KO vs LNAI: Correlation
Coca-Cola Company (The) (KO) and Lunai Bioworks Inc. (LNAI) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KO and LNAI?
On 3 years of weekly data the KO/LNAI correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -593.6 %².
Within KO's tracked universe of 43 assets, LNAI comes in at #36 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KO outperformed by 121.7 percentage points (+33.1% for KO against -88.6% for LNAI). Note the risk asymmetry: LNAI runs 11.0 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.
KO vs LNAI: side by side
| KO (Coca-Cola Company (The)) | LNAI (Lunai Bioworks Inc.) | |
|---|---|---|
| 1-year return | +33.1% | -88.6% |
| 5-year return | +83.8% | -99.6% |
| Volatility (ann.) | 15.4% | 169.5% |
| Beta vs S&P 500 | 0.11 | 1.43 |
| Max drawdown (3Y) | -15.5% | -99.6% |
| Market cap | $383.2B | – |
| P/E (trailing) | 27.0 | – |
| Dividend yield | 2.31% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KO | LNAI |
|---|---|---|
| 2022 | +10.6% | -85.9% |
| 2023 | -4.4% | +207.8% |
| 2024 | +8.9% | -73.6% |
| 2025 | +15.6% | -89.4% |
| 2026 | +29.1% | -66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KO and LNAI good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KO and LNAI?
The KO/LNAI correlation stands at -0.23 on a 3-year window (1 year: -0.32, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is LNAI a good diversifier for KO?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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/ko-vs-lnai.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ko-vs-lnai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KO correlations · LNAI correlations
