LFWD vs SRZN: Correlation
How closely do Lifeward Ltd. (LFWD) and Surrozen, Inc. (SRZN) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LFWD and SRZN?
On 3 years of weekly data the LFWD/SRZN correlation comes out at 0.31, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.31). The 5-year figure is 0.19, and annualized covariance runs at 2449.5 %².
Among the 12 assets we track against LFWD, SRZN ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SRZN ahead by 112.2 points (-1.6% versus +110.6%).
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.
LFWD vs SRZN: side by side
| LFWD (Lifeward Ltd.) | SRZN (Surrozen, Inc.) | |
|---|---|---|
| 1-year return | -1.6% | +110.6% |
| 5-year return | -93.8% | -80.6% |
| Volatility (ann.) | 91.5% | 85.6% |
| Beta vs S&P 500 | 1.20 | 0.14 |
| Max drawdown (3Y) | -95.6% | -61.8% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LFWD | SRZN |
|---|---|---|
| 2022 | -38.2% | -91.0% |
| 2023 | +2.4% | +7.7% |
| 2024 | -68.2% | +52.7% |
| 2025 | -66.6% | +57.5% |
| 2026 | +6.4% | +6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LFWD and SRZN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LFWD and SRZN?
As of 2026-08-27, the correlation of weekly returns between LFWD and SRZN is 0.31 over 3 years, 0.18 over 1 year and 0.19 over 5 years.
Is SRZN a good diversifier for LFWD?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/lfwd-vs-srzn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lfwd-vs-srzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LFWD correlations · SRZN correlations
