CC vs DOW: Correlation
Measured on weekly returns over the past three years, Chemours Company (The) (CC) and Dow Inc. (DOW) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CC and DOW?
Over the past 3 years, CC and DOW moved with a correlation of 0.62, which is strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 1304.1 %².
In CC's tracked universe of 13 assets, DOW sits right near the top at #3. The last year tells two different stories: DOW led by 22.5 percentage points, +6.5% for CC against +29.0% for DOW. Note the risk asymmetry: CC runs 1.7 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.
CC vs DOW: side by side
| CC (Chemours Company (The)) | DOW (Dow Inc.) | |
|---|---|---|
| 1-year return | +6.5% | +29.0% |
| 5-year return | -44.8% | -38.4% |
| Volatility (ann.) | 59.7% | 35.2% |
| Beta vs S&P 500 | 1.61 | 0.62 |
| Max drawdown (3Y) | -70.9% | -62.2% |
| Market cap | $2.4B | $21.9B |
| P/E (trailing) | – | – |
| Dividend yield | 2.22% | 4.62% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | CC | DOW |
|---|---|---|
| 2022 | -6.0% | -6.6% |
| 2023 | +6.5% | +14.7% |
| 2024 | -44.0% | -22.8% |
| 2025 | -27.6% | -37.4% |
| 2026 | +36.6% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CC and DOW good diversifiers for each other?
Only partially. A correlation of 0.62 means CC and DOW 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 CC and DOW?
As of 2026-08-27, the correlation of weekly returns between CC and DOW is 0.62 over 3 years, 0.69 over 1 year and 0.64 over 5 years.
Is DOW a good diversifier for CC?
Only partially. A correlation of 0.62 means CC and DOW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cc-vs-dow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cc-vs-dow/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CC correlations · DOW correlations
