ALB vs SQM: Correlation
Measured on weekly returns over the past three years, Albemarle Corporation (ALB) and Sociedad Quimica y Minera S.A. (SQM) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and SQM?
On 3 years of weekly data the ALB/SQM correlation comes out at 0.78, strong. Recent behaviour matches the longer record: 0.81 over 1 year against 0.78 over 3. The 5-year figure is 0.75, and annualized covariance runs at 1928.4 %².
Few assets follow ALB as closely as SQM, which ranks #1 of 36 tracked partners. Correlation aside, the last 12 months split them widely, with SQM ahead by 16.4 points (+56.9% versus +73.3%).
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 SQM: side by side
| ALB (Albemarle Corporation) | SQM (Sociedad Quimica y Minera S.A.) | |
|---|---|---|
| 1-year return | +56.9% | +73.3% |
| 5-year return | -39.2% | +90.7% |
| Volatility (ann.) | 54.3% | 45.5% |
| Beta vs S&P 500 | 1.62 | 0.78 |
| Max drawdown (3Y) | -74.1% | -51.3% |
| Market cap | $16.0B | $23.0B |
| P/E (trailing) | 502.9 | 16.1 |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | SQM |
|---|---|---|
| 2022 | -6.6% | +71.8% |
| 2023 | -32.8% | -18.3% |
| 2024 | -39.5% | -39.4% |
| 2025 | +67.7% | +89.2% |
| 2026 | -3.5% | +18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and SQM good diversifiers for each other?
To a limited degree. At 0.78 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 SQM?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.81 over the last year and 0.75 over 5 years.
Is SQM a good diversifier for ALB?
To a limited degree. At 0.78 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 0.78 mean?
A reading of 0.78 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-sqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alb-vs-sqm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALB correlations · SQM correlations
