ESI vs ROG: Correlation
Measured on weekly returns over the past three years, Element Solutions Inc. (ESI) and Rogers Corporation (ROG) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESI and ROG?
On 3 years of weekly data the ESI/ROG correlation comes out at 0.61, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 681.2 %².
By 3-year correlation, ROG places #7 of the 18 assets tracked against ESI. Correlation aside, the last 12 months split them widely, with ROG ahead by 19.5 points (+43.3% versus +62.8%).
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.
ESI vs ROG: side by side
| ESI (Element Solutions Inc.) | ROG (Rogers Corporation) | |
|---|---|---|
| 1-year return | +43.3% | +62.8% |
| 5-year return | +67.5% | -39.5% |
| Volatility (ann.) | 32.8% | 34.4% |
| Beta vs S&P 500 | 1.26 | 1.02 |
| Max drawdown (3Y) | -40.0% | -64.0% |
| Market cap | $8.9B | $2.3B |
| P/E (trailing) | 49.4 | 74.8 |
| Dividend yield | 0.89% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESI | ROG |
|---|---|---|
| 2022 | -23.9% | -56.3% |
| 2023 | +29.3% | +10.7% |
| 2024 | +11.3% | -23.1% |
| 2025 | -0.4% | -9.9% |
| 2026 | +46.7% | +41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESI and ROG good diversifiers for each other?
Only partially. A correlation of 0.61 means ESI and ROG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ESI and ROG?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.69 over the last year and 0.46 over 5 years.
Is ROG a good diversifier for ESI?
Only partially. A correlation of 0.61 means ESI and ROG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/esi-vs-rog.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ESI correlations · ROG correlations
