LB vs PACS: Correlation
How closely do LandBridge Company LLC Class A Shares Representing Limited (LB) and PACS Group, Inc. (PACS) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LB and PACS?
Over the past 3 years, LB and PACS moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.28). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2246.3 %².
Out of 15 assets tracked against LB, PACS lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with PACS ahead by 199.8 points (+73.2% versus +273.0%). One caveat on sizing: PACS is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LB vs PACS: side by side
| LB (LandBridge Company LLC Class A Shares Representing Limited) | PACS (PACS Group, Inc.) | |
|---|---|---|
| 1-year return | +73.2% | +273.0% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 63.4% | 120.5% |
| Beta vs S&P 500 | 1.65 | 0.06 |
| Max drawdown (3Y) | -48.2% | -82.0% |
| Market cap | $6.9B | $7.0B |
| P/E (trailing) | 79.0 | 25.9 |
| Dividend yield | 0.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Are LB and PACS good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between LB and PACS?
As of 2026-08-27, the correlation of weekly returns between LB and PACS is -0.28 over 3 years, -0.45 over 1 year and n/a over 5 years.
Is PACS a good diversifier for LB?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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: LB correlations · PACS correlations
