KALU vs SXT: Correlation
How closely do Kaiser Aluminum Corporation (KALU) and Sensient Technologies Corporation (SXT) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KALU and SXT?
On 3 years of weekly data the KALU/SXT correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.50 over 3. The 5-year figure is 0.50, and annualized covariance runs at 790.0 %².
Among the 17 assets we track against KALU, SXT ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KALU outperformed by 84.3 percentage points (+103.8% for KALU against +19.5% for SXT).
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.
KALU vs SXT: side by side
| KALU (Kaiser Aluminum Corporation) | SXT (Sensient Technologies Corporation) | |
|---|---|---|
| 1-year return | +103.8% | +19.5% |
| 5-year return | +51.7% | +70.0% |
| Volatility (ann.) | 46.6% | 34.2% |
| Beta vs S&P 500 | 1.72 | 0.65 |
| Max drawdown (3Y) | -48.9% | -30.7% |
| Market cap | $2.6B | $5.7B |
| P/E (trailing) | 11.6 | 36.9 |
| Dividend yield | 1.98% | 1.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KALU | SXT |
|---|---|---|
| 2022 | -16.2% | -25.6% |
| 2023 | -2.1% | -7.2% |
| 2024 | +2.7% | +10.5% |
| 2025 | +70.1% | +34.2% |
| 2026 | +38.5% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KALU and SXT good diversifiers for each other?
To a limited degree. At 0.50 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 KALU and SXT?
As of 2026-08-27, the correlation of weekly returns between KALU and SXT is 0.50 over 3 years, 0.54 over 1 year and 0.50 over 5 years.
Is SXT a good diversifier for KALU?
To a limited degree. At 0.50 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 0.50 mean?
On the −1 to +1 scale, 0.50 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
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Related comparisons
Hubs: KALU correlations · SXT correlations
