DDC vs ESI: Correlation
Measured on weekly returns over the past three years, DDC Enterprise Limited Class A (DDC) and Element Solutions Inc. (ESI) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDC and ESI?
On 3 years of weekly data the DDC/ESI correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1773.4 %².
By 3-year correlation, ESI places #4 of the 11 assets tracked against DDC. The last year tells two different stories: ESI led by 139.0 percentage points, -95.7% for DDC against +43.3% for ESI. Note the risk asymmetry: DDC runs 4.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DDC vs ESI: side by side
| DDC (DDC Enterprise Limited Class A) | ESI (Element Solutions Inc.) | |
|---|---|---|
| 1-year return | -95.7% | +43.3% |
| 5-year return | n/a | +67.5% |
| Volatility (ann.) | 158.5% | 32.8% |
| Beta vs S&P 500 | 2.55 | 1.26 |
| Max drawdown (3Y) | -99.8% | -40.0% |
| Market cap | – | $8.9B |
| P/E (trailing) | – | 49.4 |
| Dividend yield | 0.00% | 0.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDC | ESI |
|---|---|---|
| 2022 | – | -23.9% |
| 2023 | – | +29.3% |
| 2024 | -96.3% | +11.3% |
| 2025 | -53.1% | -0.4% |
| 2026 | -73.6% | +46.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDC and ESI good diversifiers for each other?
Reasonably. At 0.34, DDC and ESI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DDC and ESI?
The DDC/ESI correlation stands at 0.34 on a 3-year window (1 year: 0.27, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ESI a good diversifier for DDC?
Reasonably. At 0.34, DDC and ESI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/ddc-vs-esi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ddc-vs-esi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DDC correlations · ESI correlations
