ARQ vs LSF: Correlation
How closely do Arq, Inc. (ARQ) and Laird Superfood, Inc. (LSF) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQ and LSF?
Over the past 3 years, ARQ and LSF moved with a correlation of 0.46, which is moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.46). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 6682.0 %².
By 3-year correlation, LSF places #4 of the 15 assets tracked against ARQ. Correlation aside, the last 12 months split them widely, with LSF ahead by 38.5 points (-71.1% versus -32.6%). Risk is not evenly split, since LSF carries 2.3 times the volatility of the other side.
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.
ARQ vs LSF: side by side
| ARQ (Arq, Inc.) | LSF (Laird Superfood, Inc.) | |
|---|---|---|
| 1-year return | -71.1% | -32.6% |
| 5-year return | -67.7% | -79.5% |
| Volatility (ann.) | 78.9% | 183.4% |
| Beta vs S&P 500 | 1.85 | 1.17 |
| Max drawdown (3Y) | -79.6% | -79.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARQ | LSF |
|---|---|---|
| 2022 | -63.3% | -93.6% |
| 2023 | +22.6% | +8.3% |
| 2024 | +154.0% | +765.9% |
| 2025 | -56.8% | -71.8% |
| 2026 | -32.7% | +74.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQ and LSF good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARQ and LSF?
As of 2026-08-27, the correlation of weekly returns between ARQ and LSF is 0.46 over 3 years, 0.19 over 1 year and 0.39 over 5 years.
Is LSF a good diversifier for ARQ?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ARQ correlations · LSF correlations
