ALB vs FUND: Correlation
How closely do Albemarle Corporation (ALB) and Sprott Focus Trust, Inc. - Closed End Fund (FUND) 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 ALB and FUND?
Over the past 3 years, ALB and FUND moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 497.4 %².
Among the 36 assets we track against ALB, FUND ranks #10 by 3-year correlation. The last year tells two different stories: ALB led by 17.8 percentage points, +56.9% for ALB against +39.1% for FUND. One caveat on sizing: ALB is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 FUND: side by side
| ALB (Albemarle Corporation) | FUND (Sprott Focus Trust, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | +56.9% | +39.1% |
| 5-year return | -39.2% | +83.0% |
| Volatility (ann.) | 54.3% | 17.9% |
| Beta vs S&P 500 | 1.62 | 0.77 |
| Max drawdown (3Y) | -74.1% | -18.2% |
| Market cap | $16.0B | $0.3B |
| P/E (trailing) | 502.9 | 5.8 |
| Dividend yield | 1.20% | 5.36% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | FUND |
|---|---|---|
| 2022 | -6.6% | -1.2% |
| 2023 | -32.8% | +6.9% |
| 2024 | -39.5% | -1.0% |
| 2025 | +67.7% | +27.5% |
| 2026 | -3.5% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and FUND good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALB and FUND?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.47 over the last year and 0.54 over 5 years.
Is FUND a good diversifier for ALB?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alb-vs-fund.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alb-vs-fund/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALB correlations · FUND correlations
