LEVI vs LULU: Correlation
Levi Strauss & Co (LEVI) and Lululemon Athletica (LULU) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEVI and LULU?
Across a 3-year window, the weekly returns of LEVI and LULU correlate at 0.41, moderate. The past 12 months show a tighter link (0.51) than the 3-year average (0.41). Stretching to 5 years gives 0.44, with an annualized covariance of 603.1 %².
LULU is close to the least connected end of LEVI's tracked universe, ranking #8 of 12. Correlation aside, the last 12 months split them widely, with LEVI ahead by 41.6 points (-2.5% versus -44.1%).
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.
LEVI vs LULU: side by side
| LEVI (Levi Strauss & Co) | LULU (Lululemon Athletica) | |
|---|---|---|
| 1-year return | -2.5% | -44.1% |
| 5-year return | -10.8% | -72.3% |
| Volatility (ann.) | 35.5% | 41.8% |
| Beta vs S&P 500 | 1.05 | 0.98 |
| Max drawdown (3Y) | -47.5% | -79.4% |
| Market cap | $8.1B | $13.1B |
| P/E (trailing) | 15.4 | 9.4 |
| Dividend yield | 2.61% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | LEVI | LULU |
|---|---|---|
| 2022 | -36.5% | -18.2% |
| 2023 | +10.0% | +59.6% |
| 2024 | +7.5% | -25.2% |
| 2025 | +23.4% | -45.7% |
| 2026 | +3.5% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEVI and LULU good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LEVI and LULU?
The LEVI/LULU correlation stands at 0.41 on a 3-year window (1 year: 0.51, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is LULU a good diversifier for LEVI?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/levi-vs-lulu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/levi-vs-lulu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEVI correlations · LULU correlations
