LANV vs STLD: Correlation
Lanvin Group Holdings Limited (LANV) and Steel Dynamics (STLD) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LANV and STLD?
Across a 3-year window, the weekly returns of LANV and STLD correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.09) than the 3-year average (-0.26). Stretching to 5 years gives -0.17, with an annualized covariance of -629.0 %².
Within LANV's tracked universe of 52 assets, STLD comes in at #46 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STLD ahead by 130.3 points (-50.5% versus +79.8%). Note the risk asymmetry: LANV runs 2.0 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.
LANV vs STLD: side by side
| LANV (Lanvin Group Holdings Limited) | STLD (Steel Dynamics) | |
|---|---|---|
| 1-year return | -50.5% | +79.8% |
| 5-year return | -89.7% | +262.0% |
| Volatility (ann.) | 69.7% | 34.5% |
| Beta vs S&P 500 | -0.15 | 1.13 |
| Max drawdown (3Y) | -78.6% | -28.7% |
| Market cap | $0.1B | $33.8B |
| P/E (trailing) | – | 21.4 |
| Dividend yield | 0.00% | 0.87% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | LANV | STLD |
|---|---|---|
| 2022 | -6.1% | +60.1% |
| 2023 | -67.7% | +22.8% |
| 2024 | -31.9% | -2.0% |
| 2025 | +0.0% | +50.7% |
| 2026 | -50.2% | +39.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LANV and STLD good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between LANV and STLD?
The LANV/STLD correlation stands at -0.26 on a 3-year window (1 year: -0.09, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is STLD a good diversifier for LANV?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/lanv-vs-stld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lanv-vs-stld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LANV correlations · STLD correlations
