LEGH vs SHC: Correlation
How closely do Legacy Housing Corporation (LEGH) and Sotera Health Company (SHC) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEGH and SHC?
Across a 3-year window, the weekly returns of LEGH and SHC correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 760.7 %².
Among the 13 assets we track against LEGH, SHC ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SHC ahead by 16.5 points (+1.6% versus +18.1%).
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 SHC: side by side
| LEGH (Legacy Housing Corporation) | SHC (Sotera Health Company) | |
|---|---|---|
| 1-year return | +1.6% | +18.1% |
| 5-year return | +49.1% | -21.9% |
| Volatility (ann.) | 34.8% | 40.4% |
| Beta vs S&P 500 | 0.84 | 1.09 |
| Max drawdown (3Y) | -34.9% | -43.5% |
| Market cap | $0.7B | $5.6B |
| P/E (trailing) | 13.2 | 34.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEGH | SHC |
|---|---|---|
| 2022 | -28.4% | -64.6% |
| 2023 | +33.0% | +102.3% |
| 2024 | -2.1% | -18.8% |
| 2025 | -20.9% | +28.9% |
| 2026 | +45.3% | +10.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEGH and SHC good diversifiers for each other?
To a limited degree. At 0.54 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 LEGH and SHC?
As of 2026-08-27, the correlation of weekly returns between LEGH and SHC is 0.54 over 3 years, 0.50 over 1 year and 0.29 over 5 years.
Is SHC a good diversifier for LEGH?
To a limited degree. At 0.54 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 0.54 mean?
On the −1 to +1 scale, 0.54 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-shc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/legh-vs-shc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LEGH correlations · SHC correlations
