CHRD vs LYB: Correlation
Measured on weekly returns over the past three years, Chord Energy Corporation (CHRD) and LyondellBasell (LYB) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRD and LYB?
Over the past 3 years, CHRD and LYB moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 744.3 %².
Within CHRD's tracked universe of 38 assets, LYB comes in at #29 by 3-year correlation. The last year tells two different stories: CHRD led by 21.5 percentage points, +40.6% for CHRD against +19.1% for LYB.
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.
CHRD vs LYB: side by side
| CHRD (Chord Energy Corporation) | LYB (LyondellBasell) | |
|---|---|---|
| 1-year return | +40.6% | +19.1% |
| 5-year return | +164.0% | -12.8% |
| Volatility (ann.) | 35.4% | 33.7% |
| Beta vs S&P 500 | 0.34 | 0.42 |
| Max drawdown (3Y) | -53.9% | -55.4% |
| Market cap | $8.0B | $20.4B |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 3.71% | 6.58% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | CHRD | LYB |
|---|---|---|
| 2022 | +34.1% | -1.0% |
| 2023 | +31.7% | +20.7% |
| 2024 | -25.0% | -17.4% |
| 2025 | -16.4% | -36.0% |
| 2026 | +62.0% | +50.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRD and LYB good diversifiers for each other?
Only partially. A correlation of 0.62 means CHRD and LYB 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 CHRD and LYB?
The CHRD/LYB correlation stands at 0.62 on a 3-year window (1 year: 0.68, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is LYB a good diversifier for CHRD?
Only partially. A correlation of 0.62 means CHRD and LYB 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?
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/chrd-vs-lyb.json
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Related comparisons
Hubs: CHRD correlations · LYB correlations
