CF vs LXU: Correlation
Measured on weekly returns over the past three years, CF Industries (CF) and LSB Industries, Inc. (LXU) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and LXU?
On 3 years of weekly data the CF/LXU correlation comes out at 0.59, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.59). The 5-year figure is 0.61, and annualized covariance runs at 877.7 %².
Among the 50 assets we track against CF, LXU ranks #8 by 3-year correlation. The last year tells two different stories: CF led by 22.4 percentage points, +48.6% for CF against +26.2% for LXU.
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.
CF vs LXU: side by side
| CF (CF Industries) | LXU (LSB Industries, Inc.) | |
|---|---|---|
| 1-year return | +48.6% | +26.2% |
| 5-year return | +211.5% | +67.6% |
| Volatility (ann.) | 32.8% | 45.6% |
| Beta vs S&P 500 | -0.20 | 0.53 |
| Max drawdown (3Y) | -29.2% | -53.8% |
| Market cap | $19.0B | $0.8B |
| P/E (trailing) | 9.3 | 20.9 |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | CF | LXU |
|---|---|---|
| 2022 | +22.3% | +20.4% |
| 2023 | -4.7% | -30.0% |
| 2024 | +10.1% | -18.5% |
| 2025 | -7.2% | +12.0% |
| 2026 | +64.9% | +22.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and LXU good diversifiers for each other?
Only partially. A correlation of 0.59 means CF and LXU 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 CF and LXU?
The CF/LXU correlation stands at 0.59 on a 3-year window (1 year: 0.70, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is LXU a good diversifier for CF?
Only partially. A correlation of 0.59 means CF and LXU share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/cf-vs-lxu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cf-vs-lxu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CF correlations · LXU correlations
