DLX vs LMAT: Correlation
Deluxe Corporation (DLX) and LeMaitre Vascular, Inc. (LMAT) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLX and LMAT?
On 3 years of weekly data the DLX/LMAT correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 580.4 %².
Among the 20 assets we track against DLX, LMAT ranks #10 by 3-year correlation. The last year tells two different stories: DLX led by 41.2 percentage points, +25.3% for DLX against -15.9% for LMAT.
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.
DLX vs LMAT: side by side
| DLX (Deluxe Corporation) | LMAT (LeMaitre Vascular, Inc.) | |
|---|---|---|
| 1-year return | +25.3% | -15.9% |
| 5-year return | -19.3% | +47.2% |
| Volatility (ann.) | 39.8% | 35.0% |
| Beta vs S&P 500 | 1.08 | 0.57 |
| Max drawdown (3Y) | -40.9% | -32.5% |
| Market cap | $1.1B | $1.8B |
| P/E (trailing) | 10.8 | 27.9 |
| Dividend yield | 5.08% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DLX | LMAT |
|---|---|---|
| 2022 | -44.4% | -7.4% |
| 2023 | +34.9% | +24.6% |
| 2024 | +11.3% | +63.6% |
| 2025 | +5.6% | -11.2% |
| 2026 | +9.5% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLX and LMAT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DLX and LMAT?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.32 over the last year and 0.26 over 5 years.
Is LMAT a good diversifier for DLX?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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.
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Related comparisons
Hubs: DLX correlations · LMAT correlations
