LE vs MBIN: Correlation
How closely do Lands' End, Inc. (LE) and Merchants Bancorp (MBIN) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LE and MBIN?
Over the past 3 years, LE and MBIN moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 967.5 %².
Among the 11 assets we track against LE, MBIN ranks #4 by 3-year correlation. The last year tells two different stories: MBIN led by 82.4 percentage points, -19.1% for LE against +63.3% for MBIN.
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.
LE vs MBIN: side by side
| LE (Lands' End, Inc.) | MBIN (Merchants Bancorp) | |
|---|---|---|
| 1-year return | -19.1% | +63.3% |
| 5-year return | -66.7% | +132.1% |
| Volatility (ann.) | 56.5% | 39.8% |
| Beta vs S&P 500 | 1.15 | 0.90 |
| Max drawdown (3Y) | -61.1% | -43.9% |
| Market cap | $0.4B | $2.4B |
| P/E (trailing) | 1.1 | 10.7 |
| Dividend yield | 0.00% | 0.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LE | MBIN |
|---|---|---|
| 2022 | -61.3% | -22.1% |
| 2023 | +26.0% | +77.0% |
| 2024 | +37.4% | -13.6% |
| 2025 | +10.5% | -5.5% |
| 2026 | -18.1% | +57.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LE and MBIN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LE and MBIN?
The LE/MBIN correlation stands at 0.43 on a 3-year window (1 year: 0.43, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is MBIN a good diversifier for LE?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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: LE correlations · MBIN correlations
