DD vs LOCL: Correlation
How closely do DuPont (DD) and Local Bounti Corporation (LOCL) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DD and LOCL?
Across a 3-year window, the weekly returns of DD and LOCL correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.02) runs above the 3-year figure (-0.25). Stretching to 5 years gives -0.09, with an annualized covariance of -1017.0 %².
By 3-year correlation, LOCL places #29 of the 34 assets tracked against DD. The last year tells two different stories: DD led by 103.5 percentage points, +44.7% for DD against -58.8% for LOCL. One caveat on sizing: LOCL is 5.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DD vs LOCL: side by side
| DD (DuPont) | LOCL (Local Bounti Corporation) | |
|---|---|---|
| 1-year return | +44.7% | -58.8% |
| 5-year return | +64.0% | -99.2% |
| Volatility (ann.) | 28.8% | 142.7% |
| Beta vs S&P 500 | 0.93 | -0.49 |
| Max drawdown (3Y) | -37.8% | -79.4% |
| Market cap | $18.7B | – |
| P/E (trailing) | 59.1 | – |
| Dividend yield | 2.20% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DD | LOCL |
|---|---|---|
| 2022 | -13.4% | -78.4% |
| 2023 | +14.4% | -88.5% |
| 2024 | +1.0% | +0.0% |
| 2025 | +28.7% | +3.4% |
| 2026 | +16.0% | -53.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DD and LOCL good diversifiers for each other?
Yes. With a correlation of -0.25, DD and LOCL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DD and LOCL?
The DD/LOCL correlation stands at -0.25 on a 3-year window (1 year: 0.02, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is LOCL a good diversifier for DD?
Yes. With a correlation of -0.25, DD and LOCL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/dd-vs-locl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dd-vs-locl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DD correlations · LOCL correlations
