ASIX vs LXU: Correlation
AdvanSix Inc. (ASIX) and LSB Industries, Inc. (LXU) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASIX and LXU?
Over the past 3 years, ASIX and LXU moved with a correlation of 0.56, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.56 over 3 years. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 1159.6 %².
Among the 11 assets we track against ASIX, LXU ranks #4 by 3-year correlation. The last year tells two different stories: LXU led by 44.7 percentage points, -18.5% for ASIX against +26.2% for LXU.
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.
ASIX vs LXU: side by side
| ASIX (AdvanSix Inc.) | LXU (LSB Industries, Inc.) | |
|---|---|---|
| 1-year return | -18.5% | +26.2% |
| 5-year return | -49.2% | +67.6% |
| Volatility (ann.) | 45.7% | 45.6% |
| Beta vs S&P 500 | 0.50 | 0.53 |
| Max drawdown (3Y) | -55.2% | -53.8% |
| Market cap | $0.4B | $0.8B |
| P/E (trailing) | – | 20.9 |
| Dividend yield | 3.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASIX | LXU |
|---|---|---|
| 2022 | -18.5% | +20.4% |
| 2023 | -19.7% | -30.0% |
| 2024 | -2.7% | -18.5% |
| 2025 | -37.3% | +12.0% |
| 2026 | -3.0% | +22.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASIX and LXU good diversifiers for each other?
To a limited degree. At 0.56 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 ASIX and LXU?
The ASIX/LXU correlation stands at 0.56 on a 3-year window (1 year: 0.46, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is LXU a good diversifier for ASIX?
To a limited degree. At 0.56 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 0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asix-vs-lxu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asix-vs-lxu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASIX correlations · LXU correlations
