ALB vs SGML: Correlation
How closely do Albemarle Corporation (ALB) and Sigma Lithium Corporation (SGML) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and SGML?
Over the past 3 years, ALB and SGML moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 3155.9 %².
In ALB's tracked universe of 36 assets, SGML sits right near the top at #3. The last year tells two different stories: SGML led by 31.0 percentage points, +56.9% for ALB against +87.9% for SGML. One caveat on sizing: SGML is 1.8 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 SGML: side by side
| ALB (Albemarle Corporation) | SGML (Sigma Lithium Corporation) | |
|---|---|---|
| 1-year return | +56.9% | +87.9% |
| 5-year return | -39.2% | +69.8% |
| Volatility (ann.) | 54.3% | 97.8% |
| Beta vs S&P 500 | 1.62 | 1.89 |
| Max drawdown (3Y) | -74.1% | -88.9% |
| Market cap | $16.0B | $1.4B |
| P/E (trailing) | 502.9 | – |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | SGML |
|---|---|---|
| 2022 | -6.6% | +171.1% |
| 2023 | -32.8% | +11.7% |
| 2024 | -39.5% | -64.4% |
| 2025 | +67.7% | +17.6% |
| 2026 | -3.5% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and SGML good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALB and SGML?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.56 over the last year and 0.56 over 5 years.
Is SGML a good diversifier for ALB?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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-sgml.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alb-vs-sgml/)
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Related comparisons
Hubs: ALB correlations · SGML correlations
