CC vs XLB: Correlation
Chemours Company (The) (CC) and Materials Select Sector SPDR Fund (XLB) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CC and XLB?
Over the past 3 years, CC and XLB moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.56 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 617.7 %².
Within CC's tracked universe of 13 assets, XLB comes in at #4 by 3-year correlation. On 12-month performance XLB holds a 11.1-point edge, +6.5% against +17.6%. One caveat on sizing: CC is 3.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 XLB: side by side
| CC (Chemours Company (The)) | XLB (Materials Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +6.5% | +17.6% |
| 5-year return | -44.8% | +36.9% |
| Volatility (ann.) | 59.7% | 16.7% |
| Beta vs S&P 500 | 1.61 | 0.72 |
| Max drawdown (3Y) | -70.9% | -23.2% |
| Market cap | $2.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.22% | 1.68% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $8.3B |
| Sector / category | US Listed | Sector ETF |
XLB is a Natural Resources fund from State Street Investment Management: $8.3B under management, 26 holdings, a 0.08% expense ratio, a 1.68% trailing dividend yield.
Year-by-year returns
| Year | CC | XLB |
|---|---|---|
| 2022 | -6.0% | -12.3% |
| 2023 | +6.5% | +12.5% |
| 2024 | -44.0% | +0.1% |
| 2025 | -27.6% | +9.9% |
| 2026 | +36.6% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CC and XLB good diversifiers for each other?
Only partially. A correlation of 0.62 means CC and XLB 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 XLB?
The CC/XLB correlation stands at 0.62 on a 3-year window (1 year: 0.56, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is XLB a good diversifier for CC?
Only partially. A correlation of 0.62 means CC and XLB 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?
On the −1 to +1 scale, 0.62 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-xlb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cc-vs-xlb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CC correlations · XLB correlations
