LE vs WASH: Correlation
Measured on weekly returns over the past three years, Lands' End, Inc. (LE) and Washington Trust Bancorp, Inc. (WASH) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LE and WASH?
On 3 years of weekly data the LE/WASH correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 844.6 %².
By 3-year correlation, WASH places #5 of the 11 assets tracked against LE. Correlation aside, the last 12 months split them widely, with WASH ahead by 59.2 points (-19.1% versus +40.1%). Note the risk asymmetry: LE runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WASH: side by side
| LE (Lands' End, Inc.) | WASH (Washington Trust Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -19.1% | +40.1% |
| 5-year return | -66.7% | +4.8% |
| Volatility (ann.) | 56.5% | 34.9% |
| Beta vs S&P 500 | 1.15 | 1.04 |
| Max drawdown (3Y) | -61.1% | -32.3% |
| Market cap | $0.4B | $0.8B |
| P/E (trailing) | 1.1 | 13.7 |
| Dividend yield | 0.00% | 5.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LE | WASH |
|---|---|---|
| 2022 | -61.3% | -12.5% |
| 2023 | +26.0% | -26.1% |
| 2024 | +37.4% | +2.7% |
| 2025 | +10.5% | +1.7% |
| 2026 | -18.1% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LE and WASH good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LE and WASH?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.45 over the last year and 0.29 over 5 years.
Is WASH a good diversifier for LE?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/le-vs-wash.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/le-vs-wash/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LE correlations · WASH correlations
