BXC vs PLPC: Correlation
How closely do Bluelinx Holdings Inc. (BXC) and Preformed Line Products Company (PLPC) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and PLPC?
Across a 3-year window, the weekly returns of BXC and PLPC correlate at 0.52, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.52 over 3 years. Stretching to 5 years gives 0.39, with an annualized covariance of 1368.7 %².
Within BXC's tracked universe of 33 assets, PLPC comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PLPC ahead by 124.0 points (-2.6% versus +121.4%).
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 PLPC: side by side
| BXC (Bluelinx Holdings Inc.) | PLPC (Preformed Line Products Company) | |
|---|---|---|
| 1-year return | -2.6% | +121.4% |
| 5-year return | +33.6% | +514.6% |
| Volatility (ann.) | 62.7% | 42.3% |
| Beta vs S&P 500 | 1.54 | 0.76 |
| Max drawdown (3Y) | -65.6% | -38.5% |
| Market cap | $0.6B | $2.1B |
| P/E (trailing) | – | 46.4 |
| Dividend yield | 0.00% | 0.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | PLPC |
|---|---|---|
| 2022 | -25.7% | +29.9% |
| 2023 | +59.3% | +61.8% |
| 2024 | -9.8% | -3.9% |
| 2025 | -39.9% | +62.6% |
| 2026 | +29.8% | +104.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and PLPC good diversifiers for each other?
Only partially. A correlation of 0.52 means BXC and PLPC 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 PLPC?
The BXC/PLPC correlation stands at 0.52 on a 3-year window (1 year: 0.63, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is PLPC a good diversifier for BXC?
Only partially. A correlation of 0.52 means BXC and PLPC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bxc-vs-plpc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bxc-vs-plpc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BXC correlations · PLPC correlations
