BXC vs IBTA: Correlation
How closely do Bluelinx Holdings Inc. (BXC) and Ibotta, Inc. (IBTA) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and IBTA?
Across a 3-year window, the weekly returns of BXC and IBTA correlate at 0.49, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.49). Stretching to 5 years gives n/a, with an annualized covariance of 2581.4 %².
Among the 33 assets we track against BXC, IBTA ranks #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IBTA ahead by 44.9 points (-2.6% versus +42.3%).
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 IBTA: side by side
| BXC (Bluelinx Holdings Inc.) | IBTA (Ibotta, Inc.) | |
|---|---|---|
| 1-year return | -2.6% | +42.3% |
| 5-year return | +33.6% | n/a |
| Volatility (ann.) | 62.7% | 79.0% |
| Beta vs S&P 500 | 1.54 | 1.45 |
| Max drawdown (3Y) | -65.6% | -82.5% |
| Market cap | $0.6B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | IBTA |
|---|---|---|
| 2022 | -25.7% | – |
| 2023 | +59.3% | – |
| 2024 | -9.8% | – |
| 2025 | -39.9% | -65.1% |
| 2026 | +29.8% | +60.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and IBTA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BXC and IBTA?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.63 over the last year and n/a over 5 years.
Is IBTA a good diversifier for BXC?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bxc-vs-ibta.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bxc-vs-ibta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BXC correlations · IBTA correlations
