CYD vs LGI: Correlation
China Yuchai International Limited (CYD) and Lazard Global Total Return and Income Fund (LGI) 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 CYD and LGI?
Over the past 3 years, CYD and LGI moved with a correlation of 0.34, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.34 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 393.8 %².
Among the 11 assets we track against CYD, LGI ranks #5 by 3-year correlation. Over the last 12 months CYD came out ahead by 10.7 percentage points (+26.0% against +15.3%). Risk is not evenly split, since CYD carries 3.5 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.
CYD vs LGI: side by side
| CYD (China Yuchai International Limited) | LGI (Lazard Global Total Return and Income Fund) | |
|---|---|---|
| 1-year return | +26.0% | +15.3% |
| 5-year return | +236.2% | +38.1% |
| Volatility (ann.) | 64.2% | 18.2% |
| Beta vs S&P 500 | 1.06 | 0.97 |
| Max drawdown (3Y) | -44.5% | -22.0% |
| Market cap | – | – |
| P/E (trailing) | 13.8 | 7.2 |
| Dividend yield | 0.00% | 9.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CYD | LGI |
|---|---|---|
| 2022 | -50.3% | -20.6% |
| 2023 | +21.6% | +12.8% |
| 2024 | +17.7% | +14.4% |
| 2025 | +281.2% | +21.3% |
| 2026 | +16.0% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYD and LGI good diversifiers for each other?
Reasonably. At 0.34, CYD and LGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CYD and LGI?
As of 2026-08-27, the correlation of weekly returns between CYD and LGI is 0.34 over 3 years, 0.44 over 1 year and 0.35 over 5 years.
Is LGI a good diversifier for CYD?
Reasonably. At 0.34, CYD and LGI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/cyd-vs-lgi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cyd-vs-lgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CYD correlations · LGI correlations
