CVLG vs LCUT: Correlation
How closely do Covenant Logistics Group, Inc. (CVLG) and Lifetime Brands, Inc. (LCUT) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVLG and LCUT?
Over the past 3 years, CVLG and LCUT moved with a correlation of 0.35, which is moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.35). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 846.5 %².
LCUT is close to the least connected end of CVLG's tracked universe, ranking #14 of 18. Correlation aside, the last 12 months split them widely, with LCUT ahead by 92.4 points (+47.1% versus +139.5%). Risk is not evenly split, since LCUT 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.
CVLG vs LCUT: side by side
| CVLG (Covenant Logistics Group, Inc.) | LCUT (Lifetime Brands, Inc.) | |
|---|---|---|
| 1-year return | +47.1% | +139.5% |
| 5-year return | +200.1% | -41.8% |
| Volatility (ann.) | 37.9% | 64.8% |
| Beta vs S&P 500 | 1.02 | 0.81 |
| Max drawdown (3Y) | -41.3% | -73.3% |
| Market cap | $0.9B | $0.2B |
| P/E (trailing) | 710.6 | 6.3 |
| Dividend yield | 0.79% | 1.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVLG | LCUT |
|---|---|---|
| 2022 | +32.2% | -51.8% |
| 2023 | +34.6% | -8.9% |
| 2024 | +19.4% | -9.9% |
| 2025 | -18.2% | -30.3% |
| 2026 | +61.9% | +138.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVLG and LCUT good diversifiers for each other?
Reasonably. At 0.35, CVLG and LCUT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CVLG and LCUT?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.22 over the last year and 0.29 over 5 years.
Is LCUT a good diversifier for CVLG?
Reasonably. At 0.35, CVLG and LCUT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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/cvlg-vs-lcut.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvlg-vs-lcut/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVLG correlations · LCUT correlations
