COP vs LYB: Correlation
Measured on weekly returns over the past three years, ConocoPhillips (COP) and LyondellBasell (LYB) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COP and LYB?
Across a 3-year window, the weekly returns of COP and LYB correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 544.5 %².
Among the 40 assets we track against COP, LYB ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with COP ahead by 17.4 points (+36.5% versus +19.1%). Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.73.
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.
COP vs LYB: side by side
| COP (ConocoPhillips) | LYB (LyondellBasell) | |
|---|---|---|
| 1-year return | +36.5% | +19.1% |
| 5-year return | +175.2% | -12.8% |
| Volatility (ann.) | 29.1% | 33.7% |
| Beta vs S&P 500 | 0.25 | 0.42 |
| Max drawdown (3Y) | -36.3% | -55.4% |
| Market cap | $155.6B | $20.4B |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 2.53% | 6.58% |
| Sector / category | Energy | Materials |
Year-by-year returns
| Year | COP | LYB |
|---|---|---|
| 2022 | +71.7% | -1.0% |
| 2023 | +2.0% | +20.7% |
| 2024 | -12.2% | -17.4% |
| 2025 | -2.3% | -36.0% |
| 2026 | +41.4% | +50.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COP 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 COP and LYB?
The COP/LYB correlation stands at 0.55 on a 3-year window (1 year: 0.57, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is LYB a good diversifier for COP?
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/cop-vs-lyb.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: COP correlations · LYB correlations
