BXC vs RCEL: Correlation
Bluelinx Holdings Inc. (BXC) and Avita Medical, Inc. (RCEL) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXC and RCEL?
Across a 3-year window, the weekly returns of BXC and RCEL correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 2771.3 %².
By 3-year correlation, RCEL places #22 of the 33 assets tracked against BXC. The last year tells two different stories: RCEL led by 130.4 percentage points, -2.6% for BXC against +127.8% for RCEL.
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 RCEL: side by side
| BXC (Bluelinx Holdings Inc.) | RCEL (Avita Medical, Inc.) | |
|---|---|---|
| 1-year return | -2.6% | +127.8% |
| 5-year return | +33.6% | -48.7% |
| Volatility (ann.) | 62.7% | 91.0% |
| Beta vs S&P 500 | 1.54 | 2.01 |
| Max drawdown (3Y) | -65.6% | -82.1% |
| Market cap | $0.6B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BXC | RCEL |
|---|---|---|
| 2022 | -25.7% | -44.9% |
| 2023 | +59.3% | +107.9% |
| 2024 | -9.8% | -6.7% |
| 2025 | -39.9% | -73.0% |
| 2026 | +29.8% | +199.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXC and RCEL good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BXC and RCEL?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.54 over the last year and 0.37 over 5 years.
Is RCEL a good diversifier for BXC?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-rcel.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bxc-vs-rcel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BXC correlations · RCEL correlations
