LAR vs SQM: Correlation
Lithium Argentina AG (LAR) and Sociedad Quimica y Minera S.A. (SQM) 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 LAR and SQM?
Over the past 3 years, LAR and SQM moved with a correlation of 0.66, which is strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 2016.4 %².
SQM is one of the assets that tracks LAR most closely: it ranks #2 out of the 16 assets we track against LAR. Their recent paths diverged sharply: over the last 12 months LAR outperformed by 40.6 percentage points (+113.9% for LAR against +73.3% for SQM).
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.
LAR vs SQM: side by side
| LAR (Lithium Argentina AG) | SQM (Sociedad Quimica y Minera S.A.) | |
|---|---|---|
| 1-year return | +113.9% | +73.3% |
| 5-year return | -12.4% | +90.7% |
| Volatility (ann.) | 67.6% | 45.5% |
| Beta vs S&P 500 | 1.61 | 0.78 |
| Max drawdown (3Y) | -79.6% | -51.3% |
| Market cap | $1.1B | $23.0B |
| P/E (trailing) | – | 16.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAR | SQM |
|---|---|---|
| 2022 | -34.9% | +71.8% |
| 2023 | -17.2% | -18.3% |
| 2024 | -58.5% | -39.4% |
| 2025 | +113.0% | +89.2% |
| 2026 | +23.8% | +18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAR and SQM good diversifiers for each other?
Only partially. A correlation of 0.66 means LAR and SQM 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 LAR and SQM?
The LAR/SQM correlation stands at 0.66 on a 3-year window (1 year: 0.65, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is SQM a good diversifier for LAR?
Only partially. A correlation of 0.66 means LAR and SQM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 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/lar-vs-sqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lar-vs-sqm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LAR correlations · SQM correlations
