FMC vs OLN: Correlation
How closely do FMC Corporation (FMC) and Olin Corporation (OLN) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMC and OLN?
On 3 years of weekly data the FMC/OLN correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 1199.3 %².
Within FMC's tracked universe of 14 assets, OLN comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OLN outperformed by 48.9 percentage points (-72.2% for FMC against -23.3% for OLN).
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.
FMC vs OLN: side by side
| FMC (FMC Corporation) | OLN (Olin Corporation) | |
|---|---|---|
| 1-year return | -72.2% | -23.3% |
| 5-year return | -86.6% | -62.2% |
| Volatility (ann.) | 56.2% | 45.4% |
| Beta vs S&P 500 | 0.82 | 1.04 |
| Max drawdown (3Y) | -87.3% | -69.3% |
| Market cap | $1.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 7.40% | 4.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMC | OLN |
|---|---|---|
| 2022 | +15.7% | -6.6% |
| 2023 | -48.0% | +3.5% |
| 2024 | -19.7% | -36.3% |
| 2025 | -70.0% | -36.2% |
| 2026 | -22.2% | -15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMC and OLN good diversifiers for each other?
Reasonably. At 0.47, FMC and OLN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FMC and OLN?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.49 over the last year and 0.46 over 5 years.
Is OLN a good diversifier for FMC?
Reasonably. At 0.47, FMC and OLN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/fmc-vs-oln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fmc-vs-oln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FMC correlations · OLN correlations
