FEED vs LVS: Correlation
Measured on weekly returns over the past three years, ENvue Medical, Inc. (FEED) and Las Vegas Sands (LVS) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEED and LVS?
Over the past 3 years, FEED and LVS moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.15). Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -1081.6 %².
Within FEED's tracked universe of 17 assets, LVS comes in at #8 by 3-year correlation. The last year tells two different stories: LVS led by 73.4 percentage points, -93.7% for FEED against -20.3% for LVS. One caveat on sizing: FEED is 6.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FEED vs LVS: side by side
| FEED (ENvue Medical, Inc.) | LVS (Las Vegas Sands) | |
|---|---|---|
| 1-year return | -93.7% | -20.3% |
| 5-year return | -100.0% | +8.5% |
| Volatility (ann.) | 207.5% | 34.8% |
| Beta vs S&P 500 | 2.43 | 0.75 |
| Max drawdown (3Y) | -99.9% | -44.0% |
| Market cap | – | $28.7B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 0.00% | 2.49% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FEED | LVS |
|---|---|---|
| 2022 | -75.8% | +27.7% |
| 2023 | -77.2% | +3.1% |
| 2024 | -48.7% | +6.2% |
| 2025 | -96.4% | +29.5% |
| 2026 | -84.1% | -30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEED and LVS good diversifiers for each other?
Yes. With a correlation of -0.15, FEED and LVS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FEED and LVS?
As of 2026-08-27, the correlation of weekly returns between FEED and LVS is -0.15 over 3 years, -0.30 over 1 year and -0.04 over 5 years.
Is LVS a good diversifier for FEED?
Yes. With a correlation of -0.15, FEED and LVS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
A reading of -0.15 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/feed-vs-lvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/feed-vs-lvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FEED correlations · LVS correlations
