ASIX vs OLN: Correlation
AdvanSix Inc. (ASIX) and Olin Corporation (OLN) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASIX and OLN?
Across a 3-year window, the weekly returns of ASIX and OLN correlate at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 1194.6 %².
Few assets follow ASIX as closely as OLN, which ranks #3 of 11 tracked partners. Twelve-month performance is nearly a tie, at -18.5% for ASIX and -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.
ASIX vs OLN: side by side
| ASIX (AdvanSix Inc.) | OLN (Olin Corporation) | |
|---|---|---|
| 1-year return | -18.5% | -23.3% |
| 5-year return | -49.2% | -62.2% |
| Volatility (ann.) | 45.7% | 45.4% |
| Beta vs S&P 500 | 0.50 | 1.04 |
| Max drawdown (3Y) | -55.2% | -69.3% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.87% | 4.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASIX | OLN |
|---|---|---|
| 2022 | -18.5% | -6.6% |
| 2023 | -19.7% | +3.5% |
| 2024 | -2.7% | -36.3% |
| 2025 | -37.3% | -36.2% |
| 2026 | -3.0% | -15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASIX and OLN good diversifiers for each other?
To a limited degree. At 0.58 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 OLN?
As of 2026-08-27, the correlation of weekly returns between ASIX and OLN is 0.58 over 3 years, 0.56 over 1 year and 0.59 over 5 years.
Is OLN a good diversifier for ASIX?
To a limited degree. At 0.58 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 0.58 mean?
On the −1 to +1 scale, 0.58 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/asix-vs-oln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asix-vs-oln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASIX correlations · OLN correlations
