LYB vs MUR: Correlation
How closely do LyondellBasell (LYB) and Murphy Oil Corporation (MUR) 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 LYB and MUR?
On 3 years of weekly data the LYB/MUR correlation comes out at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 784.2 %².
By 3-year correlation, MUR places #8 of the 36 assets tracked against LYB. The last year tells two different stories: MUR led by 32.6 percentage points, +19.1% for LYB against +51.7% for MUR.
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.
LYB vs MUR: side by side
| LYB (LyondellBasell) | MUR (Murphy Oil Corporation) | |
|---|---|---|
| 1-year return | +19.1% | +51.7% |
| 5-year return | -12.8% | +96.7% |
| Volatility (ann.) | 33.7% | 39.7% |
| Beta vs S&P 500 | 0.42 | 0.16 |
| Max drawdown (3Y) | -55.4% | -58.5% |
| Market cap | $20.4B | $5.2B |
| P/E (trailing) | – | 17.2 |
| Dividend yield | 6.58% | 3.89% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LYB | MUR |
|---|---|---|
| 2022 | -1.0% | +68.5% |
| 2023 | +20.7% | +2.0% |
| 2024 | -17.4% | -26.8% |
| 2025 | -36.0% | +8.7% |
| 2026 | +50.5% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYB and MUR good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LYB and MUR?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.60 over the last year and 0.59 over 5 years.
Is MUR a good diversifier for LYB?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 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/lyb-vs-mur.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lyb-vs-mur/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LYB correlations · MUR correlations
