IDT vs LEE: Correlation
How closely do IDT Corporation (IDT) and Lee Enterprises, Incorporated (LEE) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDT and LEE?
Over the past 3 years, IDT and LEE moved with a correlation of 0.31, which is moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.31). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 833.6 %².
Within IDT's tracked universe of 14 assets, LEE comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LEE outperformed by 84.8 percentage points (+9.1% for IDT against +93.9% for LEE). Note the risk asymmetry: LEE runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
IDT vs LEE: side by side
| IDT (IDT Corporation) | LEE (Lee Enterprises, Incorporated) | |
|---|---|---|
| 1-year return | +9.1% | +93.9% |
| 5-year return | +58.8% | -67.6% |
| Volatility (ann.) | 34.0% | 79.2% |
| Beta vs S&P 500 | 0.70 | 0.72 |
| Max drawdown (3Y) | -33.2% | -82.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | 21.2 | – |
| Dividend yield | 0.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IDT | LEE |
|---|---|---|
| 2022 | -36.2% | -46.3% |
| 2023 | +21.0% | -57.6% |
| 2024 | +40.1% | +87.8% |
| 2025 | +8.2% | -67.6% |
| 2026 | +34.8% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDT and LEE good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IDT and LEE?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.14 over the last year and 0.20 over 5 years.
Is LEE a good diversifier for IDT?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 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.
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Related comparisons
Hubs: IDT correlations · LEE correlations
