LCID vs SLDP: Correlation
Lucid Group, Inc. (LCID) and Solid Power, Inc. (SLDP) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCID and SLDP?
On 3 years of weekly data the LCID/SLDP correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (-0.02) runs below the 3-year figure (0.38). The 5-year figure is 0.42, and annualized covariance runs at 2623.5 %².
By 3-year correlation, SLDP places #5 of the 10 assets tracked against LCID. Their recent paths diverged sharply: over the last 12 months SLDP outperformed by 29.1 percentage points (-75.5% for LCID against -46.4% for SLDP).
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.
LCID vs SLDP: side by side
| LCID (Lucid Group, Inc.) | SLDP (Solid Power, Inc.) | |
|---|---|---|
| 1-year return | -75.5% | -46.4% |
| 5-year return | -97.5% | -76.1% |
| Volatility (ann.) | 78.4% | 87.4% |
| Beta vs S&P 500 | 1.25 | 1.88 |
| Max drawdown (3Y) | -92.7% | -76.5% |
| Market cap | $2.0B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCID | SLDP |
|---|---|---|
| 2022 | -82.0% | -70.9% |
| 2023 | -38.4% | -42.9% |
| 2024 | -28.3% | +30.3% |
| 2025 | -65.0% | +124.9% |
| 2026 | -51.8% | -44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCID and SLDP good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LCID and SLDP?
As of 2026-08-27, the correlation of weekly returns between LCID and SLDP is 0.38 over 3 years, -0.02 over 1 year and 0.42 over 5 years.
Is SLDP a good diversifier for LCID?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/lcid-vs-sldp.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: LCID correlations · SLDP correlations
