LAC vs WHF: Correlation
Measured on weekly returns over the past three years, Lithium Americas Corp. (LAC) and WhiteHorse Finance, Inc. - Closed End Fund (WHF) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAC and WHF?
Across a 3-year window, the weekly returns of LAC and WHF correlate at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (-0.18). Stretching to 5 years gives n/a, with an annualized covariance of -375.2 %².
WHF is close to the least connected end of LAC's tracked universe, ranking #21 of 21. Over the last 12 months LAC came out ahead by 8.9 percentage points (+6.4% against -2.5%). Risk is not evenly split, since LAC carries 4.1 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 WHF: side by side
| LAC (Lithium Americas Corp.) | WHF (WhiteHorse Finance, Inc. - Closed End Fund) | |
|---|---|---|
| 1-year return | +6.4% | -2.5% |
| 5-year return | n/a | -11.5% |
| Volatility (ann.) | 93.5% | 22.6% |
| Beta vs S&P 500 | 1.37 | 0.25 |
| Max drawdown (3Y) | -81.8% | -37.9% |
| Market cap | $1.2B | $0.2B |
| P/E (trailing) | – | 9.1 |
| Dividend yield | 0.00% | 16.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAC | WHF |
|---|---|---|
| 2022 | – | -6.2% |
| 2023 | – | +6.3% |
| 2024 | -53.6% | -8.5% |
| 2025 | +46.8% | -15.4% |
| 2026 | -27.3% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAC and WHF good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between LAC and WHF?
The LAC/WHF correlation stands at -0.18 on a 3-year window (1 year: -0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WHF a good diversifier for LAC?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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.
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Related comparisons
Hubs: LAC correlations · WHF correlations
