CBT vs RYAM: Correlation
Cabot Corporation (CBT) and Rayonier Advanced Materials Inc. (RYAM) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBT and RYAM?
Over the past 3 years, CBT and RYAM moved with a correlation of 0.44, which is moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.44). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 757.4 %².
By 3-year correlation, RYAM places #9 of the 15 assets tracked against CBT. Their recent paths diverged sharply: over the last 12 months RYAM outperformed by 53.8 percentage points (+5.7% for CBT against +59.5% for RYAM). Note the risk asymmetry: RYAM 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.
CBT vs RYAM: side by side
| CBT (Cabot Corporation) | RYAM (Rayonier Advanced Materials Inc.) | |
|---|---|---|
| 1-year return | +5.7% | +59.5% |
| 5-year return | +73.1% | +22.2% |
| Volatility (ann.) | 28.5% | 60.5% |
| Beta vs S&P 500 | 0.84 | 1.27 |
| Max drawdown (3Y) | -48.8% | -63.7% |
| Market cap | $4.4B | $0.6B |
| P/E (trailing) | 23.7 | – |
| Dividend yield | 2.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBT | RYAM |
|---|---|---|
| 2022 | +21.4% | +68.1% |
| 2023 | +27.6% | -57.8% |
| 2024 | +11.3% | +103.7% |
| 2025 | -25.7% | -28.6% |
| 2026 | +29.1% | +43.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBT and RYAM good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CBT and RYAM?
As of 2026-08-27, the correlation of weekly returns between CBT and RYAM is 0.44 over 3 years, 0.30 over 1 year and 0.36 over 5 years.
Is RYAM a good diversifier for CBT?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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-ryam.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbt-vs-ryam/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBT correlations · RYAM correlations
