CF vs XOM: Correlation
CF Industries (CF) and ExxonMobil (XOM) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and XOM?
Over the past 3 years, CF and XOM moved with a correlation of 0.60, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 481.5 %².
By 3-year correlation, XOM places #7 of the 50 assets tracked against CF. On 12-month performance CF holds a 5.8-point edge, +48.6% against +42.8%. Stability stands out here, with the rolling one-year correlation confined to 0.43 through 0.67.
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 XOM: side by side
| CF (CF Industries) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | +48.6% | +42.8% |
| 5-year return | +211.5% | +237.9% |
| Volatility (ann.) | 32.8% | 24.3% |
| Beta vs S&P 500 | -0.20 | 0.01 |
| Max drawdown (3Y) | -29.2% | -20.1% |
| Market cap | $19.0B | $643.3B |
| P/E (trailing) | 9.3 | 20.1 |
| Dividend yield | 1.59% | 2.58% |
| Sector / category | Materials | Energy |
Year-by-year returns
| Year | CF | XOM |
|---|---|---|
| 2022 | +22.3% | +87.4% |
| 2023 | -4.7% | -6.3% |
| 2024 | +10.1% | +11.3% |
| 2025 | -7.2% | +16.0% |
| 2026 | +64.9% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and XOM good diversifiers for each other?
Only partially. A correlation of 0.60 means CF and XOM 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 XOM?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.66 over the last year and 0.52 over 5 years.
Is XOM a good diversifier for CF?
Only partially. A correlation of 0.60 means CF and XOM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 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-xom.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CF correlations · XOM correlations
