AENT vs LODE: Correlation
Measured on weekly returns over the past three years, Alliance Entertainment Holding Corporation (AENT) and Comstock Inc. (LODE) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AENT and LODE?
Over the past 3 years, AENT and LODE moved with a correlation of 0.31, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.31 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 3063.0 %².
By 3-year correlation, LODE places #4 of the 12 assets tracked against AENT. Correlation aside, the last 12 months split them widely, with LODE ahead by 41.9 points (+4.0% versus +45.9%).
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.
AENT vs LODE: side by side
| AENT (Alliance Entertainment Holding Corporation) | LODE (Comstock Inc.) | |
|---|---|---|
| 1-year return | +4.0% | +45.9% |
| 5-year return | -43.4% | -88.3% |
| Volatility (ann.) | 94.6% | 105.0% |
| Beta vs S&P 500 | 1.21 | 1.39 |
| Max drawdown (3Y) | -78.2% | -78.5% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AENT | LODE |
|---|---|---|
| 2022 | +4.0% | -78.3% |
| 2023 | -90.9% | +96.4% |
| 2024 | +876.3% | +45.5% |
| 2025 | -10.8% | -53.0% |
| 2026 | -32.2% | -5.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AENT and LODE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AENT and LODE?
As of 2026-08-27, the correlation of weekly returns between AENT and LODE is 0.31 over 3 years, 0.12 over 1 year and 0.27 over 5 years.
Is LODE a good diversifier for AENT?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 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/aent-vs-lode.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aent-vs-lode/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AENT correlations · LODE correlations
