HELE vs LSTR: Correlation
How closely do Helen of Troy Limited (HELE) and Landstar System, Inc. (LSTR) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HELE and LSTR?
On 3 years of weekly data the HELE/LSTR correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.43 over 3. The 5-year figure is 0.42, and annualized covariance runs at 689.0 %².
Within HELE's tracked universe of 11 assets, LSTR comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LSTR outperformed by 24.5 percentage points (+15.4% for HELE against +39.9% for LSTR). One caveat on sizing: HELE is 2.0 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.
HELE vs LSTR: side by side
| HELE (Helen of Troy Limited) | LSTR (Landstar System, Inc.) | |
|---|---|---|
| 1-year return | +15.4% | +39.9% |
| 5-year return | -87.9% | +17.0% |
| Volatility (ann.) | 57.0% | 28.2% |
| Beta vs S&P 500 | 1.05 | 0.83 |
| Max drawdown (3Y) | -89.0% | -37.5% |
| Market cap | $0.7B | $6.2B |
| P/E (trailing) | – | 47.0 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HELE | LSTR |
|---|---|---|
| 2022 | -54.6% | -7.3% |
| 2023 | +8.9% | +21.2% |
| 2024 | -50.5% | -9.7% |
| 2025 | -64.5% | -14.4% |
| 2026 | +36.1% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HELE and LSTR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HELE and LSTR?
As of 2026-08-27, the correlation of weekly returns between HELE and LSTR is 0.43 over 3 years, 0.39 over 1 year and 0.42 over 5 years.
Is LSTR a good diversifier for HELE?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HELE correlations · LSTR correlations
