BXC vs NSYS: Correlation
Bluelinx Holdings Inc. (BXC) and Nortech Systems Incorporated (NSYS) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and NSYS?
Over the past 3 years, BXC and NSYS moved with a correlation of 0.32, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.32 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 1065.1 %².
NSYS is close to the least connected end of BXC's tracked universe, ranking #29 of 33. Their recent paths diverged sharply: over the last 12 months NSYS outperformed by 39.2 percentage points (-2.6% for BXC against +36.6% for NSYS).
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 NSYS: side by side
| BXC (Bluelinx Holdings Inc.) | NSYS (Nortech Systems Incorporated) | |
|---|---|---|
| 1-year return | -2.6% | +36.6% |
| 5-year return | +33.6% | -4.7% |
| Volatility (ann.) | 62.7% | 52.5% |
| Beta vs S&P 500 | 1.54 | 0.23 |
| Max drawdown (3Y) | -65.6% | -62.0% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | 34.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | NSYS |
|---|---|---|
| 2022 | -25.7% | +18.4% |
| 2023 | +59.3% | -23.1% |
| 2024 | -9.8% | +9.2% |
| 2025 | -39.9% | -27.8% |
| 2026 | +29.8% | +65.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and NSYS good diversifiers for each other?
Reasonably. At 0.32, BXC and NSYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BXC and NSYS?
The BXC/NSYS correlation stands at 0.32 on a 3-year window (1 year: 0.40, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is NSYS a good diversifier for BXC?
Reasonably. At 0.32, BXC and NSYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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-nsys.json
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Related comparisons
Hubs: BXC correlations · NSYS correlations
