LEN vs NAII: Correlation
Lennar (LEN) and Natural Alternatives International, Inc. (NAII) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEN and NAII?
On 3 years of weekly data the LEN/NAII correlation comes out at 0.25, weak. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.18, and annualized covariance runs at 405.5 %².
By 3-year correlation, NAII places #30 of the 40 assets tracked against LEN. Twelve-month performance is nearly a tie, at -34.9% for LEN and -36.0% for NAII. Note the risk asymmetry: NAII runs 1.5 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.
LEN vs NAII: side by side
| LEN (Lennar) | NAII (Natural Alternatives International, Inc.) | |
|---|---|---|
| 1-year return | -34.9% | -36.0% |
| 5-year return | -11.7% | -85.1% |
| Volatility (ann.) | 32.6% | 49.2% |
| Beta vs S&P 500 | 0.84 | 0.09 |
| Max drawdown (3Y) | -54.5% | -71.7% |
| Market cap | $20.5B | – |
| P/E (trailing) | 13.7 | – |
| Dividend yield | 2.29% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LEN | NAII |
|---|---|---|
| 2022 | -20.6% | -33.7% |
| 2023 | +66.9% | -22.2% |
| 2024 | -7.3% | -34.0% |
| 2025 | -20.8% | -16.9% |
| 2026 | -15.9% | -36.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEN and NAII good diversifiers for each other?
Reasonably. At 0.25, LEN and NAII keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LEN and NAII?
As of 2026-08-27, the correlation of weekly returns between LEN and NAII is 0.25 over 3 years, 0.34 over 1 year and 0.18 over 5 years.
Is NAII a good diversifier for LEN?
Reasonably. At 0.25, LEN and NAII keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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/len-vs-naii.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/len-vs-naii/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LEN correlations · NAII correlations
