BXC vs MTW: Correlation
How closely do Bluelinx Holdings Inc. (BXC) and Manitowoc Company, Inc. (The) (MTW) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and MTW?
On 3 years of weekly data the BXC/MTW correlation comes out at 0.64, strong. The past 12 months show a tighter link (0.78) than the 3-year average (0.64). The 5-year figure is 0.51, and annualized covariance runs at 2152.0 %².
By 3-year correlation, MTW places #8 of the 33 assets tracked against BXC. Correlation aside, the last 12 months split them widely, with MTW ahead by 90.6 points (-2.6% versus +88.0%).
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 MTW: side by side
| BXC (Bluelinx Holdings Inc.) | MTW (Manitowoc Company, Inc. (The)) | |
|---|---|---|
| 1-year return | -2.6% | +88.0% |
| 5-year return | +33.6% | -22.9% |
| Volatility (ann.) | 62.7% | 53.7% |
| Beta vs S&P 500 | 1.54 | 1.63 |
| Max drawdown (3Y) | -65.6% | -58.5% |
| Market cap | $0.6B | $0.7B |
| P/E (trailing) | – | 34.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | MTW |
|---|---|---|
| 2022 | -25.7% | -50.7% |
| 2023 | +59.3% | +82.2% |
| 2024 | -9.8% | -45.3% |
| 2025 | -39.9% | +31.3% |
| 2026 | +29.8% | +58.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and MTW good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BXC and MTW?
As of 2026-08-27, the correlation of weekly returns between BXC and MTW is 0.64 over 3 years, 0.78 over 1 year and 0.51 over 5 years.
Is MTW a good diversifier for BXC?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bxc-vs-mtw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bxc-vs-mtw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BXC correlations · MTW correlations
