HUN vs OLN: Correlation
Huntsman Corporation (HUN) and Olin Corporation (OLN) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUN and OLN?
On 3 years of weekly data the HUN/OLN correlation comes out at 0.76, strong. Recent behaviour matches the longer record: 0.83 over 1 year against 0.76 over 3. The 5-year figure is 0.68, and annualized covariance runs at 1625.3 %².
Few assets follow HUN as closely as OLN, which ranks #1 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with HUN ahead by 15.1 points (-8.2% versus -23.3%).
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 OLN: side by side
| HUN (Huntsman Corporation) | OLN (Olin Corporation) | |
|---|---|---|
| 1-year return | -8.2% | -23.3% |
| 5-year return | -55.1% | -62.2% |
| Volatility (ann.) | 47.1% | 45.4% |
| Beta vs S&P 500 | 0.93 | 1.04 |
| Max drawdown (3Y) | -70.1% | -69.3% |
| Market cap | $1.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 5.33% | 4.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HUN | OLN |
|---|---|---|
| 2022 | -19.0% | -6.6% |
| 2023 | -5.1% | +3.5% |
| 2024 | -25.0% | -36.3% |
| 2025 | -40.6% | -36.2% |
| 2026 | -2.3% | -15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUN and OLN good diversifiers for each other?
Only partially. A correlation of 0.76 means HUN and OLN 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 HUN and OLN?
The HUN/OLN correlation stands at 0.76 on a 3-year window (1 year: 0.83, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is OLN a good diversifier for HUN?
Only partially. A correlation of 0.76 means HUN and OLN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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/hun-vs-oln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hun-vs-oln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUN correlations · OLN correlations
