LXU vs LYB: Correlation
How closely do LSB Industries, Inc. (LXU) and LyondellBasell (LYB) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXU and LYB?
Over the past 3 years, LXU and LYB moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 904.0 %².
LYB is one of the assets that tracks LXU most closely: it ranks #3 out of the 12 assets we track against LXU. On 12-month performance LXU holds a 7.1-point edge, +26.2% against +19.1%.
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.
LXU vs LYB: side by side
| LXU (LSB Industries, Inc.) | LYB (LyondellBasell) | |
|---|---|---|
| 1-year return | +26.2% | +19.1% |
| 5-year return | +67.6% | -12.8% |
| Volatility (ann.) | 45.6% | 33.7% |
| Beta vs S&P 500 | 0.53 | 0.42 |
| Max drawdown (3Y) | -53.8% | -55.4% |
| Market cap | $0.8B | $20.4B |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 0.00% | 6.58% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | LXU | LYB |
|---|---|---|
| 2022 | +20.4% | -1.0% |
| 2023 | -30.0% | +20.7% |
| 2024 | -18.5% | -17.4% |
| 2025 | +12.0% | -36.0% |
| 2026 | +22.8% | +50.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXU and LYB good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LXU and LYB?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.64 over the last year and 0.44 over 5 years.
Is LYB a good diversifier for LXU?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LXU correlations · LYB correlations
