BXC vs OABI: Correlation
Measured on weekly returns over the past three years, Bluelinx Holdings Inc. (BXC) and OmniAb, Inc. (OABI) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and OABI?
Over the past 3 years, BXC and OABI moved with a correlation of 0.46, which is moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 1933.0 %².
By 3-year correlation, OABI places #26 of the 33 assets tracked against BXC. Correlation aside, the last 12 months split them widely, with OABI ahead by 188.9 points (-2.6% versus +186.3%).
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 OABI: side by side
| BXC (Bluelinx Holdings Inc.) | OABI (OmniAb, Inc.) | |
|---|---|---|
| 1-year return | -2.6% | +186.3% |
| 5-year return | +33.6% | -52.8% |
| Volatility (ann.) | 62.7% | 67.6% |
| Beta vs S&P 500 | 1.54 | 1.30 |
| Max drawdown (3Y) | -65.6% | -81.3% |
| Market cap | $0.6B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | OABI |
|---|---|---|
| 2022 | -25.7% | -64.0% |
| 2023 | +59.3% | +71.4% |
| 2024 | -9.8% | -42.6% |
| 2025 | -39.9% | -47.7% |
| 2026 | +29.8% | +149.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and OABI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BXC and OABI?
The BXC/OABI correlation stands at 0.46 on a 3-year window (1 year: 0.47, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is OABI a good diversifier for BXC?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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-oabi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bxc-vs-oabi/)
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Related comparisons
Hubs: BXC correlations · OABI correlations
