DNOW vs SXC: Correlation
How closely do DNOW Inc. (DNOW) and SunCoke Energy, Inc. (SXC) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNOW and SXC?
On 3 years of weekly data the DNOW/SXC correlation comes out at 0.51, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.51 over 3 years. The 5-year figure is 0.46, and annualized covariance runs at 897.0 %².
Within DNOW's tracked universe of 10 assets, SXC comes in at #5 by 3-year correlation. The last year tells two different stories: SXC led by 43.8 percentage points, +2.1% for DNOW against +45.9% for SXC.
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.
DNOW vs SXC: side by side
| DNOW (DNOW Inc.) | SXC (SunCoke Energy, Inc.) | |
|---|---|---|
| 1-year return | +2.1% | +45.9% |
| 5-year return | +111.4% | +84.8% |
| Volatility (ann.) | 43.7% | 40.5% |
| Beta vs S&P 500 | 0.83 | 0.74 |
| Max drawdown (3Y) | -36.8% | -52.0% |
| Market cap | $2.9B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNOW | SXC |
|---|---|---|
| 2022 | +48.7% | +35.9% |
| 2023 | -10.9% | +29.8% |
| 2024 | +14.9% | +4.0% |
| 2025 | +1.8% | -28.6% |
| 2026 | +22.9% | +49.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNOW and SXC good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DNOW and SXC?
As of 2026-08-27, the correlation of weekly returns between DNOW and SXC is 0.51 over 3 years, 0.63 over 1 year and 0.46 over 5 years.
Is SXC a good diversifier for DNOW?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/dnow-vs-sxc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dnow-vs-sxc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DNOW correlations · SXC correlations
