BXC vs PKOH: Correlation
Bluelinx Holdings Inc. (BXC) and Park-Ohio Holdings Corp. (PKOH) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and PKOH?
Across a 3-year window, the weekly returns of BXC and PKOH correlate at 0.63, strong. Lately the two have moved closer together, with the 1-year correlation at 0.77 versus 0.63 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 1728.4 %².
Among the 33 assets we track against BXC, PKOH ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PKOH outperformed by 148.6 percentage points (-2.6% for BXC against +146.0% for PKOH).
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 PKOH: side by side
| BXC (Bluelinx Holdings Inc.) | PKOH (Park-Ohio Holdings Corp.) | |
|---|---|---|
| 1-year return | -2.6% | +146.0% |
| 5-year return | +33.6% | +101.4% |
| Volatility (ann.) | 62.7% | 43.9% |
| Beta vs S&P 500 | 1.54 | 1.33 |
| Max drawdown (3Y) | -65.6% | -52.5% |
| Market cap | $0.6B | $0.7B |
| P/E (trailing) | – | 24.6 |
| Dividend yield | 0.00% | 1.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | PKOH |
|---|---|---|
| 2022 | -25.7% | -40.3% |
| 2023 | +59.3% | +127.1% |
| 2024 | -9.8% | -0.8% |
| 2025 | -39.9% | -18.3% |
| 2026 | +29.8% | +129.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and PKOH good diversifiers for each other?
Only partially. A correlation of 0.63 means BXC and PKOH 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 PKOH?
The BXC/PKOH correlation stands at 0.63 on a 3-year window (1 year: 0.77, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is PKOH a good diversifier for BXC?
Only partially. A correlation of 0.63 means BXC and PKOH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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-pkoh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bxc-vs-pkoh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BXC correlations · PKOH correlations
