ANDE vs OLN: Correlation
Measured on weekly returns over the past three years, The Andersons, Inc. (ANDE) and Olin Corporation (OLN) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANDE and OLN?
Across a 3-year window, the weekly returns of ANDE and OLN correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 773.7 %².
Few assets follow ANDE as closely as OLN, which ranks #2 of 14 tracked partners. The last year tells two different stories: ANDE led by 82.2 percentage points, +58.9% for ANDE against -23.3% for OLN.
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.
ANDE vs OLN: side by side
| ANDE (The Andersons, Inc.) | OLN (Olin Corporation) | |
|---|---|---|
| 1-year return | +58.9% | -23.3% |
| 5-year return | +128.7% | -62.2% |
| Volatility (ann.) | 33.1% | 45.4% |
| Beta vs S&P 500 | 0.26 | 1.04 |
| Max drawdown (3Y) | -46.9% | -69.3% |
| Market cap | $2.2B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 1.21% | 4.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANDE | OLN |
|---|---|---|
| 2022 | -7.8% | -6.6% |
| 2023 | +67.0% | +3.5% |
| 2024 | -28.8% | -36.3% |
| 2025 | +33.8% | -36.2% |
| 2026 | +21.0% | -15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANDE and OLN good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ANDE and OLN?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.55 over the last year and 0.40 over 5 years.
Is OLN a good diversifier for ANDE?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/ande-vs-oln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ande-vs-oln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANDE correlations · OLN correlations
