LAR vs SLI: Correlation
How closely do Lithium Argentina AG (LAR) and Standard Lithium Ltd. (SLI) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAR and SLI?
On 3 years of weekly data the LAR/SLI correlation comes out at 0.57, moderate. The link has tightened recently: the 1-year correlation (0.69) runs above the 3-year figure (0.57). The 5-year figure is 0.60, and annualized covariance runs at 2983.8 %².
By 3-year correlation, SLI places #6 of the 16 assets tracked against LAR. The last year tells two different stories: LAR led by 124.7 percentage points, +113.9% for LAR against -10.8% for SLI.
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.
LAR vs SLI: side by side
| LAR (Lithium Argentina AG) | SLI (Standard Lithium Ltd.) | |
|---|---|---|
| 1-year return | +113.9% | -10.8% |
| 5-year return | -12.4% | -51.8% |
| Volatility (ann.) | 67.6% | 77.0% |
| Beta vs S&P 500 | 1.61 | 1.21 |
| Max drawdown (3Y) | -79.6% | -69.9% |
| Market cap | $1.1B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAR | SLI |
|---|---|---|
| 2022 | -34.9% | -69.9% |
| 2023 | -17.2% | -31.5% |
| 2024 | -58.5% | -27.7% |
| 2025 | +113.0% | +206.2% |
| 2026 | +23.8% | -40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAR and SLI good diversifiers for each other?
Only partially. A correlation of 0.57 means LAR and SLI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LAR and SLI?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.69 over the last year and 0.60 over 5 years.
Is SLI a good diversifier for LAR?
Only partially. A correlation of 0.57 means LAR and SLI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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/lar-vs-sli.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lar-vs-sli/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LAR correlations · SLI correlations
