FIVE vs LULU: Correlation
How closely do Five Below, Inc. (FIVE) and Lululemon Athletica (LULU) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIVE and LULU?
Over the past 3 years, FIVE and LULU moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 1164.8 %².
Few assets follow FIVE as closely as LULU, which ranks #1 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months FIVE outperformed by 115.1 percentage points (+71.0% for FIVE against -44.1% for LULU).
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.
FIVE vs LULU: side by side
| FIVE (Five Below, Inc.) | LULU (Lululemon Athletica) | |
|---|---|---|
| 1-year return | +71.0% | -44.1% |
| 5-year return | +15.1% | -72.3% |
| Volatility (ann.) | 50.8% | 41.8% |
| Beta vs S&P 500 | 1.42 | 0.98 |
| Max drawdown (3Y) | -74.1% | -79.4% |
| Market cap | $13.7B | $13.1B |
| P/E (trailing) | 31.2 | 9.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FIVE | LULU |
|---|---|---|
| 2022 | -14.5% | -18.2% |
| 2023 | +20.5% | +59.6% |
| 2024 | -50.8% | -25.2% |
| 2025 | +79.5% | -45.7% |
| 2026 | +31.1% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIVE and LULU good diversifiers for each other?
Only partially. A correlation of 0.55 means FIVE and LULU share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FIVE and LULU?
The FIVE/LULU correlation stands at 0.55 on a 3-year window (1 year: 0.49, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is LULU a good diversifier for FIVE?
Only partially. A correlation of 0.55 means FIVE and LULU share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/five-vs-lulu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/five-vs-lulu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIVE correlations · LULU correlations
