LYB vs TPB: Correlation
How closely do LyondellBasell (LYB) and Turning Point Brands, Inc. (TPB) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYB and TPB?
On 3 years of weekly data the LYB/TPB correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.22 over 3 years. The 5-year figure is -0.08, and annualized covariance runs at -326.1 %².
TPB is close to the least connected end of LYB's tracked universe, ranking #36 of 36. Their recent paths diverged sharply: over the last 12 months LYB outperformed by 33.3 percentage points (+19.1% for LYB against -14.2% for TPB).
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 TPB: side by side
| LYB (LyondellBasell) | TPB (Turning Point Brands, Inc.) | |
|---|---|---|
| 1-year return | +19.1% | -14.2% |
| 5-year return | -12.8% | +74.4% |
| Volatility (ann.) | 33.7% | 44.7% |
| Beta vs S&P 500 | 0.42 | 0.76 |
| Max drawdown (3Y) | -55.4% | -50.6% |
| Market cap | $20.4B | $1.7B |
| P/E (trailing) | – | 38.3 |
| Dividend yield | 6.58% | 0.35% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LYB | TPB |
|---|---|---|
| 2022 | -1.0% | -42.2% |
| 2023 | +20.7% | +23.1% |
| 2024 | -17.4% | +130.1% |
| 2025 | -36.0% | +81.0% |
| 2026 | +50.5% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYB and TPB good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between LYB and TPB?
The LYB/TPB correlation stands at -0.22 on a 3-year window (1 year: -0.35, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is TPB a good diversifier for LYB?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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-tpb.json
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[](https://www.pairbook.io/pair/lyb-vs-tpb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LYB correlations · TPB correlations
