HVT vs LZB: Correlation
Measured on weekly returns over the past three years, Haverty Furniture Companies, Inc. (HVT) and La-Z-Boy Incorporated (LZB) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HVT and LZB?
Over the past 3 years, HVT and LZB moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 653.3 %².
Among the 17 assets we track against HVT, LZB ranks #7 by 3-year correlation. The last year tells two different stories: HVT led by 35.4 percentage points, +26.5% for HVT against -8.9% for LZB.
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.
HVT vs LZB: side by side
| HVT (Haverty Furniture Companies, Inc.) | LZB (La-Z-Boy Incorporated) | |
|---|---|---|
| 1-year return | +26.5% | -8.9% |
| 5-year return | +8.2% | +3.8% |
| Volatility (ann.) | 34.8% | 33.7% |
| Beta vs S&P 500 | 1.02 | 0.78 |
| Max drawdown (3Y) | -50.1% | -37.9% |
| Market cap | $0.4B | $1.3B |
| P/E (trailing) | 19.7 | 16.4 |
| Dividend yield | 4.81% | 2.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HVT | LZB |
|---|---|---|
| 2022 | +4.8% | -35.5% |
| 2023 | +27.2% | +65.7% |
| 2024 | -34.4% | +20.4% |
| 2025 | +11.2% | -12.5% |
| 2026 | +22.2% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HVT and LZB good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HVT and LZB?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.58 over the last year and 0.58 over 5 years.
Is LZB a good diversifier for HVT?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 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/hvt-vs-lzb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hvt-vs-lzb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HVT correlations · LZB correlations
