BXC vs NX: Correlation
Measured on weekly returns over the past three years, Bluelinx Holdings Inc. (BXC) and Quanex Building Products Corporation (NX) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and NX?
Across a 3-year window, the weekly returns of BXC and NX correlate at 0.61, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 1898.0 %².
Among the 33 assets we track against BXC, NX ranks #11 by 3-year correlation. Over the last 12 months BXC came out ahead by 5.8 percentage points (-2.6% against -8.4%).
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 NX: side by side
| BXC (Bluelinx Holdings Inc.) | NX (Quanex Building Products Corporation) | |
|---|---|---|
| 1-year return | -2.6% | -8.4% |
| 5-year return | +33.6% | -10.0% |
| Volatility (ann.) | 62.7% | 49.4% |
| Beta vs S&P 500 | 1.54 | 1.11 |
| Max drawdown (3Y) | -65.6% | -70.4% |
| Market cap | $0.6B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | NX |
|---|---|---|
| 2022 | -25.7% | -3.1% |
| 2023 | +59.3% | +30.7% |
| 2024 | -9.8% | -19.9% |
| 2025 | -39.9% | -35.4% |
| 2026 | +29.8% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and NX good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BXC and NX?
The BXC/NX correlation stands at 0.61 on a 3-year window (1 year: 0.64, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is NX a good diversifier for BXC?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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-nx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bxc-vs-nx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BXC correlations · NX correlations
