LPX vs RYAM: Correlation
Measured on weekly returns over the past three years, Louisiana-Pacific Corporation (LPX) and Rayonier Advanced Materials Inc. (RYAM) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPX and RYAM?
Across a 3-year window, the weekly returns of LPX and RYAM correlate at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 952.8 %².
By 3-year correlation, RYAM places #15 of the 20 assets tracked against LPX. Correlation aside, the last 12 months split them widely, with RYAM ahead by 84.8 points (-25.3% versus +59.5%). Risk is not evenly split, since RYAM carries 1.6 times the volatility of the other side.
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 RYAM: side by side
| LPX (Louisiana-Pacific Corporation) | RYAM (Rayonier Advanced Materials Inc.) | |
|---|---|---|
| 1-year return | -25.3% | +59.5% |
| 5-year return | +15.9% | +22.2% |
| Volatility (ann.) | 37.4% | 60.5% |
| Beta vs S&P 500 | 1.15 | 1.27 |
| Max drawdown (3Y) | -43.1% | -63.7% |
| Market cap | $4.9B | $0.6B |
| P/E (trailing) | 93.1 | – |
| Dividend yield | 1.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LPX | RYAM |
|---|---|---|
| 2022 | -23.4% | +68.1% |
| 2023 | +21.5% | -57.8% |
| 2024 | +47.9% | +103.7% |
| 2025 | -21.0% | -28.6% |
| 2026 | -11.4% | +43.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPX and RYAM good diversifiers for each other?
Reasonably. At 0.42, LPX and RYAM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LPX and RYAM?
The LPX/RYAM correlation stands at 0.42 on a 3-year window (1 year: 0.44, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is RYAM a good diversifier for LPX?
Reasonably. At 0.42, LPX and RYAM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/lpx-vs-ryam.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lpx-vs-ryam/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LPX correlations · RYAM correlations
