LAC vs SHFS: Correlation
How closely do Lithium Americas Corp. (LAC) and SHF Holdings, Inc. (SHFS) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAC and SHFS?
Over the past 3 years, LAC and SHFS moved with a correlation of 0.39, which is moderate. The link has tightened recently: the 1-year correlation (0.57) runs above the 3-year figure (0.39). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 5294.1 %².
Within LAC's tracked universe of 21 assets, SHFS comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LAC ahead by 99.3 points (+6.4% versus -92.9%). Risk is not evenly split, since SHFS carries 1.6 times the volatility of the other side.
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.
LAC vs SHFS: side by side
| LAC (Lithium Americas Corp.) | SHFS (SHF Holdings, Inc.) | |
|---|---|---|
| 1-year return | +6.4% | -92.9% |
| 5-year return | n/a | -99.9% |
| Volatility (ann.) | 93.5% | 150.8% |
| Beta vs S&P 500 | 1.37 | 1.27 |
| Max drawdown (3Y) | -81.8% | -99.4% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAC | SHFS |
|---|---|---|
| 2022 | – | -82.4% |
| 2023 | – | -20.0% |
| 2024 | -53.6% | -68.3% |
| 2025 | +46.8% | -88.2% |
| 2026 | -27.3% | -84.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAC and SHFS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LAC and SHFS?
The LAC/SHFS correlation stands at 0.39 on a 3-year window (1 year: 0.57, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SHFS a good diversifier for LAC?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LAC correlations · SHFS correlations
