DFIN vs LEG: Correlation
How closely do Donnelley Financial Solutions, Inc. (DFIN) and Leggett & Platt, Incorporated (LEG) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFIN and LEG?
Over the past 3 years, DFIN and LEG moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 1027.2 %².
Within DFIN's tracked universe of 14 assets, LEG comes in at #5 by 3-year correlation. The last year tells two different stories: LEG led by 28.3 percentage points, -15.6% for DFIN against +12.7% for LEG.
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.
DFIN vs LEG: side by side
| DFIN (Donnelley Financial Solutions, Inc.) | LEG (Leggett & Platt, Incorporated) | |
|---|---|---|
| 1-year return | -15.6% | +12.7% |
| 5-year return | +44.0% | -72.6% |
| Volatility (ann.) | 42.1% | 48.5% |
| Beta vs S&P 500 | 1.09 | 1.29 |
| Max drawdown (3Y) | -47.4% | -76.8% |
| Market cap | $1.2B | $1.3B |
| P/E (trailing) | 30.9 | 5.9 |
| Dividend yield | 0.00% | 2.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFIN | LEG |
|---|---|---|
| 2022 | -18.0% | -17.8% |
| 2023 | +61.4% | -13.5% |
| 2024 | +0.6% | -61.9% |
| 2025 | -25.6% | +17.0% |
| 2026 | +2.7% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFIN and LEG good diversifiers for each other?
Only partially. A correlation of 0.50 means DFIN and LEG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DFIN and LEG?
As of 2026-08-27, the correlation of weekly returns between DFIN and LEG is 0.50 over 3 years, 0.46 over 1 year and 0.43 over 5 years.
Is LEG a good diversifier for DFIN?
Only partially. A correlation of 0.50 means DFIN and LEG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/dfin-vs-leg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dfin-vs-leg/)
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Related comparisons
Hubs: DFIN correlations · LEG correlations
