JELD vs LZM: Correlation
JELD-WEN Holding, Inc. (JELD) and Lifezone Metals Limited (LZM) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JELD and LZM?
Across a 3-year window, the weekly returns of JELD and LZM correlate at 0.40, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.40 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 2613.1 %².
By 3-year correlation, LZM places #7 of the 16 assets tracked against JELD. Their recent paths diverged sharply: over the last 12 months LZM outperformed by 60.4 percentage points (-63.7% for JELD against -3.3% for LZM).
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.
JELD vs LZM: side by side
| JELD (JELD-WEN Holding, Inc.) | LZM (Lifezone Metals Limited) | |
|---|---|---|
| 1-year return | -63.7% | -3.3% |
| 5-year return | -92.5% | -55.4% |
| Volatility (ann.) | 80.7% | 81.7% |
| Beta vs S&P 500 | 2.01 | 1.75 |
| Max drawdown (3Y) | -95.5% | -82.0% |
| Market cap | $0.2B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JELD | LZM |
|---|---|---|
| 2022 | -63.4% | +4.7% |
| 2023 | +95.6% | -12.9% |
| 2024 | -56.6% | -23.1% |
| 2025 | -70.0% | -38.6% |
| 2026 | -11.4% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JELD and LZM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JELD and LZM?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.56 over the last year and 0.34 over 5 years.
Is LZM a good diversifier for JELD?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jeld-vs-lzm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jeld-vs-lzm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JELD correlations · LZM correlations
