BXC vs MTRN: Correlation
Bluelinx Holdings Inc. (BXC) and Materion Corporation (MTRN) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and MTRN?
Over the past 3 years, BXC and MTRN moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 1854.9 %².
Within BXC's tracked universe of 33 assets, MTRN comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MTRN ahead by 126.2 points (-2.6% versus +123.6%).
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 MTRN: side by side
| BXC (Bluelinx Holdings Inc.) | MTRN (Materion Corporation) | |
|---|---|---|
| 1-year return | -2.6% | +123.6% |
| 5-year return | +33.6% | +248.3% |
| Volatility (ann.) | 62.7% | 45.7% |
| Beta vs S&P 500 | 1.54 | 1.51 |
| Max drawdown (3Y) | -65.6% | -47.8% |
| Market cap | $0.6B | $5.1B |
| P/E (trailing) | – | 54.9 |
| Dividend yield | 0.00% | 0.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | MTRN |
|---|---|---|
| 2022 | -25.7% | -4.3% |
| 2023 | +59.3% | +49.4% |
| 2024 | -9.8% | -23.7% |
| 2025 | -39.9% | +26.4% |
| 2026 | +29.8% | +98.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and MTRN good diversifiers for each other?
Only partially. A correlation of 0.65 means BXC and MTRN 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 MTRN?
The BXC/MTRN correlation stands at 0.65 on a 3-year window (1 year: 0.72, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is MTRN a good diversifier for BXC?
Only partially. A correlation of 0.65 means BXC and MTRN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
A reading of 0.65 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-mtrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bxc-vs-mtrn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BXC correlations · MTRN correlations
