LEG vs UPBD: Correlation
How closely do Leggett & Platt, Incorporated (LEG) and Upbound Group, Inc. (UPBD) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEG and UPBD?
On 3 years of weekly data the LEG/UPBD correlation comes out at 0.64, strong. Recent behaviour matches the longer record: 0.58 over 1 year against 0.64 over 3. The 5-year figure is 0.59, and annualized covariance runs at 1288.6 %².
Few assets follow LEG as closely as UPBD, which ranks #1 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with LEG ahead by 32.5 points (+12.7% versus -19.8%).
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.
LEG vs UPBD: side by side
| LEG (Leggett & Platt, Incorporated) | UPBD (Upbound Group, Inc.) | |
|---|---|---|
| 1-year return | +12.7% | -19.8% |
| 5-year return | -72.6% | -60.7% |
| Volatility (ann.) | 48.5% | 41.4% |
| Beta vs S&P 500 | 1.29 | 1.23 |
| Max drawdown (3Y) | -76.8% | -54.2% |
| Market cap | $1.3B | $1.1B |
| P/E (trailing) | 5.9 | 12.6 |
| Dividend yield | 2.15% | 8.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEG | UPBD |
|---|---|---|
| 2022 | -17.8% | -49.9% |
| 2023 | -13.5% | +57.9% |
| 2024 | -61.9% | -10.1% |
| 2025 | +17.0% | -35.4% |
| 2026 | +1.2% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEG and UPBD good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LEG and UPBD?
The LEG/UPBD correlation stands at 0.64 on a 3-year window (1 year: 0.58, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is UPBD a good diversifier for LEG?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 mean?
A reading of 0.64 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/leg-vs-upbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/leg-vs-upbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LEG correlations · UPBD correlations
