EMN vs FF: Correlation
Eastman Chemical Company (EMN) and FutureFuel Corp. (FF) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMN and FF?
On 3 years of weekly data the EMN/FF correlation comes out at 0.42, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.42). The 5-year figure is 0.40, and annualized covariance runs at 620.6 %².
Among the 22 assets we track against EMN, FF sits near the bottom by co-movement, at rank #18. Correlation aside, the last 12 months split them widely, with FF ahead by 27.6 points (+10.8% versus +38.4%). Note the risk asymmetry: FF runs 1.6 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.
EMN vs FF: side by side
| EMN (Eastman Chemical Company) | FF (FutureFuel Corp.) | |
|---|---|---|
| 1-year return | +10.8% | +38.4% |
| 5-year return | -22.9% | +11.5% |
| Volatility (ann.) | 30.5% | 48.8% |
| Beta vs S&P 500 | 0.95 | 0.88 |
| Max drawdown (3Y) | -48.4% | -47.9% |
| Market cap | $8.3B | $0.2B |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 4.59% | 3.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMN | FF |
|---|---|---|
| 2022 | -30.4% | +9.9% |
| 2023 | +14.7% | -22.8% |
| 2024 | +5.1% | +31.0% |
| 2025 | -26.9% | -35.8% |
| 2026 | +16.5% | +65.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMN and FF good diversifiers for each other?
Reasonably. At 0.42, EMN and FF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EMN and FF?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.53 over the last year and 0.40 over 5 years.
Is FF a good diversifier for EMN?
Reasonably. At 0.42, EMN and FF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/emn-vs-ff.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/emn-vs-ff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EMN correlations · FF correlations
