side
| BXC (Bluelinx Holdings Inc.) | GFF (Griffon Corporation) | |
|---|---|---|
| 1-year return | -2.6% | +28.4% |
| 5-year return | +33.6% | +396.8% |
| Volatility (ann.) | 62.7% | 38.7% |
| Beta vs S&P 500 | 1.54 | 1.14 |
| Max drawdown (3Y) | -65.6% | -27.9% |
| Market cap | $0.6B | $4.5B |
| P/E (trailing) | – | 21.1 |
| Dividend yield | 0.00% | 0.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | GFF |
|---|---|---|
| 2022 | -25.7% | +36.9% |
| 2023 | +59.3% | +84.0% |
| 2024 | -9.8% | +18.0% |
| 2025 | -39.9% | +4.4% |
| 2026 | +29.8% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and GFF good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BXC and GFF?
As of 2026-08-27, the correlation of weekly returns between BXC and GFF is 0.73 over 3 years, 0.82 over 1 year and 0.66 over 5 years.
Is GFF a good diversifier for BXC?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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/bxc-vs-gff.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bxc-vs-gff/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BXC correlations · GFF correlations
