IIIV vs LZ: Correlation
Measured on weekly returns over the past three years, i3 Verticals, Inc. (IIIV) and LegalZoom.com, Inc. (LZ) 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 IIIV and LZ?
On 3 years of weekly data the IIIV/LZ correlation comes out at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.49). The 5-year figure is 0.31, and annualized covariance runs at 953.3 %².
Few assets follow IIIV as closely as LZ, which ranks #1 of 11 tracked partners. Neither side won the trailing year by much: -47.2% against -45.9%.
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.
IIIV vs LZ: side by side
| IIIV (i3 Verticals, Inc.) | LZ (LegalZoom.com, Inc.) | |
|---|---|---|
| 1-year return | -47.2% | -45.9% |
| 5-year return | -43.7% | -82.4% |
| Volatility (ann.) | 37.8% | 51.4% |
| Beta vs S&P 500 | 0.59 | 0.94 |
| Max drawdown (3Y) | -51.7% | -60.0% |
| Market cap | $0.4B | $1.0B |
| P/E (trailing) | 58.4 | 67.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IIIV | LZ |
|---|---|---|
| 2022 | +6.8% | -51.8% |
| 2023 | -13.0% | +46.0% |
| 2024 | +8.8% | -33.5% |
| 2025 | +9.3% | +32.2% |
| 2026 | -35.1% | -39.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IIIV and LZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IIIV and LZ?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.61 over the last year and 0.31 over 5 years.
Is LZ a good diversifier for IIIV?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
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/iiiv-vs-lz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/iiiv-vs-lz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IIIV correlations · LZ correlations
