CMP vs LLY: Correlation
How closely do Compass Minerals Intl Inc (CMP) and Lilly (Eli) (LLY) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMP and LLY?
Across a 3-year window, the weekly returns of CMP and LLY correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.19). Stretching to 5 years gives -0.14, with an annualized covariance of -377.2 %².
Among the 10 assets we track against CMP, LLY sits near the bottom by co-movement, at rank #9. The last year tells two different stories: LLY led by 30.4 percentage points, +30.8% for CMP against +61.2% for LLY. Risk is not evenly split, since CMP carries 1.5 times the volatility of the other side.
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.
CMP vs LLY: side by side
| CMP (Compass Minerals Intl Inc) | LLY (Lilly (Eli)) | |
|---|---|---|
| 1-year return | +30.8% | +61.2% |
| 5-year return | -60.3% | +369.2% |
| Volatility (ann.) | 55.5% | 36.6% |
| Beta vs S&P 500 | 0.86 | 0.57 |
| Max drawdown (3Y) | -74.2% | -34.5% |
| Market cap | $1.0B | $1,048.8B |
| P/E (trailing) | 59.4 | 40.0 |
| Dividend yield | 0.00% | 0.54% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | CMP | LLY |
|---|---|---|
| 2022 | -18.7% | +34.3% |
| 2023 | -37.0% | +60.9% |
| 2024 | -55.3% | +33.3% |
| 2025 | +74.6% | +40.2% |
| 2026 | +27.0% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMP and LLY good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CMP and LLY?
As of 2026-08-27, the correlation of weekly returns between CMP and LLY is -0.19 over 3 years, 0.01 over 1 year and -0.14 over 5 years.
Is LLY a good diversifier for CMP?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
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/cmp-vs-lly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmp-vs-lly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMP correlations · LLY correlations
