COKE vs LMAT: Correlation
Coca-Cola Consolidated, Inc. (COKE) and LeMaitre Vascular, Inc. (LMAT) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COKE and LMAT?
On 3 years of weekly data the COKE/LMAT correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. The 5-year figure is 0.25, and annualized covariance runs at 406.2 %².
In COKE's tracked universe of 10 assets, LMAT sits right near the top at #3. Correlation aside, the last 12 months split them widely, with COKE ahead by 82.7 points (+66.8% versus -15.9%).
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.
COKE vs LMAT: side by side
| COKE (Coca-Cola Consolidated, Inc.) | LMAT (LeMaitre Vascular, Inc.) | |
|---|---|---|
| 1-year return | +66.8% | -15.9% |
| 5-year return | +408.3% | +47.2% |
| Volatility (ann.) | 34.3% | 35.0% |
| Beta vs S&P 500 | 0.28 | 0.57 |
| Max drawdown (3Y) | -27.4% | -32.5% |
| Market cap | $13.0B | $1.8B |
| P/E (trailing) | 25.8 | 27.9 |
| Dividend yield | 0.52% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COKE | LMAT |
|---|---|---|
| 2022 | -17.1% | -7.4% |
| 2023 | +82.9% | +24.6% |
| 2024 | +38.7% | +63.6% |
| 2025 | +22.6% | -11.2% |
| 2026 | +27.5% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COKE and LMAT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between COKE and LMAT?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.31 over the last year and 0.25 over 5 years.
Is LMAT a good diversifier for COKE?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: COKE correlations · LMAT correlations
