EVR vs LAZ: Correlation
How closely do Evercore Inc. (EVR) and Lazard, Inc. (LAZ) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVR and LAZ?
On 3 years of weekly data the EVR/LAZ correlation comes out at 0.73, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 946.4 %².
By 3-year correlation, LAZ places #9 of the 22 assets tracked against EVR. On 12-month performance EVR holds a 12.9-point edge, -9.0% against -21.9%.
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.
EVR vs LAZ: side by side
| EVR (Evercore Inc.) | LAZ (Lazard, Inc.) | |
|---|---|---|
| 1-year return | -9.0% | -21.9% |
| 5-year return | +125.5% | +14.6% |
| Volatility (ann.) | 35.8% | 36.4% |
| Beta vs S&P 500 | 1.64 | 1.49 |
| Max drawdown (3Y) | -47.9% | -44.2% |
| Market cap | $11.2B | $4.2B |
| P/E (trailing) | 16.4 | 21.1 |
| Dividend yield | 1.19% | 4.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVR | LAZ |
|---|---|---|
| 2022 | -17.6% | -16.2% |
| 2023 | +60.6% | +6.9% |
| 2024 | +64.3% | +54.8% |
| 2025 | +24.3% | -1.6% |
| 2026 | -13.7% | -8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVR and LAZ good diversifiers for each other?
To a limited degree. At 0.73 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 EVR and LAZ?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.68 over the last year and 0.74 over 5 years.
Is LAZ a good diversifier for EVR?
To a limited degree. At 0.73 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 0.73 mean?
A reading of 0.73 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/evr-vs-laz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evr-vs-laz/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVR correlations · LAZ correlations
