HLF vs LXP: Correlation
Herbalife Ltd. (HLF) and LXP Industrial Trust (LXP) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLF and LXP?
On 3 years of weekly data the HLF/LXP correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 539.6 %².
By 3-year correlation, LXP places #4 of the 12 assets tracked against HLF. The trailing year gives LXP the advantage: +30.3% versus +42.2%, a 11.9-point spread. One caveat on sizing: HLF is 2.9 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.
HLF vs LXP: side by side
| HLF (Herbalife Ltd.) | LXP (LXP Industrial Trust) | |
|---|---|---|
| 1-year return | +30.3% | +42.2% |
| 5-year return | -75.9% | +17.3% |
| Volatility (ann.) | 65.4% | 22.4% |
| Beta vs S&P 500 | 0.48 | 0.62 |
| Max drawdown (3Y) | -67.0% | -27.8% |
| Market cap | $1.3B | $3.6B |
| P/E (trailing) | 8.0 | 61.7 |
| Dividend yield | 0.00% | 4.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLF | LXP |
|---|---|---|
| 2022 | -63.6% | -33.0% |
| 2023 | +2.6% | +4.3% |
| 2024 | -56.2% | -13.2% |
| 2025 | +92.7% | +29.8% |
| 2026 | -4.2% | +26.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLF and LXP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HLF and LXP?
As of 2026-08-27, the correlation of weekly returns between HLF and LXP is 0.37 over 3 years, 0.32 over 1 year and 0.27 over 5 years.
Is LXP a good diversifier for HLF?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hlf-vs-lxp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlf-vs-lxp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HLF correlations · LXP correlations
