CIX vs LOOP: Correlation
CompX International Inc. (CIX) and Loop Industries, Inc. (LOOP) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIX and LOOP?
Over the past 3 years, CIX and LOOP moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.19). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -845.9 %².
LOOP is close to the least connected end of CIX's tracked universe, ranking #8 of 11. Their recent paths diverged sharply: over the last 12 months CIX outperformed by 94.6 percentage points (+31.7% for CIX against -62.9% for LOOP).
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.
CIX vs LOOP: side by side
| CIX (CompX International Inc.) | LOOP (Loop Industries, Inc.) | |
|---|---|---|
| 1-year return | +31.7% | -62.9% |
| 5-year return | +117.2% | -93.8% |
| Volatility (ann.) | 59.7% | 73.7% |
| Beta vs S&P 500 | 0.98 | 0.96 |
| Max drawdown (3Y) | -43.9% | -87.5% |
| Market cap | $0.4B | – |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 3.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIX | LOOP |
|---|---|---|
| 2022 | -8.0% | -80.5% |
| 2023 | +43.6% | +58.2% |
| 2024 | +14.7% | -68.3% |
| 2025 | -3.2% | -16.7% |
| 2026 | +40.3% | -44.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIX and LOOP good diversifiers for each other?
Yes. With a correlation of -0.19, CIX and LOOP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CIX and LOOP?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.32 over the last year and -0.13 over 5 years.
Is LOOP a good diversifier for CIX?
Yes. With a correlation of -0.19, CIX and LOOP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/cix-vs-loop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cix-vs-loop/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CIX correlations · LOOP correlations
