LPX vs. OC
LPX (Louisiana-Pacific Corporation) and OC (Owens Corning) are both stocks. Both operate in the Building Products & Equipment industry within the Industrials sector. Over the past 10 years, LPX returned 17.39%/yr vs 11.32%/yr for OC. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
LPX vs. OC - Performance Comparison
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Returns By Period
In the year-to-date period, LPX achieves a -6.35% return, which is significantly lower than OC's 10.06% return. Over the past 10 years, LPX has outperformed OC with an annualized return of 17.39%, while OC has yielded a comparatively lower 11.32% annualized return.
LPX
- 1D
- 0.37%
- 1M
- 7.41%
- YTD
- -6.35%
- 6M
- -12.73%
- 1Y
- -13.79%
- 3Y*
- 6.43%
- 5Y*
- 6.49%
- 10Y*
- 17.39%
OC
- 1D
- 0.02%
- 1M
- 6.45%
- YTD
- 10.06%
- 6M
- 6.18%
- 1Y
- -7.46%
- 3Y*
- 1.71%
- 5Y*
- 5.91%
- 10Y*
- 11.32%
LPX vs. OC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LPX Louisiana-Pacific Corporation | -6.35% | -21.05% | 47.93% | 21.55% | -23.38% | 113.30% | 27.96% | 36.40% | -13.75% | 38.72% |
OC Owens Corning | 10.06% | -33.02% | 16.61% | 77.17% | -4.23% | 20.93% | 18.12% | 50.63% | -51.68% | 80.33% |
Correlation
The correlation between LPX and OC is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2006 | 0.54 |
The correlation between LPX and OC shifts across timeframes, from 0.54 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
LPX:
$1.17
OC:
-$8.56
LPX:
2.05
OC:
0.77
LPX:
$2.56B
OC:
$9.84B
LPX:
$507.00M
OC:
$2.65B
LPX:
$247.00M
OC:
$528.00M
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Return for Risk
LPX vs. OC — Risk / Return Rank
LPX
OC
LPX vs. OC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Louisiana-Pacific Corporation (LPX) and Owens Corning (OC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LPX | OC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.98 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.28 | -0.19 |
| Martin ratioReturn relative to average drawdown | -0.85 | -0.50 | -0.35 |
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Drawdowns
LPX vs. OC - Drawdown Comparison
The maximum LPX drawdown since its inception was -96.41%, which is greater than OC's maximum drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for LPX and OC.
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Drawdown Indicators
| LPX | OC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.41% | -85.22% | -11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -33.83% | -37.33% | +3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -43.14% | -52.48% | +9.34% |
Max Drawdown (5Y)Largest decline over 5 years | -43.14% | -52.48% | +9.34% |
Max Drawdown (10Y)Largest decline over 10 years | -59.45% | -66.57% | +7.12% |
Current DrawdownCurrent decline from peak | -36.34% | -40.44% | +4.10% |
Average DrawdownAverage peak-to-trough decline | -37.86% | -20.66% | -17.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.73% | 20.83% | -2.10% |
Volatility
LPX vs. OC - Volatility Comparison
The current volatility for Louisiana-Pacific Corporation (LPX) is 13.37%, while Owens Corning (OC) has a volatility of 14.24%. This indicates that LPX experiences smaller price fluctuations and is considered to be less risky than OC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LPX | OC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.37% | 14.24% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 31.61% | 27.16% | +4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.58% | 36.96% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.89% | 34.67% | +5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.85% | 35.34% | +5.51% |
Dividends
LPX vs. OC - Dividend Comparison
LPX's dividend yield for the trailing twelve months is around 1.55%, less than OC's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LPX Louisiana-Pacific Corporation | 1.55% | 1.39% | 1.00% | 1.36% | 1.49% | 0.87% | 1.56% | 1.82% | 2.34% | 0.00% | 0.00% | 0.00% |
OC Owens Corning | 2.44% | 2.47% | 1.41% | 1.40% | 1.64% | 1.15% | 1.27% | 1.35% | 1.43% | 0.88% | 1.44% | 1.45% |
Financials
LPX vs. OC - Financials Comparison
This section allows you to compare key financial metrics between Louisiana-Pacific Corporation and Owens Corning. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
LPX vs. OC - Profitability Comparison
LPX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported a gross profit of 115.00M and revenue of 574.00M. Therefore, the gross margin over that period was 20.0%.
OC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Owens Corning reported a gross profit of 510.00M and revenue of 2.27B. Therefore, the gross margin over that period was 22.5%.
LPX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported an operating income of 34.00M and revenue of 574.00M, resulting in an operating margin of 5.9%.
OC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Owens Corning reported an operating income of 120.00M and revenue of 2.27B, resulting in an operating margin of 5.3%.
LPX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Louisiana-Pacific Corporation reported a net income of 27.00M and revenue of 574.00M, resulting in a net margin of 4.7%.
OC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Owens Corning reported a net income of -105.00M and revenue of 2.27B, resulting in a net margin of -4.6%.
Frequently Asked Questions
LPX and OC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OC has higher volatility (14.24%) compared to LPX (13.37%). In terms of maximum drawdown, LPX dropped -96.41% vs OC's -85.22%.
OC currently has the higher Sharpe Ratio (-0.28 vs -0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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