IA vs LW: Correlation
Innovative Solutions and Support, Inc. (IA) and Lamb Weston Holdings, Inc. (LW) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IA and LW?
Over the past 3 years, IA and LW moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.46) than the 3-year average (-0.24). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -683.3 %².
Out of 10 assets tracked against IA, LW lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months IA outperformed by 58.0 percentage points (+57.7% for IA against -0.3% for LW). One caveat on sizing: IA is 1.6 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.
IA vs LW: side by side
| IA (Innovative Solutions and Support, Inc.) | LW (Lamb Weston Holdings, Inc.) | |
|---|---|---|
| 1-year return | +57.7% | -0.3% |
| 5-year return | +202.0% | -6.1% |
| Volatility (ann.) | 67.2% | 43.2% |
| Beta vs S&P 500 | 1.21 | 0.44 |
| Max drawdown (3Y) | -57.8% | -63.1% |
| Market cap | $0.4B | $7.5B |
| P/E (trailing) | 20.4 | 26.6 |
| Dividend yield | 0.00% | 2.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IA | LW |
|---|---|---|
| 2022 | +25.3% | +42.9% |
| 2023 | +3.8% | +22.3% |
| 2024 | +0.1% | -37.0% |
| 2025 | +121.8% | -35.7% |
| 2026 | +11.8% | +34.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IA and LW good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between IA and LW?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.46 over the last year and -0.19 over 5 years.
Is LW a good diversifier for IA?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/ia-vs-lw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ia-vs-lw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IA correlations · LW correlations
