LYB vs PEO: Correlation
How closely do LyondellBasell (LYB) and Adams Natural Resources Fund, Inc. (PEO) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYB and PEO?
Across a 3-year window, the weekly returns of LYB and PEO correlate at 0.58, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.58 over 3. Stretching to 5 years gives 0.62, with an annualized covariance of 396.9 %².
By 3-year correlation, PEO places #11 of the 36 assets tracked against LYB. The last year tells two different stories: PEO led by 22.5 percentage points, +19.1% for LYB against +41.6% for PEO. One caveat on sizing: LYB is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PEO: side by side
| LYB (LyondellBasell) | PEO (Adams Natural Resources Fund, Inc.) | |
|---|---|---|
| 1-year return | +19.1% | +41.6% |
| 5-year return | -12.8% | +179.3% |
| Volatility (ann.) | 33.7% | 20.2% |
| Beta vs S&P 500 | 0.42 | 0.30 |
| Max drawdown (3Y) | -55.4% | -18.9% |
| Market cap | $20.4B | $0.8B |
| P/E (trailing) | – | 4.8 |
| Dividend yield | 6.58% | 7.09% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LYB | PEO |
|---|---|---|
| 2022 | -1.0% | +41.8% |
| 2023 | +20.7% | +0.9% |
| 2024 | -17.4% | +13.6% |
| 2025 | -36.0% | +10.0% |
| 2026 | +50.5% | +38.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYB and PEO good diversifiers for each other?
To a limited degree. At 0.58 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 PEO?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.53 over the last year and 0.62 over 5 years.
Is PEO a good diversifier for LYB?
To a limited degree. At 0.58 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 0.58 mean?
On the −1 to +1 scale, 0.58 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-peo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lyb-vs-peo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LYB correlations · PEO correlations
