DE vs LNN: Correlation
How closely do Deere & Company (DE) and Lindsay Corporation (LNN) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and LNN?
Over the past 3 years, DE and LNN moved with a correlation of 0.49, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.49 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 352.9 %².
Among the 33 assets we track against DE, LNN ranks #21 by 3-year correlation. The last year tells two different stories: DE led by 45.5 percentage points, +27.9% for DE against -17.6% for LNN.
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.
DE vs LNN: side by side
| DE (Deere & Company) | LNN (Lindsay Corporation) | |
|---|---|---|
| 1-year return | +27.9% | -17.6% |
| 5-year return | +74.5% | -27.8% |
| Volatility (ann.) | 26.7% | 26.8% |
| Beta vs S&P 500 | 0.65 | 0.46 |
| Max drawdown (3Y) | -19.9% | -30.0% |
| Market cap | $168.1B | $1.2B |
| P/E (trailing) | 35.2 | 21.9 |
| Dividend yield | 1.02% | 1.30% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DE | LNN |
|---|---|---|
| 2022 | +26.6% | +8.1% |
| 2023 | -5.5% | -19.8% |
| 2024 | +7.6% | -7.3% |
| 2025 | +11.4% | +0.8% |
| 2026 | +34.5% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and LNN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DE and LNN?
The DE/LNN correlation stands at 0.49 on a 3-year window (1 year: 0.41, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is LNN a good diversifier for DE?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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/de-vs-lnn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/de-vs-lnn/)
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Related comparisons
Hubs: DE correlations · LNN correlations
