DOW vs LXU: Correlation
Measured on weekly returns over the past three years, Dow Inc. (DOW) and LSB Industries, Inc. (LXU) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOW and LXU?
Over the past 3 years, DOW and LXU moved with a correlation of 0.60, which is strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.60 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 959.9 %².
By 3-year correlation, LXU places #8 of the 32 assets tracked against DOW. Their 12-month results are close: +29.0% for DOW against +26.2% for LXU.
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.
DOW vs LXU: side by side
| DOW (Dow Inc.) | LXU (LSB Industries, Inc.) | |
|---|---|---|
| 1-year return | +29.0% | +26.2% |
| 5-year return | -38.4% | +67.6% |
| Volatility (ann.) | 35.2% | 45.6% |
| Beta vs S&P 500 | 0.62 | 0.53 |
| Max drawdown (3Y) | -62.2% | -53.8% |
| Market cap | $21.9B | $0.8B |
| P/E (trailing) | – | 20.9 |
| Dividend yield | 4.62% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | DOW | LXU |
|---|---|---|
| 2022 | -6.6% | +20.4% |
| 2023 | +14.7% | -30.0% |
| 2024 | -22.8% | -18.5% |
| 2025 | -37.4% | +12.0% |
| 2026 | +32.6% | +22.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOW and LXU good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DOW and LXU?
As of 2026-08-27, the correlation of weekly returns between DOW and LXU is 0.60 over 3 years, 0.65 over 1 year and 0.43 over 5 years.
Is LXU a good diversifier for DOW?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/dow-vs-lxu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dow-vs-lxu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOW correlations · LXU correlations
