LCUT vs SPY: Correlation
How closely do Lifetime Brands, Inc. (LCUT) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCUT and SPY?
Over the past 3 years, LCUT and SPY moved with a correlation of 0.18, which is weak. Recent behaviour matches the longer record: 0.11 over 1 year against 0.18 over 3. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 169.5 %².
Out of 10 assets tracked against LCUT, SPY lands near the bottom at #6. Their recent paths diverged sharply: over the last 12 months LCUT outperformed by 118.9 percentage points (+139.5% for LCUT against +20.6% for SPY). One caveat on sizing: LCUT is 4.5 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.
LCUT vs SPY: side by side
| LCUT (Lifetime Brands, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +139.5% | +20.6% |
| 5-year return | -41.8% | +82.4% |
| Volatility (ann.) | 64.8% | 14.5% |
| Beta vs S&P 500 | 0.81 | 1.00 |
| Max drawdown (3Y) | -73.3% | -18.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 1.86% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | LCUT | SPY |
|---|---|---|
| 2022 | -51.8% | -18.2% |
| 2023 | -8.9% | +26.2% |
| 2024 | -9.9% | +24.9% |
| 2025 | -30.3% | +17.7% |
| 2026 | +138.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCUT and SPY good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LCUT and SPY?
As of 2026-08-27, the correlation of weekly returns between LCUT and SPY is 0.18 over 3 years, 0.11 over 1 year and 0.26 over 5 years.
Is SPY a good diversifier for LCUT?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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/lcut-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lcut-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LCUT correlations · SPY correlations
