BXC vs III: Correlation
Measured on weekly returns over the past three years, Bluelinx Holdings Inc. (BXC) and Information Services Group, Inc. (III) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and III?
On 3 years of weekly data the BXC/III correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.52 over 3. The 5-year figure is 0.45, and annualized covariance runs at 1263.8 %².
By 3-year correlation, III places #18 of the 33 assets tracked against BXC. On 12-month performance III holds a 8.2-point edge, -2.6% against +5.6%. Risk is not evenly split, since BXC carries 1.6 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 III: side by side
| BXC (Bluelinx Holdings Inc.) | III (Information Services Group, Inc.) | |
|---|---|---|
| 1-year return | -2.6% | +5.6% |
| 5-year return | +33.6% | -14.6% |
| Volatility (ann.) | 62.7% | 38.4% |
| Beta vs S&P 500 | 1.54 | 0.99 |
| Max drawdown (3Y) | -65.6% | -41.5% |
| Market cap | $0.6B | $0.2B |
| P/E (trailing) | – | 21.0 |
| Dividend yield | 0.00% | 3.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | III |
|---|---|---|
| 2022 | -25.7% | -38.1% |
| 2023 | +59.3% | +6.2% |
| 2024 | -9.8% | -25.3% |
| 2025 | -39.9% | +79.8% |
| 2026 | +29.8% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and III good diversifiers for each other?
Only partially. A correlation of 0.52 means BXC and III share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BXC and III?
As of 2026-08-27, the correlation of weekly returns between BXC and III is 0.52 over 3 years, 0.59 over 1 year and 0.45 over 5 years.
Is III a good diversifier for BXC?
Only partially. A correlation of 0.52 means BXC and III share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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.
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Related comparisons
Hubs: BXC correlations · III correlations
