OLN vs. DOW
OLN (Olin Corporation) and DOW (Dow Inc.) are both stocks. Both are in the Basic Materials sector — OLN in Specialty Chemicals, DOW in Chemicals. Over the past 5 years, OLN returned -10.59%/yr vs -8.14%/yr for DOW. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
OLN vs. DOW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OLN achieves a 22.46% return, which is significantly lower than DOW's 47.99% return.
OLN
- 1D
- 3.84%
- 1M
- -6.16%
- YTD
- 22.46%
- 6M
- 15.01%
- 1Y
- 27.48%
- 3Y*
- -19.68%
- 5Y*
- -10.59%
- 10Y*
- 3.32%
DOW
- 1D
- 0.65%
- 1M
- -11.76%
- YTD
- 47.99%
- 6M
- 44.34%
- 1Y
- 19.13%
- 3Y*
- -8.82%
- 5Y*
- -8.14%
- 10Y*
- —
OLN vs. DOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OLN Olin Corporation | 22.46% | -36.15% | -36.29% | 3.46% | -6.63% | 138.55% | 50.81% | -23.35% |
DOW Dow Inc. | 47.99% | -37.38% | -22.79% | 14.71% | -6.65% | 6.81% | 7.88% | 8.40% |
Correlation
The correlation between OLN and DOW is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2019 | 0.68 |
The correlation between OLN and DOW has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
Fundamentals
OLN:
$2.86B
DOW:
$24.41B
OLN:
-$1.11
DOW:
-$3.86
OLN:
0.43
DOW:
0.61
OLN:
1.65
DOW:
1.60
OLN:
$6.72B
DOW:
$39.33B
OLN:
$352.80M
DOW:
$2.42B
OLN:
$374.70M
DOW:
$840.00M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OLN vs. DOW — Risk / Return Rank
OLN
DOW
OLN vs. DOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Olin Corporation (OLN) and Dow Inc. (DOW). 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.
| OLN | DOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.58 | +0.17 |
| Martin ratioReturn relative to average drawdown | 1.73 | 1.08 | +0.65 |
Loading charts...
Drawdowns
OLN vs. DOW - Drawdown Comparison
The maximum OLN drawdown since its inception was -73.80%, which is greater than DOW's maximum drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for OLN and DOW.
Loading charts...
Drawdown Indicators
| OLN | DOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -64.37% | -9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -31.45% | -31.73% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -69.26% | -62.16% | -7.10% |
Max Drawdown (5Y)Largest decline over 5 years | -71.87% | -64.37% | -7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -73.80% | — | — |
Current DrawdownCurrent decline from peak | -58.94% | -39.19% | -19.75% |
Average DrawdownAverage peak-to-trough decline | -24.97% | -22.79% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.58% | 16.86% | -3.28% |
Volatility
OLN vs. DOW - Volatility Comparison
Olin Corporation (OLN) has a higher volatility of 9.59% compared to Dow Inc. (DOW) at 8.55%. This indicates that OLN's price experiences larger fluctuations and is considered to be riskier than DOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OLN | DOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.59% | 8.55% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 38.93% | 32.80% | +6.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.61% | 49.35% | +6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.90% | 33.56% | +11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.12% | 38.69% | +8.43% |
Dividends
OLN vs. DOW - Dividend Comparison
OLN's dividend yield for the trailing twelve months is around 3.18%, less than DOW's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOW Dow Inc. | 4.14% | 8.98% | 6.98% | 5.11% | 5.56% | 4.94% | 5.05% | 3.84% | 0.00% | 0.00% | 0.00% | 0.00% |
OLN Olin Corporation | 3.18% | 3.84% | 2.37% | 1.48% | 1.51% | 1.39% | 3.26% | 4.64% | 3.98% | 2.25% | 3.12% | 4.63% |
Financials
OLN vs. DOW - Financials Comparison
This section allows you to compare key financial metrics between Olin Corporation and Dow Inc.. 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
OLN vs. DOW - Profitability Comparison
OLN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Olin Corporation reported a gross profit of 0.00 and revenue of 1.58B. Therefore, the gross margin over that period was 0.0%.
DOW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dow Inc. reported a gross profit of 640.00M and revenue of 9.79B. Therefore, the gross margin over that period was 6.5%.
OLN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Olin Corporation reported an operating income of -78.30M and revenue of 1.58B, resulting in an operating margin of -5.0%.
DOW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dow Inc. reported an operating income of -31.00M and revenue of 9.79B, resulting in an operating margin of -0.3%.
OLN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Olin Corporation reported a net income of -83.00M and revenue of 1.58B, resulting in a net margin of -5.2%.
DOW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dow Inc. reported a net income of -445.00M and revenue of 9.79B, resulting in a net margin of -4.5%.
Frequently Asked Questions
OLN and DOW have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OLN has higher volatility (9.59%) compared to DOW (8.55%). In terms of maximum drawdown, OLN dropped -73.80% vs DOW's -64.37%.
OLN currently has the higher Sharpe Ratio (0.42 vs 0.37), 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.
Find the right allocation for OLN and DOW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer