COO vs LVWR: Correlation
How closely do Cooper Companies (The) (COO) and LiveWire Group, Inc. (LVWR) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and LVWR?
On 3 years of weekly data the COO/LVWR correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.21 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -1325.4 %².
Within COO's tracked universe of 38 assets, LVWR comes in at #30 by 3-year correlation. Correlation aside, the last 12 months split them widely, with COO ahead by 60.9 points (-4.3% versus -65.2%). One caveat on sizing: LVWR is 8.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
COO vs LVWR: side by side
| COO (Cooper Companies (The)) | LVWR (LiveWire Group, Inc.) | |
|---|---|---|
| 1-year return | -4.3% | -65.2% |
| 5-year return | -36.8% | -86.0% |
| Volatility (ann.) | 27.7% | 230.4% |
| Beta vs S&P 500 | 0.69 | 2.09 |
| Max drawdown (3Y) | -47.0% | -94.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | COO | LVWR |
|---|---|---|
| 2022 | -21.1% | -51.5% |
| 2023 | +14.5% | +133.2% |
| 2024 | -2.8% | -57.5% |
| 2025 | -10.8% | -8.1% |
| 2026 | -13.4% | -69.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and LVWR good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COO and LVWR?
As of 2026-08-27, the correlation of weekly returns between COO and LVWR is -0.21 over 3 years, -0.04 over 1 year and -0.14 over 5 years.
Is LVWR a good diversifier for COO?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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/coo-vs-lvwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/coo-vs-lvwr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COO correlations · LVWR correlations
