LEGH vs SGRY: Correlation
How closely do Legacy Housing Corporation (LEGH) and Surgery Partners, Inc. (SGRY) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEGH and SGRY?
Across a 3-year window, the weekly returns of LEGH and SGRY correlate at 0.49, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.49). Stretching to 5 years gives 0.42, with an annualized covariance of 877.1 %².
Within LEGH's tracked universe of 13 assets, SGRY comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LEGH ahead by 40.6 points (+1.6% versus -39.0%).
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.
LEGH vs SGRY: side by side
| LEGH (Legacy Housing Corporation) | SGRY (Surgery Partners, Inc.) | |
|---|---|---|
| 1-year return | +1.6% | -39.0% |
| 5-year return | +49.1% | -71.6% |
| Volatility (ann.) | 34.8% | 51.2% |
| Beta vs S&P 500 | 0.84 | 1.30 |
| Max drawdown (3Y) | -34.9% | -69.3% |
| Market cap | $0.7B | $1.8B |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEGH | SGRY |
|---|---|---|
| 2022 | -28.4% | -47.8% |
| 2023 | +33.0% | +14.8% |
| 2024 | -2.1% | -33.8% |
| 2025 | -20.9% | -27.0% |
| 2026 | +45.3% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEGH and SGRY good diversifiers for each other?
Reasonably. At 0.49, LEGH and SGRY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LEGH and SGRY?
As of 2026-08-27, the correlation of weekly returns between LEGH and SGRY is 0.49 over 3 years, 0.62 over 1 year and 0.42 over 5 years.
Is SGRY a good diversifier for LEGH?
Reasonably. At 0.49, LEGH and SGRY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/legh-vs-sgry.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/legh-vs-sgry/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEGH correlations · SGRY correlations
