ALB vs BCX: Correlation
Albemarle Corporation (ALB) and BlackRock Resources (BCX) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and BCX?
Over the past 3 years, ALB and BCX moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 548.7 %².
Among the 36 assets we track against ALB, BCX ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALB outperformed by 15.4 percentage points (+56.9% for ALB against +41.5% for BCX). Note the risk asymmetry: ALB runs 2.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ALB vs BCX: side by side
| ALB (Albemarle Corporation) | BCX (BlackRock Resources) | |
|---|---|---|
| 1-year return | +56.9% | +41.5% |
| 5-year return | -39.2% | +98.3% |
| Volatility (ann.) | 54.3% | 20.0% |
| Beta vs S&P 500 | 1.62 | 0.56 |
| Max drawdown (3Y) | -74.1% | -18.8% |
| Market cap | $16.0B | $1.0B |
| P/E (trailing) | 502.9 | 4.7 |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | BCX |
|---|---|---|
| 2022 | -6.6% | +12.8% |
| 2023 | -32.8% | -4.8% |
| 2024 | -39.5% | +3.2% |
| 2025 | +67.7% | +40.4% |
| 2026 | -3.5% | +24.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and BCX good diversifiers for each other?
Only partially. A correlation of 0.50 means ALB and BCX 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 ALB and BCX?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.48 over the last year and 0.50 over 5 years.
Is BCX a good diversifier for ALB?
Only partially. A correlation of 0.50 means ALB and BCX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALB correlations · BCX correlations
