DTI vs LW: Correlation
Drilling Tools International Corporation (DTI) and Lamb Weston Holdings, Inc. (LW) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTI and LW?
Over the past 3 years, DTI and LW moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.25 over 3. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -711.7 %².
Out of 13 assets tracked against DTI, LW lands near the bottom at #13. The last year tells two different stories: DTI led by 30.8 percentage points, +30.5% for DTI against -0.3% for LW. Risk is not evenly split, since DTI carries 1.5 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.
DTI vs LW: side by side
| DTI (Drilling Tools International Corporation) | LW (Lamb Weston Holdings, Inc.) | |
|---|---|---|
| 1-year return | +30.5% | -0.3% |
| 5-year return | -74.8% | -6.1% |
| Volatility (ann.) | 65.4% | 43.2% |
| Beta vs S&P 500 | 0.96 | 0.44 |
| Max drawdown (3Y) | -75.0% | -63.1% |
| Market cap | $0.1B | $7.5B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | 0.00% | 2.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DTI | LW |
|---|---|---|
| 2022 | +4.0% | +42.9% |
| 2023 | -68.7% | +22.3% |
| 2024 | +2.2% | -37.0% |
| 2025 | -25.1% | -35.7% |
| 2026 | +1.2% | +34.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTI and LW good diversifiers for each other?
Yes. With a correlation of -0.25, DTI and LW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DTI and LW?
The DTI/LW correlation stands at -0.25 on a 3-year window (1 year: -0.15, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is LW a good diversifier for DTI?
Yes. With a correlation of -0.25, DTI and LW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/dti-vs-lw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dti-vs-lw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DTI correlations · LW correlations
