JL vs LOVE: Correlation
Measured on weekly returns over the past three years, J-Long Group Limited - Class A (JL) and The Lovesac Company (LOVE) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JL and LOVE?
Across a 3-year window, the weekly returns of JL and LOVE correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.30) than the 3-year average (-0.28). Stretching to 5 years gives n/a, with an annualized covariance of -10485.3 %².
Within JL's tracked universe of 58 assets, LOVE comes in at #47 by 3-year correlation. Twelve-month performance is nearly a tie, at -16.4% for JL and -15.2% for LOVE. Note the risk asymmetry: JL runs 9.1 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.
JL vs LOVE: side by side
| JL (J-Long Group Limited - Class A) | LOVE (The Lovesac Company) | |
|---|---|---|
| 1-year return | -16.4% | -15.2% |
| 5-year return | n/a | -71.8% |
| Volatility (ann.) | 580.0% | 64.0% |
| Beta vs S&P 500 | -1.02 | 1.85 |
| Max drawdown (3Y) | -98.6% | -72.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | 6.5 | 64.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JL | LOVE |
|---|---|---|
| 2022 | – | -66.8% |
| 2023 | – | +16.1% |
| 2024 | – | -7.4% |
| 2025 | +67.1% | -37.7% |
| 2026 | -20.1% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JL and LOVE good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JL and LOVE?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with 0.30 over the last year and n/a over 5 years.
Is LOVE a good diversifier for JL?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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/jl-vs-love.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jl-vs-love/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JL correlations · LOVE correlations
