ALB vs LYB: Correlation
Albemarle Corporation (ALB) and LyondellBasell (LYB) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and LYB?
Across a 3-year window, the weekly returns of ALB and LYB correlate at 0.29, weak. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.29 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 527.2 %².
By 3-year correlation, LYB places #26 of the 36 assets tracked against ALB. Correlation aside, the last 12 months split them widely, with ALB ahead by 37.8 points (+56.9% versus +19.1%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.07 to 0.58. Note the risk asymmetry: ALB runs 1.6 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 LYB: side by side
| ALB (Albemarle Corporation) | LYB (LyondellBasell) | |
|---|---|---|
| 1-year return | +56.9% | +19.1% |
| 5-year return | -39.2% | -12.8% |
| Volatility (ann.) | 54.3% | 33.7% |
| Beta vs S&P 500 | 1.62 | 0.42 |
| Max drawdown (3Y) | -74.1% | -55.4% |
| Market cap | $16.0B | $20.4B |
| P/E (trailing) | 502.9 | – |
| Dividend yield | 1.20% | 6.58% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | ALB | LYB |
|---|---|---|
| 2022 | -6.6% | -1.0% |
| 2023 | -32.8% | +20.7% |
| 2024 | -39.5% | -17.4% |
| 2025 | +67.7% | -36.0% |
| 2026 | -3.5% | +50.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and LYB good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALB and LYB?
As of 2026-08-27, the correlation of weekly returns between ALB and LYB is 0.29 over 3 years, 0.09 over 1 year and 0.37 over 5 years.
Is LYB a good diversifier for ALB?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/alb-vs-lyb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alb-vs-lyb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALB correlations · LYB correlations
