BBWI vs LULU: Correlation
Bath & Body Works, Inc. (BBWI) and Lululemon Athletica (LULU) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBWI and LULU?
Over the past 3 years, BBWI and LULU moved with a correlation of 0.41, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 869.3 %².
Within BBWI's tracked universe of 14 assets, LULU comes in at #8 by 3-year correlation. Over the last 12 months BBWI came out ahead by 5.8 percentage points (-38.3% against -44.1%).
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.
BBWI vs LULU: side by side
| BBWI (Bath & Body Works, Inc.) | LULU (Lululemon Athletica) | |
|---|---|---|
| 1-year return | -38.3% | -44.1% |
| 5-year return | -69.3% | -72.3% |
| Volatility (ann.) | 50.5% | 41.8% |
| Beta vs S&P 500 | 1.37 | 0.98 |
| Max drawdown (3Y) | -70.0% | -79.4% |
| Market cap | $3.8B | $13.1B |
| P/E (trailing) | 5.0 | 9.4 |
| Dividend yield | 2.12% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BBWI | LULU |
|---|---|---|
| 2022 | -38.4% | -18.2% |
| 2023 | +4.7% | +59.6% |
| 2024 | -8.3% | -25.2% |
| 2025 | -46.5% | -45.7% |
| 2026 | -4.3% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBWI and LULU good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BBWI and LULU?
As of 2026-08-27, the correlation of weekly returns between BBWI and LULU is 0.41 over 3 years, 0.45 over 1 year and 0.42 over 5 years.
Is LULU a good diversifier for BBWI?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbwi-vs-lulu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbwi-vs-lulu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBWI correlations · LULU correlations
