CWEN vs LZ: Correlation
How closely do Clearway Energy, Inc. (CWEN) and LegalZoom.com, Inc. (LZ) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWEN and LZ?
On 3 years of weekly data the CWEN/LZ correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.24 over 3 years. The 5-year figure is -0.05, and annualized covariance runs at -369.1 %².
LZ is close to the least connected end of CWEN's tracked universe, ranking #11 of 11. Correlation aside, the last 12 months split them widely, with CWEN ahead by 60.6 points (+14.7% versus -45.9%). One caveat on sizing: LZ is 1.7 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.
CWEN vs LZ: side by side
| CWEN (Clearway Energy, Inc.) | LZ (LegalZoom.com, Inc.) | |
|---|---|---|
| 1-year return | +14.7% | -45.9% |
| 5-year return | +32.0% | -82.4% |
| Volatility (ann.) | 30.0% | 51.4% |
| Beta vs S&P 500 | 0.26 | 0.94 |
| Max drawdown (3Y) | -26.0% | -60.0% |
| Market cap | $8.0B | $1.0B |
| P/E (trailing) | 37.7 | 67.2 |
| Dividend yield | 5.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWEN | LZ |
|---|---|---|
| 2022 | -7.9% | -51.8% |
| 2023 | -8.9% | +46.0% |
| 2024 | +0.9% | -33.5% |
| 2025 | +35.5% | +32.2% |
| 2026 | -0.3% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWEN and LZ good diversifiers for each other?
Yes. With a correlation of -0.24, CWEN and LZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CWEN and LZ?
The CWEN/LZ correlation stands at -0.24 on a 3-year window (1 year: -0.41, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is LZ a good diversifier for CWEN?
Yes. With a correlation of -0.24, CWEN and LZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/cwen-vs-lz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwen-vs-lz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CWEN correlations · LZ correlations
