IRDM vs LGCL: Correlation
Iridium Communications Inc (IRDM) and Lucas GC Limited - Class A (LGCL) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IRDM and LGCL?
Across a 3-year window, the weekly returns of IRDM and LGCL correlate at 0.33, moderate. The past 12 months show a tighter link (0.50) than the 3-year average (0.33). Stretching to 5 years gives n/a, with an annualized covariance of 2717.8 %².
Among the 12 assets we track against IRDM, LGCL ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IRDM outperformed by 195.1 percentage points (+95.4% for IRDM against -99.7% for LGCL). Note the risk asymmetry: LGCL runs 3.2 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.
IRDM vs LGCL: side by side
| IRDM (Iridium Communications Inc) | LGCL (Lucas GC Limited - Class A) | |
|---|---|---|
| 1-year return | +95.4% | -99.7% |
| 5-year return | +8.5% | n/a |
| Volatility (ann.) | 49.3% | 159.1% |
| Beta vs S&P 500 | 0.85 | 1.88 |
| Max drawdown (3Y) | -67.5% | -100.0% |
| Market cap | $5.0B | – |
| P/E (trailing) | 54.1 | 0.1 |
| Dividend yield | 1.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IRDM | LGCL |
|---|---|---|
| 2022 | +24.5% | – |
| 2023 | -19.1% | – |
| 2024 | -28.1% | – |
| 2025 | -38.5% | -91.0% |
| 2026 | +176.6% | -97.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IRDM and LGCL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IRDM and LGCL?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.50 over the last year and n/a over 5 years.
Is LGCL a good diversifier for IRDM?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: IRDM correlations · LGCL correlations
