LOCL vs MPC: Correlation
How closely do Local Bounti Corporation (LOCL) and Marathon Petroleum (MPC) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOCL and MPC?
Over the past 3 years, LOCL and MPC moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.05) runs above the 3-year figure (-0.20). Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -956.8 %².
Within LOCL's tracked universe of 34 assets, MPC comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MPC ahead by 166.6 points (-58.8% versus +107.8%). Note the risk asymmetry: LOCL runs 4.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LOCL vs MPC: side by side
| LOCL (Local Bounti Corporation) | MPC (Marathon Petroleum) | |
|---|---|---|
| 1-year return | -58.8% | +107.8% |
| 5-year return | -99.2% | +589.6% |
| Volatility (ann.) | 142.7% | 34.2% |
| Beta vs S&P 500 | -0.49 | 0.48 |
| Max drawdown (3Y) | -79.4% | -44.7% |
| Market cap | – | $102.1B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.00% | 1.10% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | LOCL | MPC |
|---|---|---|
| 2022 | -78.4% | +86.6% |
| 2023 | -88.5% | +30.5% |
| 2024 | +0.0% | -4.1% |
| 2025 | +3.4% | +19.2% |
| 2026 | -53.8% | +126.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOCL and MPC good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOCL and MPC?
The LOCL/MPC correlation stands at -0.20 on a 3-year window (1 year: -0.05, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is MPC a good diversifier for LOCL?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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: LOCL correlations · MPC correlations
