BXC vs HLMN: Correlation
Bluelinx Holdings Inc. (BXC) and Hillman Solutions Corp. (HLMN) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and HLMN?
Across a 3-year window, the weekly returns of BXC and HLMN correlate at 0.66, strong. Lately the two have moved closer together, with the 1-year correlation at 0.80 versus 0.66 over 3 years. Stretching to 5 years gives 0.50, with an annualized covariance of 1518.7 %².
Among the 33 assets we track against BXC, HLMN ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BXC ahead by 18.7 points (-2.6% versus -21.3%). Risk is not evenly split, since BXC carries 1.7 times the volatility of the other side.
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 HLMN: side by side
| BXC (Bluelinx Holdings Inc.) | HLMN (Hillman Solutions Corp.) | |
|---|---|---|
| 1-year return | -2.6% | -21.3% |
| 5-year return | +33.6% | -33.4% |
| Volatility (ann.) | 62.7% | 36.7% |
| Beta vs S&P 500 | 1.54 | 1.01 |
| Max drawdown (3Y) | -65.6% | -42.3% |
| Market cap | $0.6B | $1.5B |
| P/E (trailing) | – | 39.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | HLMN |
|---|---|---|
| 2022 | -25.7% | -32.9% |
| 2023 | +59.3% | +27.7% |
| 2024 | -9.8% | +5.8% |
| 2025 | -39.9% | -11.1% |
| 2026 | +29.8% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and HLMN good diversifiers for each other?
To a limited degree. At 0.66 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 BXC and HLMN?
The BXC/HLMN correlation stands at 0.66 on a 3-year window (1 year: 0.80, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is HLMN a good diversifier for BXC?
To a limited degree. At 0.66 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 0.66 mean?
A reading of 0.66 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-hlmn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bxc-vs-hlmn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BXC correlations · HLMN correlations
