LDI vs Z: Correlation
loanDepot, Inc. (LDI) and Zillow Group, Inc. - Class C Capital Stock (Z) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LDI and Z?
Over the past 3 years, LDI and Z moved with a correlation of 0.48, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 1910.5 %².
Within LDI's tracked universe of 13 assets, Z comes in at #5 by 3-year correlation. Neither side won the trailing year by much: -53.7% against -57.9%. Risk is not evenly split, since LDI carries 1.9 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 Z: side by side
| LDI (loanDepot, Inc.) | Z (Zillow Group, Inc. - Class C Capital Stock) | |
|---|---|---|
| 1-year return | -53.7% | -57.9% |
| 5-year return | -87.7% | -63.1% |
| Volatility (ann.) | 85.9% | 46.2% |
| Beta vs S&P 500 | 1.47 | 1.30 |
| Max drawdown (3Y) | -81.3% | -67.4% |
| Market cap | $0.4B | $8.0B |
| P/E (trailing) | – | 154.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LDI | Z |
|---|---|---|
| 2022 | -64.9% | -49.6% |
| 2023 | +113.3% | +79.6% |
| 2024 | -42.0% | +28.0% |
| 2025 | +1.5% | -7.9% |
| 2026 | -53.0% | -48.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDI and Z good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LDI and Z?
As of 2026-08-27, the correlation of weekly returns between LDI and Z is 0.48 over 3 years, 0.44 over 1 year and 0.44 over 5 years.
Is Z a good diversifier for LDI?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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-z.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ldi-vs-z/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LDI correlations · Z correlations
