LPX vs MMM: Correlation
How closely do Louisiana-Pacific Corporation (LPX) and 3M (MMM) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPX and MMM?
Over the past 3 years, LPX and MMM moved with a correlation of 0.53, which is moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.53 over 3. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 587.7 %².
Among the 20 assets we track against LPX, MMM ranks #11 by 3-year correlation. The last year tells two different stories: MMM led by 41.7 percentage points, -25.3% for LPX against +16.4% for MMM.
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.
LPX vs MMM: side by side
| LPX (Louisiana-Pacific Corporation) | MMM (3M) | |
|---|---|---|
| 1-year return | -25.3% | +16.4% |
| 5-year return | +15.9% | +29.9% |
| Volatility (ann.) | 37.4% | 29.8% |
| Beta vs S&P 500 | 1.15 | 0.89 |
| Max drawdown (3Y) | -43.1% | -20.7% |
| Market cap | $4.9B | $92.2B |
| P/E (trailing) | 93.1 | 31.9 |
| Dividend yield | 1.63% | 1.68% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | LPX | MMM |
|---|---|---|
| 2022 | -23.4% | -29.6% |
| 2023 | +21.5% | -3.3% |
| 2024 | +47.9% | +46.1% |
| 2025 | -21.0% | +26.4% |
| 2026 | -11.4% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPX and MMM good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LPX and MMM?
As of 2026-08-27, the correlation of weekly returns between LPX and MMM is 0.53 over 3 years, 0.62 over 1 year and 0.50 over 5 years.
Is MMM a good diversifier for LPX?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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/lpx-vs-mmm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lpx-vs-mmm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LPX correlations · MMM correlations
