HUN vs ICL: Correlation
Huntsman Corporation (HUN) and ICL Group Ltd. (ICL) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUN and ICL?
Across a 3-year window, the weekly returns of HUN and ICL correlate at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 703.4 %².
Among the 14 assets we track against HUN, ICL ranks #9 by 3-year correlation. Twelve-month performance is nearly a tie, at -8.2% for HUN and -10.6% for ICL.
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.
HUN vs ICL: side by side
| HUN (Huntsman Corporation) | ICL (ICL Group Ltd.) | |
|---|---|---|
| 1-year return | -8.2% | -10.6% |
| 5-year return | -55.1% | +2.5% |
| Volatility (ann.) | 47.1% | 37.8% |
| Beta vs S&P 500 | 0.93 | 0.81 |
| Max drawdown (3Y) | -70.1% | -35.6% |
| Market cap | $1.7B | – |
| P/E (trailing) | – | 23.6 |
| Dividend yield | 5.33% | 3.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUN | ICL |
|---|---|---|
| 2022 | -19.0% | -16.9% |
| 2023 | -5.1% | -27.2% |
| 2024 | -25.0% | +2.8% |
| 2025 | -40.6% | +17.1% |
| 2026 | -2.3% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUN and ICL good diversifiers for each other?
Reasonably. At 0.40, HUN and ICL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HUN and ICL?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.37 over the last year and 0.37 over 5 years.
Is ICL a good diversifier for HUN?
Reasonably. At 0.40, HUN and ICL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/hun-vs-icl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hun-vs-icl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HUN correlations · ICL correlations
