OEC vs TROX: Correlation
How closely do Orion S.A. (OEC) and Tronox Holdings plc (TROX) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OEC and TROX?
Across a 3-year window, the weekly returns of OEC and TROX correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 2031.9 %².
Within OEC's tracked universe of 10 assets, TROX comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TROX outperformed by 76.3 percentage points (-39.2% for OEC against +37.1% for TROX).
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.
OEC vs TROX: side by side
| OEC (Orion S.A.) | TROX (Tronox Holdings plc) | |
|---|---|---|
| 1-year return | -39.2% | +37.1% |
| 5-year return | -64.2% | -67.8% |
| Volatility (ann.) | 51.9% | 69.1% |
| Beta vs S&P 500 | 1.04 | 1.88 |
| Max drawdown (3Y) | -84.5% | -84.5% |
| Market cap | $0.4B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 1.35% | 3.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OEC | TROX |
|---|---|---|
| 2022 | -2.4% | -41.1% |
| 2023 | +56.2% | +7.4% |
| 2024 | -42.8% | -26.4% |
| 2025 | -66.4% | -55.6% |
| 2026 | +20.1% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OEC 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 OEC and TROX?
As of 2026-08-27, the correlation of weekly returns between OEC and TROX is 0.57 over 3 years, 0.62 over 1 year and 0.56 over 5 years.
Is TROX a good diversifier for OEC?
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/oec-vs-trox.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oec-vs-trox/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OEC correlations · TROX correlations
