IDXX vs LGI: Correlation
Measured on weekly returns over the past three years, Idexx Laboratories (IDXX) and Lazard Global Total Return and Income Fund (LGI) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDXX and LGI?
Across a 3-year window, the weekly returns of IDXX and LGI correlate at 0.49, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.49). Stretching to 5 years gives 0.58, with an annualized covariance of 276.8 %².
By 3-year correlation, LGI places #10 of the 35 assets tracked against IDXX. The last year tells two different stories: LGI led by 30.2 percentage points, -14.9% for IDXX against +15.3% for LGI. Risk is not evenly split, since IDXX carries 1.7 times the volatility of the other side.
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.
IDXX vs LGI: side by side
| IDXX (Idexx Laboratories) | LGI (Lazard Global Total Return and Income Fund) | |
|---|---|---|
| 1-year return | -14.9% | +15.3% |
| 5-year return | -20.7% | +38.1% |
| Volatility (ann.) | 30.9% | 18.2% |
| Beta vs S&P 500 | 1.01 | 0.97 |
| Max drawdown (3Y) | -37.4% | -22.0% |
| Market cap | $42.9B | – |
| P/E (trailing) | 38.9 | 7.2 |
| Dividend yield | 0.00% | 9.55% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | IDXX | LGI |
|---|---|---|
| 2022 | -38.0% | -20.6% |
| 2023 | +36.1% | +12.8% |
| 2024 | -25.5% | +14.4% |
| 2025 | +63.6% | +21.3% |
| 2026 | -19.4% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDXX and LGI good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IDXX and LGI?
As of 2026-08-27, the correlation of weekly returns between IDXX and LGI is 0.49 over 3 years, 0.37 over 1 year and 0.58 over 5 years.
Is LGI a good diversifier for IDXX?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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/idxx-vs-lgi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/idxx-vs-lgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IDXX correlations · LGI correlations
