LXU vs. UAN

Last updated Jun 3, 2026

LXU (LSB Industries, Inc.) and UAN (CVR Partners, LP) are both stocks. Both are in the Basic Materials sector — LXU in Chemicals, UAN in Agricultural Inputs. Over the past 10 years, LXU returned 2.27%/yr vs 12.30%/yr for UAN. At a 0.33 correlation, their price movements are largely independent.

Performance

LXU vs. UAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LSB Industries, Inc. (LXU) and CVR Partners, LP (UAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LXU achieves a 53.65% return, which is significantly higher than UAN's 20.90% return. Over the past 10 years, LXU has underperformed UAN with an annualized return of 2.27%, while UAN has yielded a comparatively higher 12.30% annualized return.

LXU

• 1D: 0.23%
• 1M: -11.58%
• YTD: 53.65%
• 6M: 37.76%
• 1Y: 71.17%
• 3Y*: 10.16%
• 5Y*: 21.13%
• 10Y*: 2.27%

UAN

• 1D: -0.37%
• 1M: -3.55%
• YTD: 20.90%
• 6M: 30.71%
• 1Y: 62.56%
• 3Y*: 26.37%
• 5Y*: 32.88%
• 10Y*: 12.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LXU vs. UAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LXU LSB Industries, Inc.	53.65%	11.99%	-18.47%	-30.00%	20.36%	323.75%	-19.29%	-23.91%	-36.99%	4.04%
UAN CVR Partners, LP	20.90%	54.09%	27.18%	-13.80%	43.68%	452.88%	-48.32%	1.48%	3.66%	-45.19%

Correlation

The correlation between LXU and UAN is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Apr 11, 2011	0.33

The correlation between LXU and UAN shifts across timeframes, from 0.33 (all time) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS LXU : $0.85 UAN : $11.49
PE Ratio LXU : 15.36 UAN : 10.40
PEG Ratio LXU : 0.04 UAN : 0.18
PS Ratio LXU : 1.10 UAN : 1.96
Total Revenue (TTM) LXU : $641.26M UAN : $643.22M
Gross Profit (TTM) LXU : $125.71M UAN : $133.57M
EBITDA (TTM) LXU : $142.03M UAN : $266.31M

Return for Risk

LXU vs. UAN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LXU

LXU Risk / Return Rank: 77
LXU Sharpe Ratio Rank: 78
LXU Sortino Ratio Rank: 74
LXU Omega Ratio Rank: 72
LXU Calmar Ratio Rank: 80
LXU Martin Ratio Rank: 82

UAN

UAN Risk / Return Rank: 82
UAN Sharpe Ratio Rank: 82
UAN Sortino Ratio Rank: 77
UAN Omega Ratio Rank: 82
UAN Calmar Ratio Rank: 84
UAN Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LXU vs. UAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LSB Industries, Inc. (LXU) and CVR Partners, LP (UAN). 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.

	LXU	UAN	Difference
Sharpe ratio Return per unit of total volatility	1.30	1.56	-0.26
Sortino ratio Return per unit of downside risk	1.97	2.15	-0.17
Omega ratio Gain probability vs. loss probability	1.24	1.33	-0.09
Calmar ratio Return relative to maximum drawdown	2.82	3.33	-0.51
Martin ratio Return relative to average drawdown	7.42	10.57	-3.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LXU vs. UAN - Sharpe Ratio Comparison

The current LXU Sharpe Ratio is 1.30, which is comparable to the UAN Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of LXU and UAN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LXU	UAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	1.56	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.78	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.23	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.13	-0.08

Drawdowns

LXU vs. UAN - Drawdown Comparison

The maximum LXU drawdown since its inception was -97.83%, roughly equal to the maximum UAN drawdown of -96.77%. Use the drawdown chart below to compare losses from any high point for LXU and UAN.

Drawdown Indicators

	LXU	UAN	Difference
Max Drawdown Largest peak-to-trough decline	-97.83%	-96.77%	-1.06%
Max Drawdown (1Y) Largest decline over 1 year	-25.71%	-18.77%	-6.94%
Max Drawdown (3Y) Largest decline over 3 years	-56.08%	-28.52%	-27.56%
Max Drawdown (5Y) Largest decline over 5 years	-81.38%	-49.19%	-32.19%
Max Drawdown (10Y) Largest decline over 10 years	-93.22%	-92.85%	-0.37%
Current Drawdown Current decline from peak	-64.58%	-11.18%	-53.40%
Average Drawdown Average peak-to-trough decline	-56.23%	-47.61%	-8.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.78%	5.92%	+3.86%

Volatility

LXU vs. UAN - Volatility Comparison

LSB Industries, Inc. (LXU) has a higher volatility of 17.69% compared to CVR Partners, LP (UAN) at 12.77%. This indicates that LXU's price experiences larger fluctuations and is considered to be riskier than UAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LXU	UAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.69%	12.77%	+4.92%
Volatility (6M) Calculated over the trailing 6-month period	41.47%	37.52%	+3.95%
Volatility (1Y) Calculated over the trailing 1-year period	54.95%	40.31%	+14.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.43%	42.59%	+19.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.78%	54.75%	+19.03%

Dividends

LXU vs. UAN - Dividend Comparison

LXU has not paid dividends to shareholders, while UAN's dividend yield for the trailing twelve months is around 10.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LXU LSB Industries, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UAN CVR Partners, LP	10.27%	11.63%	8.81%	40.64%	19.21%	5.62%	0.00%	12.90%	0.00%	0.61%	11.81%	15.61%

Financials

LXU vs. UAN - Profitability Comparison

The chart below illustrates the profitability comparison between LSB Industries, Inc. and CVR Partners, LP over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LXU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LSB Industries, Inc. reported a gross profit of 35.79M and revenue of 169.49M. Therefore, the gross margin over that period was 21.1%.

UAN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CVR Partners, LP reported a gross profit of 38.03M and revenue of 180.05M. Therefore, the gross margin over that period was 21.1%.

LXU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LSB Industries, Inc. reported an operating income of 23.16M and revenue of 169.49M, resulting in an operating margin of 13.7%.

UAN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CVR Partners, LP reported an operating income of 57.65M and revenue of 180.05M, resulting in an operating margin of 32.0%.

LXU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LSB Industries, Inc. reported a net income of 19.69M and revenue of 169.49M, resulting in a net margin of 11.6%.

UAN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CVR Partners, LP reported a net income of 49.91M and revenue of 180.05M, resulting in a net margin of 27.7%.

Frequently Asked Questions

Can I hold both LXU and UAN in my portfolio?

LXU and UAN have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LXU or UAN?

LXU has higher volatility (17.69%) compared to UAN (12.77%). In terms of maximum drawdown, LXU dropped -97.83% vs UAN's -96.77%.

Which has better risk-adjusted returns?

UAN currently has the higher Sharpe Ratio (1.56 vs 1.30), 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.