LDI vs STHO: Correlation
How closely do loanDepot, Inc. (LDI) and Star Holdings - Shares of Beneficial Interest (STHO) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LDI and STHO?
On 3 years of weekly data the LDI/STHO correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.48 over 3. The 5-year figure is n/a, and annualized covariance runs at 1476.7 %².
Within LDI's tracked universe of 13 assets, STHO comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months STHO outperformed by 70.4 percentage points (-53.7% for LDI against +16.7% for STHO). Risk is not evenly split, since LDI carries 2.4 times the volatility of the other side.
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.
LDI vs STHO: side by side
| LDI (loanDepot, Inc.) | STHO (Star Holdings - Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -53.7% | +16.7% |
| 5-year return | -87.7% | n/a |
| Volatility (ann.) | 85.9% | 35.5% |
| Beta vs S&P 500 | 1.47 | 0.88 |
| Max drawdown (3Y) | -81.3% | -59.4% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | 8.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LDI | STHO |
|---|---|---|
| 2022 | -64.9% | – |
| 2023 | +113.3% | – |
| 2024 | -42.0% | -35.0% |
| 2025 | +1.5% | -15.4% |
| 2026 | -53.0% | +19.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDI and STHO good diversifiers for each other?
Reasonably. At 0.48, LDI and STHO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LDI and STHO?
As of 2026-08-27, the correlation of weekly returns between LDI and STHO is 0.48 over 3 years, 0.45 over 1 year and n/a over 5 years.
Is STHO a good diversifier for LDI?
Reasonably. At 0.48, LDI and STHO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ldi-vs-stho.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ldi-vs-stho/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LDI correlations · STHO correlations
