CC vs OLN: Correlation
How closely do Chemours Company (The) (CC) and Olin Corporation (OLN) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CC and OLN?
Over the past 3 years, CC and OLN moved with a correlation of 0.66, which is strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 1793.9 %².
Few assets follow CC as closely as OLN, which ranks #2 of 13 tracked partners. The last year tells two different stories: CC led by 29.8 percentage points, +6.5% for CC against -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.
CC vs OLN: side by side
| CC (Chemours Company (The)) | OLN (Olin Corporation) | |
|---|---|---|
| 1-year return | +6.5% | -23.3% |
| 5-year return | -44.8% | -62.2% |
| Volatility (ann.) | 59.7% | 45.4% |
| Beta vs S&P 500 | 1.61 | 1.04 |
| Max drawdown (3Y) | -70.9% | -69.3% |
| Market cap | $2.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.22% | 4.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CC | OLN |
|---|---|---|
| 2022 | -6.0% | -6.6% |
| 2023 | +6.5% | +3.5% |
| 2024 | -44.0% | -36.3% |
| 2025 | -27.6% | -36.2% |
| 2026 | +36.6% | -15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CC and OLN good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CC and OLN?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.69 over the last year and 0.64 over 5 years.
Is OLN a good diversifier for CC?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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/cc-vs-oln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cc-vs-oln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CC correlations · OLN correlations
