ICL vs SXC: Correlation
ICL Group Ltd. (ICL) and SunCoke Energy, Inc. (SXC) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICL and SXC?
Across a 3-year window, the weekly returns of ICL and SXC correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 594.8 %².
Within ICL's tracked universe of 10 assets, SXC comes in at #5 by 3-year correlation. The last year tells two different stories: SXC led by 56.5 percentage points, -10.6% for ICL against +45.9% for SXC.
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.
ICL vs SXC: side by side
| ICL (ICL Group Ltd.) | SXC (SunCoke Energy, Inc.) | |
|---|---|---|
| 1-year return | -10.6% | +45.9% |
| 5-year return | +2.5% | +84.8% |
| Volatility (ann.) | 37.8% | 40.5% |
| Beta vs S&P 500 | 0.81 | 0.74 |
| Max drawdown (3Y) | -35.6% | -52.0% |
| Market cap | – | $0.9B |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 3.64% | 4.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICL | SXC |
|---|---|---|
| 2022 | -16.9% | +35.9% |
| 2023 | -27.2% | +29.8% |
| 2024 | +2.8% | +4.0% |
| 2025 | +17.1% | -28.6% |
| 2026 | +1.0% | +49.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICL and SXC good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ICL and SXC?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.45 over the last year and 0.37 over 5 years.
Is SXC a good diversifier for ICL?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/icl-vs-sxc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/icl-vs-sxc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ICL correlations · SXC correlations
