KWR vs SCL: Correlation
Quaker Houghton (KWR) and Stepan Company (SCL) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KWR and SCL?
Across a 3-year window, the weekly returns of KWR and SCL correlate at 0.66, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 818.7 %².
Among the 20 assets we track against KWR, SCL ranks #6 by 3-year correlation. The trailing year gives SCL the advantage: +15.1% versus +26.2%, a 11.1-point spread.
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.
KWR vs SCL: side by side
| KWR (Quaker Houghton) | SCL (Stepan Company) | |
|---|---|---|
| 1-year return | +15.1% | +26.2% |
| 5-year return | -32.5% | -40.5% |
| Volatility (ann.) | 34.3% | 36.4% |
| Beta vs S&P 500 | 1.16 | 0.93 |
| Max drawdown (3Y) | -55.3% | -54.0% |
| Market cap | $2.8B | $1.4B |
| P/E (trailing) | 29.4 | – |
| Dividend yield | 1.24% | 2.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KWR | SCL |
|---|---|---|
| 2022 | -26.9% | -13.2% |
| 2023 | +29.1% | -9.7% |
| 2024 | -33.4% | -30.3% |
| 2025 | -0.8% | -24.6% |
| 2026 | +20.9% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KWR and SCL good diversifiers for each other?
To a limited degree. At 0.66 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 KWR and SCL?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.68 over the last year and 0.61 over 5 years.
Is SCL a good diversifier for KWR?
To a limited degree. At 0.66 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 0.66 mean?
On the −1 to +1 scale, 0.66 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/kwr-vs-scl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kwr-vs-scl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KWR correlations · SCL correlations
