BXC vs HBB: Correlation
Bluelinx Holdings Inc. (BXC) and Hamilton Beach Brands Holding Company (HBB) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and HBB?
Over the past 3 years, BXC and HBB moved with a correlation of 0.46, which is moderate. The past 12 months show a tighter link (0.75) than the 3-year average (0.46). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 1588.1 %².
Within BXC's tracked universe of 33 assets, HBB comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HBB outperformed by 134.1 percentage points (-2.6% for BXC against +131.5% for HBB).
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 HBB: side by side
| BXC (Bluelinx Holdings Inc.) | HBB (Hamilton Beach Brands Holding Company) | |
|---|---|---|
| 1-year return | -2.6% | +131.5% |
| 5-year return | +33.6% | +119.7% |
| Volatility (ann.) | 62.7% | 55.5% |
| Beta vs S&P 500 | 1.54 | 0.87 |
| Max drawdown (3Y) | -65.6% | -57.7% |
| Market cap | $0.6B | $0.4B |
| P/E (trailing) | – | 7.6 |
| Dividend yield | 0.00% | 1.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | HBB |
|---|---|---|
| 2022 | -25.7% | -10.9% |
| 2023 | +59.3% | +46.4% |
| 2024 | -9.8% | -1.6% |
| 2025 | -39.9% | +0.5% |
| 2026 | +29.8% | +99.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and HBB good diversifiers for each other?
Reasonably. At 0.46, BXC and HBB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BXC and HBB?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.75 over the last year and 0.42 over 5 years.
Is HBB a good diversifier for BXC?
Reasonably. At 0.46, BXC and HBB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/bxc-vs-hbb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bxc-vs-hbb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BXC correlations · HBB correlations
