DWSN vs LXU: Correlation
Dawson Geophysical Company (DWSN) and LSB Industries, Inc. (LXU) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWSN and LXU?
Over the past 3 years, DWSN and LXU moved with a correlation of 0.31, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.43 versus 0.31 over 3 years. Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 1230.5 %².
Within DWSN's tracked universe of 17 assets, LXU comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DWSN ahead by 67.3 points (+93.5% versus +26.2%). One caveat on sizing: DWSN is 1.9 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.
DWSN vs LXU: side by side
| DWSN (Dawson Geophysical Company) | LXU (LSB Industries, Inc.) | |
|---|---|---|
| 1-year return | +93.5% | +26.2% |
| 5-year return | +93.2% | +67.6% |
| Volatility (ann.) | 86.8% | 45.6% |
| Beta vs S&P 500 | -0.14 | 0.53 |
| Max drawdown (3Y) | -64.3% | -53.8% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | 27.1 | 20.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWSN | LXU |
|---|---|---|
| 2022 | -15.5% | +20.4% |
| 2023 | -6.6% | -30.0% |
| 2024 | -14.2% | -18.5% |
| 2025 | +16.4% | +12.0% |
| 2026 | +108.3% | +22.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWSN and LXU good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DWSN and LXU?
The DWSN/LXU correlation stands at 0.31 on a 3-year window (1 year: 0.43, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is LXU a good diversifier for DWSN?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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/dwsn-vs-lxu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dwsn-vs-lxu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DWSN correlations · LXU correlations
