EMN vs HUN: Correlation
Measured on weekly returns over the past three years, Eastman Chemical Company (EMN) and Huntsman Corporation (HUN) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMN and HUN?
On 3 years of weekly data the EMN/HUN correlation comes out at 0.64, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 918.4 %².
By 3-year correlation, HUN places #7 of the 22 assets tracked against EMN. The last year tells two different stories: EMN led by 19.0 percentage points, +10.8% for EMN against -8.2% for HUN. Note the risk asymmetry: HUN runs 1.5 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 HUN: side by side
| EMN (Eastman Chemical Company) | HUN (Huntsman Corporation) | |
|---|---|---|
| 1-year return | +10.8% | -8.2% |
| 5-year return | -22.9% | -55.1% |
| Volatility (ann.) | 30.5% | 47.1% |
| Beta vs S&P 500 | 0.95 | 0.93 |
| Max drawdown (3Y) | -48.4% | -70.1% |
| Market cap | $8.3B | $1.7B |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 4.59% | 5.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMN | HUN |
|---|---|---|
| 2022 | -30.4% | -19.0% |
| 2023 | +14.7% | -5.1% |
| 2024 | +5.1% | -25.0% |
| 2025 | -26.9% | -40.6% |
| 2026 | +16.5% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMN and HUN good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EMN and HUN?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.67 over the last year and 0.63 over 5 years.
Is HUN a good diversifier for EMN?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 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/emn-vs-hun.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/emn-vs-hun/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EMN correlations · HUN correlations
