LYB vs RECT: Correlation
Measured on weekly returns over the past three years, LyondellBasell (LYB) and Rectitude Holdings Ltd (RECT) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYB and RECT?
Across a 3-year window, the weekly returns of LYB and RECT correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -497.3 %².
Out of 36 assets tracked against LYB, RECT lands near the bottom at #34. Their recent paths diverged sharply: over the last 12 months LYB outperformed by 91.2 percentage points (+19.1% for LYB against -72.1% for RECT). One caveat on sizing: RECT is 1.9 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 RECT: side by side
| LYB (LyondellBasell) | RECT (Rectitude Holdings Ltd) | |
|---|---|---|
| 1-year return | +19.1% | -72.1% |
| 5-year return | -12.8% | n/a |
| Volatility (ann.) | 33.7% | 65.0% |
| Beta vs S&P 500 | 0.42 | 0.67 |
| Max drawdown (3Y) | -55.4% | -85.4% |
| Market cap | $20.4B | – |
| P/E (trailing) | – | 6.4 |
| Dividend yield | 6.58% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LYB | RECT |
|---|---|---|
| 2022 | -1.0% | – |
| 2023 | +20.7% | – |
| 2024 | -17.4% | – |
| 2025 | -36.0% | -74.1% |
| 2026 | +50.5% | -27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYB and RECT good diversifiers for each other?
Yes. With a correlation of -0.20, LYB and RECT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LYB and RECT?
The LYB/RECT correlation stands at -0.20 on a 3-year window (1 year: -0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RECT a good diversifier for LYB?
Yes. With a correlation of -0.20, LYB and RECT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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-rect.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lyb-vs-rect/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LYB correlations · RECT correlations
