CF vs LYB: Correlation
How closely do CF Industries (CF) and LyondellBasell (LYB) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and LYB?
Across a 3-year window, the weekly returns of CF and LYB correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 608.0 %².
By 3-year correlation, LYB places #15 of the 50 assets tracked against CF. Correlation aside, the last 12 months split them widely, with CF ahead by 29.5 points (+48.6% versus +19.1%). The rolling one-year correlation moved between 0.35 and 0.62 over the past three years, a moderate range.
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 LYB: side by side
| CF (CF Industries) | LYB (LyondellBasell) | |
|---|---|---|
| 1-year return | +48.6% | +19.1% |
| 5-year return | +211.5% | -12.8% |
| Volatility (ann.) | 32.8% | 33.7% |
| Beta vs S&P 500 | -0.20 | 0.42 |
| Max drawdown (3Y) | -29.2% | -55.4% |
| Market cap | $19.0B | $20.4B |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 1.59% | 6.58% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | CF | LYB |
|---|---|---|
| 2022 | +22.3% | -1.0% |
| 2023 | -4.7% | +20.7% |
| 2024 | +10.1% | -17.4% |
| 2025 | -7.2% | -36.0% |
| 2026 | +64.9% | +50.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and LYB good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CF and LYB?
As of 2026-08-27, the correlation of weekly returns between CF and LYB is 0.55 over 3 years, 0.64 over 1 year and 0.46 over 5 years.
Is LYB a good diversifier for CF?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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/cf-vs-lyb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cf-vs-lyb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CF correlations · LYB correlations
