LFCR vs SPY: Correlation
Measured on weekly returns over the past three years, Lifecore Biomedical, Inc. (LFCR) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LFCR and SPY?
Across a 3-year window, the weekly returns of LFCR and SPY correlate at 0.28, weak. The past 12 months show a tighter link (0.48) than the 3-year average (0.28). Stretching to 5 years gives 0.22, with an annualized covariance of 261.4 %².
Out of 10 assets tracked against LFCR, SPY lands near the bottom at #6. Their recent paths diverged sharply: over the last 12 months SPY outperformed by 60.3 percentage points (-39.7% for LFCR against +20.6% for SPY). Note the risk asymmetry: LFCR runs 4.5 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.
LFCR vs SPY: side by side
| LFCR (Lifecore Biomedical, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -39.7% | +20.6% |
| 5-year return | -58.0% | +82.4% |
| Volatility (ann.) | 65.7% | 14.5% |
| Beta vs S&P 500 | 1.25 | 1.00 |
| Max drawdown (3Y) | -59.6% | -18.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | LFCR | SPY |
|---|---|---|
| 2022 | -41.6% | -18.2% |
| 2023 | -4.5% | +26.2% |
| 2024 | +20.0% | +24.9% |
| 2025 | +10.1% | +17.7% |
| 2026 | -44.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LFCR and SPY good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LFCR and SPY?
As of 2026-08-27, the correlation of weekly returns between LFCR and SPY is 0.28 over 3 years, 0.48 over 1 year and 0.22 over 5 years.
Is SPY a good diversifier for LFCR?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lfcr-vs-spy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lfcr-vs-spy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LFCR correlations · SPY correlations
