GAP vs LPA: Correlation
Measured on weekly returns over the past three years, Gap, Inc. (The) (GAP) and Logistic Properties of the Americas (LPA) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAP and LPA?
On 3 years of weekly data the GAP/LPA correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.01) than the 3-year average (0.51). The 5-year figure is n/a, and annualized covariance runs at 14279.5 %².
In GAP's tracked universe of 11 assets, LPA sits right near the top at #1. The last year tells two different stories: GAP led by 48.4 percentage points, -3.9% for GAP against -52.3% for LPA. One caveat on sizing: LPA is 10.0 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.
GAP vs LPA: side by side
| GAP (Gap, Inc. (The)) | LPA (Logistic Properties of the Americas) | |
|---|---|---|
| 1-year return | -3.9% | -52.3% |
| 5-year return | -5.3% | n/a |
| Volatility (ann.) | 54.0% | 540.6% |
| Beta vs S&P 500 | 1.17 | -0.73 |
| Max drawdown (3Y) | -38.0% | -99.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | 8.4 | 5.7 |
| Dividend yield | 3.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GAP | LPA |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +96.7% | – |
| 2024 | +16.1% | – |
| 2025 | +11.7% | -74.5% |
| 2026 | -16.9% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAP and LPA good diversifiers for each other?
Only partially. A correlation of 0.51 means GAP and LPA 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 GAP and LPA?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.01 over the last year and n/a over 5 years.
Is LPA a good diversifier for GAP?
Only partially. A correlation of 0.51 means GAP and LPA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gap-vs-lpa.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gap-vs-lpa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GAP correlations · LPA correlations
