IPI vs LXU: Correlation
Intrepid Potash, Inc (IPI) and LSB Industries, Inc. (LXU) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPI and LXU?
Over the past 3 years, IPI and LXU moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1219.3 %².
Few assets follow IPI as closely as LXU, which ranks #1 of 15 tracked partners. Twelve-month performance is nearly a tie, at +23.3% for IPI and +26.2% for LXU.
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.
IPI vs LXU: side by side
| IPI (Intrepid Potash, Inc) | LXU (LSB Industries, Inc.) | |
|---|---|---|
| 1-year return | +23.3% | +26.2% |
| 5-year return | +20.2% | +67.6% |
| Volatility (ann.) | 48.0% | 45.6% |
| Beta vs S&P 500 | 0.56 | 0.53 |
| Max drawdown (3Y) | -38.5% | -53.8% |
| Market cap | $0.5B | $0.8B |
| P/E (trailing) | 31.7 | 20.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPI | LXU |
|---|---|---|
| 2022 | -32.4% | +20.4% |
| 2023 | -17.2% | -30.0% |
| 2024 | -8.2% | -18.5% |
| 2025 | +26.5% | +12.0% |
| 2026 | +35.9% | +22.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPI and LXU good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IPI and LXU?
The IPI/LXU correlation stands at 0.56 on a 3-year window (1 year: 0.58, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is LXU a good diversifier for IPI?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/ipi-vs-lxu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipi-vs-lxu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IPI correlations · LXU correlations
