LYB vs OLN: Correlation
LyondellBasell (LYB) and Olin Corporation (OLN) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYB and OLN?
On 3 years of weekly data the LYB/OLN correlation comes out at 0.61, strong. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 926.5 %².
By 3-year correlation, OLN places #4 of the 36 assets tracked against LYB. The last year tells two different stories: LYB led by 42.4 percentage points, +19.1% for LYB against -23.3% for OLN.
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 OLN: side by side
| LYB (LyondellBasell) | OLN (Olin Corporation) | |
|---|---|---|
| 1-year return | +19.1% | -23.3% |
| 5-year return | -12.8% | -62.2% |
| Volatility (ann.) | 33.7% | 45.4% |
| Beta vs S&P 500 | 0.42 | 1.04 |
| Max drawdown (3Y) | -55.4% | -69.3% |
| Market cap | $20.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.58% | 4.62% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LYB | OLN |
|---|---|---|
| 2022 | -1.0% | -6.6% |
| 2023 | +20.7% | +3.5% |
| 2024 | -17.4% | -36.3% |
| 2025 | -36.0% | -36.2% |
| 2026 | +50.5% | -15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYB and OLN good diversifiers for each other?
Only partially. A correlation of 0.61 means LYB and OLN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LYB and OLN?
The LYB/OLN correlation stands at 0.61 on a 3-year window (1 year: 0.56, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is OLN a good diversifier for LYB?
Only partially. A correlation of 0.61 means LYB and OLN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/lyb-vs-oln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lyb-vs-oln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LYB correlations · OLN correlations
