ENOV vs LMAT: Correlation
Measured on weekly returns over the past three years, Enovis Corporation (ENOV) and LeMaitre Vascular, Inc. (LMAT) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENOV and LMAT?
On 3 years of weekly data the ENOV/LMAT correlation comes out at 0.41, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.41 over 3. The 5-year figure is 0.38, and annualized covariance runs at 593.3 %².
Within ENOV's tracked universe of 14 assets, LMAT comes in at #7 by 3-year correlation. Twelve-month performance is nearly a tie, at -20.0% for ENOV and -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.
ENOV vs LMAT: side by side
| ENOV (Enovis Corporation) | LMAT (LeMaitre Vascular, Inc.) | |
|---|---|---|
| 1-year return | -20.0% | -15.9% |
| 5-year return | -70.1% | +47.2% |
| Volatility (ann.) | 41.2% | 35.0% |
| Beta vs S&P 500 | 1.30 | 0.57 |
| Max drawdown (3Y) | -68.6% | -32.5% |
| Market cap | $1.4B | $1.8B |
| P/E (trailing) | – | 27.9 |
| Dividend yield | 0.00% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENOV | LMAT |
|---|---|---|
| 2022 | -32.4% | -7.4% |
| 2023 | +4.7% | +24.6% |
| 2024 | -21.7% | +63.6% |
| 2025 | -39.3% | -11.2% |
| 2026 | -6.8% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENOV and LMAT good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ENOV and LMAT?
The ENOV/LMAT correlation stands at 0.41 on a 3-year window (1 year: 0.42, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is LMAT a good diversifier for ENOV?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: ENOV correlations · LMAT correlations
