OLN vs TROX: Correlation
How closely do Olin Corporation (OLN) and Tronox Holdings plc (TROX) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLN and TROX?
Over the past 3 years, OLN and TROX moved with a correlation of 0.71, which is strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.71 over 3. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 2224.8 %².
TROX is one of the assets that tracks OLN most closely: it ranks #2 out of the 20 assets we track against OLN. Correlation aside, the last 12 months split them widely, with TROX ahead by 60.4 points (-23.3% versus +37.1%). One caveat on sizing: TROX is 1.5 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.
OLN vs TROX: side by side
| OLN (Olin Corporation) | TROX (Tronox Holdings plc) | |
|---|---|---|
| 1-year return | -23.3% | +37.1% |
| 5-year return | -62.2% | -67.8% |
| Volatility (ann.) | 45.4% | 69.1% |
| Beta vs S&P 500 | 1.04 | 1.88 |
| Max drawdown (3Y) | -69.3% | -84.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 4.62% | 3.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLN | TROX |
|---|---|---|
| 2022 | -6.6% | -41.1% |
| 2023 | +3.5% | +7.4% |
| 2024 | -36.3% | -26.4% |
| 2025 | -36.2% | -55.6% |
| 2026 | -15.8% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLN and TROX good diversifiers for each other?
To a limited degree. At 0.71 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 OLN and TROX?
As of 2026-08-27, the correlation of weekly returns between OLN and TROX is 0.71 over 3 years, 0.72 over 1 year and 0.62 over 5 years.
Is TROX a good diversifier for OLN?
To a limited degree. At 0.71 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 0.71 mean?
A reading of 0.71 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/oln-vs-trox.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/oln-vs-trox/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OLN correlations · TROX correlations
