DRI vs LOW: Correlation
Darden Restaurants (DRI) and Lowe's (LOW) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRI and LOW?
Over the past 3 years, DRI and LOW moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 223.4 %².
By 3-year correlation, LOW places #18 of the 34 assets tracked against DRI. The last year tells two different stories: DRI led by 24.0 percentage points, +5.6% for DRI against -18.4% for LOW. On a rolling one-year basis the correlation drifted between 0.16 and 0.48, a moderate band.
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.
DRI vs LOW: side by side
| DRI (Darden Restaurants) | LOW (Lowe's) | |
|---|---|---|
| 1-year return | +5.6% | -18.4% |
| 5-year return | +66.1% | +11.1% |
| Volatility (ann.) | 25.2% | 24.8% |
| Beta vs S&P 500 | 0.52 | 0.83 |
| Max drawdown (3Y) | -23.9% | -29.0% |
| Market cap | $24.0B | – |
| P/E (trailing) | 21.0 | 17.8 |
| Dividend yield | 2.74% | 2.31% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | DRI | LOW |
|---|---|---|
| 2022 | -4.8% | -21.5% |
| 2023 | +22.8% | +14.0% |
| 2024 | +17.7% | +13.0% |
| 2025 | +1.6% | -0.3% |
| 2026 | +17.4% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRI and LOW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DRI and LOW?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.44 over the last year and 0.37 over 5 years.
Is LOW a good diversifier for DRI?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DRI correlations · LOW correlations
