ALB vs SUPX: Correlation
How closely do Albemarle Corporation (ALB) and SuperX AI Technology Limited (SUPX) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and SUPX?
Over the past 3 years, ALB and SUPX moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -939.2 %².
Within ALB's tracked universe of 36 assets, SUPX comes in at #30 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALB ahead by 133.9 points (+56.9% versus -77.0%). Note the risk asymmetry: SUPX runs 2.1 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 SUPX: side by side
| ALB (Albemarle Corporation) | SUPX (SuperX AI Technology Limited) | |
|---|---|---|
| 1-year return | +56.9% | -77.0% |
| 5-year return | -39.2% | n/a |
| Volatility (ann.) | 54.3% | 115.6% |
| Beta vs S&P 500 | 1.62 | 0.01 |
| Max drawdown (3Y) | -74.1% | -92.3% |
| Market cap | $16.0B | $0.4B |
| P/E (trailing) | 502.9 | – |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ALB | SUPX |
|---|---|---|
| 2022 | -6.6% | – |
| 2023 | -32.8% | – |
| 2024 | -39.5% | – |
| 2025 | +67.7% | +318.1% |
| 2026 | -3.5% | -37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and SUPX good diversifiers for each other?
Yes. With a correlation of -0.15, ALB and SUPX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALB and SUPX?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.11 over the last year and n/a over 5 years.
Is SUPX a good diversifier for ALB?
Yes. With a correlation of -0.15, ALB and SUPX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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-supx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alb-vs-supx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALB correlations · SUPX correlations
