ALB vs LAR: Correlation
How closely do Albemarle Corporation (ALB) and Lithium Argentina AG (LAR) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and LAR?
On 3 years of weekly data the ALB/LAR correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.72) sits close to the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 2599.4 %².
In ALB's tracked universe of 36 assets, LAR sits right near the top at #2. The last year tells two different stories: LAR led by 57.0 percentage points, +56.9% for ALB against +113.9% for LAR.
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 LAR: side by side
| ALB (Albemarle Corporation) | LAR (Lithium Argentina AG) | |
|---|---|---|
| 1-year return | +56.9% | +113.9% |
| 5-year return | -39.2% | -12.4% |
| Volatility (ann.) | 54.3% | 67.6% |
| Beta vs S&P 500 | 1.62 | 1.61 |
| Max drawdown (3Y) | -74.1% | -79.6% |
| Market cap | $16.0B | $1.1B |
| P/E (trailing) | 502.9 | – |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | LAR |
|---|---|---|
| 2022 | -6.6% | -34.9% |
| 2023 | -32.8% | -17.2% |
| 2024 | -39.5% | -58.5% |
| 2025 | +67.7% | +113.0% |
| 2026 | -3.5% | +23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and LAR good diversifiers for each other?
To a limited degree. At 0.71 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 ALB and LAR?
As of 2026-08-27, the correlation of weekly returns between ALB and LAR is 0.71 over 3 years, 0.72 over 1 year and 0.72 over 5 years.
Is LAR a good diversifier for ALB?
To a limited degree. At 0.71 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 0.71 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-lar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alb-vs-lar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALB correlations · LAR correlations
