AZO vs LEN: Correlation
AutoZone (AZO) and Lennar (LEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZO and LEN?
Across a 3-year window, the weekly returns of AZO and LEN correlate at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 246.1 %².
Among the 30 assets we track against AZO, LEN ranks #16 by 3-year correlation. Neither side won the trailing year by much: -30.3% against -34.9%. Across three years, the rolling one-year figure varied moderately, from 0.18 to 0.45.
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.
AZO vs LEN: side by side
| AZO (AutoZone) | LEN (Lennar) | |
|---|---|---|
| 1-year return | -30.3% | -34.9% |
| 5-year return | +88.5% | -11.7% |
| Volatility (ann.) | 23.2% | 32.6% |
| Beta vs S&P 500 | 0.31 | 0.84 |
| Max drawdown (3Y) | -32.9% | -54.5% |
| Market cap | – | $20.5B |
| P/E (trailing) | 20.6 | 13.7 |
| Dividend yield | 0.00% | 2.29% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | AZO | LEN |
|---|---|---|
| 2022 | +17.6% | -20.6% |
| 2023 | +4.8% | +66.9% |
| 2024 | +23.8% | -7.3% |
| 2025 | +5.9% | -20.8% |
| 2026 | -13.5% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZO and LEN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AZO and LEN?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.36 over the last year and 0.33 over 5 years.
Is LEN a good diversifier for AZO?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/azo-vs-len.json
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[](https://www.pairbook.io/pair/azo-vs-len/)
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Related comparisons
Hubs: AZO correlations · LEN correlations
