HUN vs LEA: Correlation
Measured on weekly returns over the past three years, Huntsman Corporation (HUN) and Lear Corporation (LEA) 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 HUN and LEA?
On 3 years of weekly data the HUN/LEA correlation comes out at 0.61, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 826.0 %².
Among the 14 assets we track against HUN, LEA ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LEA outperformed by 23.4 percentage points (-8.2% for HUN against +15.2% for LEA). Note the risk asymmetry: HUN 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.
HUN vs LEA: side by side
| HUN (Huntsman Corporation) | LEA (Lear Corporation) | |
|---|---|---|
| 1-year return | -8.2% | +15.2% |
| 5-year return | -55.1% | -13.4% |
| Volatility (ann.) | 47.1% | 28.8% |
| Beta vs S&P 500 | 0.93 | 0.61 |
| Max drawdown (3Y) | -70.1% | -47.0% |
| Market cap | $1.7B | $8.2B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 5.33% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUN | LEA |
|---|---|---|
| 2022 | -19.0% | -30.7% |
| 2023 | -5.1% | +16.4% |
| 2024 | -25.0% | -31.2% |
| 2025 | -40.6% | +24.9% |
| 2026 | -2.3% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUN and LEA good diversifiers for each other?
To a limited degree. At 0.61 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 HUN and LEA?
As of 2026-08-27, the correlation of weekly returns between HUN and LEA is 0.61 over 3 years, 0.66 over 1 year and 0.58 over 5 years.
Is LEA a good diversifier for HUN?
To a limited degree. At 0.61 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 0.61 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.
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Related comparisons
Hubs: HUN correlations · LEA correlations
