EQH vs LNC: Correlation
Equitable Holdings, Inc. (EQH) and Lincoln National Corporation (LNC) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQH and LNC?
Over the past 3 years, EQH and LNC moved with a correlation of 0.71, which is strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 652.9 %².
Among the 20 assets we track against EQH, LNC ranks #5 by 3-year correlation. On 12-month performance LNC holds a 11.6-point edge, -4.2% against +7.4%.
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.
EQH vs LNC: side by side
| EQH (Equitable Holdings, Inc.) | LNC (Lincoln National Corporation) | |
|---|---|---|
| 1-year return | -4.2% | +7.4% |
| 5-year return | +83.5% | -18.1% |
| Volatility (ann.) | 27.3% | 33.9% |
| Beta vs S&P 500 | 1.19 | 1.14 |
| Max drawdown (3Y) | -35.8% | -29.1% |
| Market cap | $13.7B | $8.3B |
| P/E (trailing) | – | 3.7 |
| Dividend yield | 2.29% | 4.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQH | LNC |
|---|---|---|
| 2022 | -10.2% | -53.5% |
| 2023 | +19.6% | -5.6% |
| 2024 | +45.0% | +24.8% |
| 2025 | +3.2% | +48.0% |
| 2026 | +7.4% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQH and LNC good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EQH and LNC?
The EQH/LNC correlation stands at 0.71 on a 3-year window (1 year: 0.64, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is LNC a good diversifier for EQH?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
A reading of 0.71 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
$ curl https://www.pairbook.io/api/v1/pairs/eqh-vs-lnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqh-vs-lnc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQH correlations · LNC correlations
