AXIL vs LAKE: Correlation
Measured on weekly returns over the past three years, AXIL Brands, Inc. (AXIL) and Lakeland Industries, Inc. (LAKE) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXIL and LAKE?
On 3 years of weekly data the AXIL/LAKE correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.26 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -1445.8 %².
Out of 12 assets tracked against AXIL, LAKE lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with AXIL ahead by 24.8 points (+2.3% versus -22.5%). Risk is not evenly split, since AXIL carries 1.7 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.
AXIL vs LAKE: side by side
| AXIL (AXIL Brands, Inc.) | LAKE (Lakeland Industries, Inc.) | |
|---|---|---|
| 1-year return | +2.3% | -22.5% |
| 5-year return | n/a | -49.3% |
| Volatility (ann.) | 94.8% | 55.0% |
| Beta vs S&P 500 | 0.78 | 1.32 |
| Max drawdown (3Y) | -74.3% | -71.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | 18.6 | – |
| Dividend yield | 0.00% | 0.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXIL | LAKE |
|---|---|---|
| 2022 | – | -38.7% |
| 2023 | – | +40.6% |
| 2024 | – | +38.7% |
| 2025 | +79.5% | -65.2% |
| 2026 | -8.5% | +35.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXIL and LAKE good diversifiers for each other?
Yes. With a correlation of -0.26, AXIL and LAKE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AXIL and LAKE?
As of 2026-08-27, the correlation of weekly returns between AXIL and LAKE is -0.26 over 3 years, -0.47 over 1 year and n/a over 5 years.
Is LAKE a good diversifier for AXIL?
Yes. With a correlation of -0.26, AXIL and LAKE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/axil-vs-lake.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axil-vs-lake/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AXIL correlations · LAKE correlations
