ALB vs FCX: Correlation
Albemarle Corporation (ALB) and Freeport-McMoRan (FCX) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and FCX?
Over the past 3 years, ALB and FCX moved with a correlation of 0.47, which is moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.47). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 1089.9 %².
By 3-year correlation, FCX places #16 of the 36 assets tracked against ALB. Their recent paths diverged sharply: over the last 12 months FCX outperformed by 23.8 percentage points (+56.9% for ALB against +80.7% for FCX). Across three years, the rolling one-year figure varied moderately, from 0.28 to 0.65.
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 FCX: side by side
| ALB (Albemarle Corporation) | FCX (Freeport-McMoRan) | |
|---|---|---|
| 1-year return | +56.9% | +80.7% |
| 5-year return | -39.2% | +129.3% |
| Volatility (ann.) | 54.3% | 43.2% |
| Beta vs S&P 500 | 1.62 | 1.55 |
| Max drawdown (3Y) | -74.1% | -46.3% |
| Market cap | $16.0B | $112.6B |
| P/E (trailing) | 502.9 | 38.8 |
| Dividend yield | 1.20% | 0.76% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | ALB | FCX |
|---|---|---|
| 2022 | -6.6% | -7.3% |
| 2023 | -32.8% | +13.7% |
| 2024 | -39.5% | -9.4% |
| 2025 | +67.7% | +35.4% |
| 2026 | -3.5% | +55.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and FCX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALB and FCX?
The ALB/FCX correlation stands at 0.47 on a 3-year window (1 year: 0.35, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is FCX a good diversifier for ALB?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/alb-vs-fcx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alb-vs-fcx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALB correlations · FCX correlations
