ASAN vs LULU: Correlation
How closely do Asana, Inc. (ASAN) and Lululemon Athletica (LULU) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASAN and LULU?
On 3 years of weekly data the ASAN/LULU correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.41 over 3 years. The 5-year figure is 0.40, and annualized covariance runs at 1024.3 %².
By 3-year correlation, LULU places #10 of the 19 assets tracked against ASAN. The last year tells two different stories: ASAN led by 15.1 percentage points, -29.0% for ASAN against -44.1% for LULU.
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.
ASAN vs LULU: side by side
| ASAN (Asana, Inc.) | LULU (Lululemon Athletica) | |
|---|---|---|
| 1-year return | -29.0% | -44.1% |
| 5-year return | -86.9% | -72.3% |
| Volatility (ann.) | 59.9% | 41.8% |
| Beta vs S&P 500 | 1.49 | 0.98 |
| Max drawdown (3Y) | -80.2% | -79.4% |
| Market cap | $2.3B | $13.1B |
| P/E (trailing) | – | 9.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ASAN | LULU |
|---|---|---|
| 2022 | -81.5% | -18.2% |
| 2023 | +38.1% | +59.6% |
| 2024 | +6.6% | -25.2% |
| 2025 | -32.4% | -45.7% |
| 2026 | -25.8% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASAN and LULU good diversifiers for each other?
Reasonably. At 0.41, ASAN and LULU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ASAN and LULU?
As of 2026-08-27, the correlation of weekly returns between ASAN and LULU is 0.41 over 3 years, 0.20 over 1 year and 0.40 over 5 years.
Is LULU a good diversifier for ASAN?
Reasonably. At 0.41, ASAN and LULU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/asan-vs-lulu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asan-vs-lulu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASAN correlations · LULU correlations
