LYB vs TROX: Correlation
LyondellBasell (LYB) and Tronox Holdings plc (TROX) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYB and TROX?
Over the past 3 years, LYB and TROX moved with a correlation of 0.57, which is moderate. The past 12 months show a weaker link (0.46) than the 3-year average (0.57). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 1331.1 %².
Among the 36 assets we track against LYB, TROX ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TROX ahead by 18.0 points (+19.1% versus +37.1%). One caveat on sizing: TROX is 2.1 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 TROX: side by side
| LYB (LyondellBasell) | TROX (Tronox Holdings plc) | |
|---|---|---|
| 1-year return | +19.1% | +37.1% |
| 5-year return | -12.8% | -67.8% |
| Volatility (ann.) | 33.7% | 69.1% |
| Beta vs S&P 500 | 0.42 | 1.88 |
| Max drawdown (3Y) | -55.4% | -84.5% |
| Market cap | $20.4B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 6.58% | 3.66% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LYB | TROX |
|---|---|---|
| 2022 | -1.0% | -41.1% |
| 2023 | +20.7% | +7.4% |
| 2024 | -17.4% | -26.4% |
| 2025 | -36.0% | -55.6% |
| 2026 | +50.5% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYB and TROX good diversifiers for each other?
To a limited degree. At 0.57 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 TROX?
The LYB/TROX correlation stands at 0.57 on a 3-year window (1 year: 0.46, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is TROX a good diversifier for LYB?
To a limited degree. At 0.57 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 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lyb-vs-trox.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lyb-vs-trox/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LYB correlations · TROX correlations
