The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Chemours (CC Quick QuoteCC - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Chemours is a member of our Basic Materials group, which includes 242 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. CC is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for CC's full-year earnings has moved 10.27% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, CC has moved about 4.21% on a year-to-date basis. Meanwhile, stocks in the Basic Materials group have gained about 1.20% on average. This shows that Chemours is outperforming its peers so far this year.

Looking more specifically, CC belongs to the Chemical - Diversified industry, a group that includes 44 individual stocks and currently sits at #28 in the Zacks Industry Rank. On average, stocks in this group have lost 1.87% this year, meaning that CC is performing better in terms of year-to-date returns.

Investors in the Basic Materials sector will want to keep a close eye on CC as it attempts to continue its solid performance.