CBT vs OEC: Correlation
Cabot Corporation (CBT) and Orion S.A. (OEC) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBT and OEC?
On 3 years of weekly data the CBT/OEC correlation comes out at 0.65, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 963.1 %².
In CBT's tracked universe of 15 assets, OEC sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months CBT outperformed by 44.9 percentage points (+5.7% for CBT against -39.2% for OEC). Note the risk asymmetry: OEC runs 1.8 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.
CBT vs OEC: side by side
| CBT (Cabot Corporation) | OEC (Orion S.A.) | |
|---|---|---|
| 1-year return | +5.7% | -39.2% |
| 5-year return | +73.1% | -64.2% |
| Volatility (ann.) | 28.5% | 51.9% |
| Beta vs S&P 500 | 0.84 | 1.04 |
| Max drawdown (3Y) | -48.8% | -84.5% |
| Market cap | $4.4B | $0.4B |
| P/E (trailing) | 23.7 | – |
| Dividend yield | 2.16% | 1.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBT | OEC |
|---|---|---|
| 2022 | +21.4% | -2.4% |
| 2023 | +27.6% | +56.2% |
| 2024 | +11.3% | -42.8% |
| 2025 | -25.7% | -66.4% |
| 2026 | +29.1% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBT and OEC good diversifiers for each other?
Only partially. A correlation of 0.65 means CBT and OEC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CBT and OEC?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.67 over the last year and 0.66 over 5 years.
Is OEC a good diversifier for CBT?
Only partially. A correlation of 0.65 means CBT and OEC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 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/cbt-vs-oec.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbt-vs-oec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBT correlations · OEC correlations
