LH vs REG: Correlation
Measured on weekly returns over the past three years, Labcorp (LH) and Regency Centers (REG) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LH and REG?
Over the past 3 years, LH and REG moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 170.0 %².
Among the 34 assets we track against LH, REG ranks #15 by 3-year correlation. Over the last 12 months LH came out ahead by 13.4 percentage points (+21.8% against +8.4%). The rolling one-year correlation moved between 0.29 and 0.64 over the past three years, a moderate range.
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.
LH vs REG: side by side
| LH (Labcorp) | REG (Regency Centers) | |
|---|---|---|
| 1-year return | +21.8% | +8.4% |
| 5-year return | +36.0% | +35.2% |
| Volatility (ann.) | 21.4% | 17.8% |
| Beta vs S&P 500 | 0.33 | 0.34 |
| Max drawdown (3Y) | -17.4% | -15.1% |
| Market cap | $27.3B | $14.1B |
| P/E (trailing) | 27.8 | 25.5 |
| Dividend yield | 0.86% | 3.89% |
| Sector / category | Health Care | Real Estate |
Year-by-year returns
| Year | LH | REG |
|---|---|---|
| 2022 | -24.4% | -13.6% |
| 2023 | +13.8% | +11.9% |
| 2024 | +2.2% | +14.9% |
| 2025 | +10.6% | -2.8% |
| 2026 | +34.8% | +11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LH and REG good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LH and REG?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.43 over the last year and 0.43 over 5 years.
Is REG a good diversifier for LH?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/lh-vs-reg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lh-vs-reg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LH correlations · REG correlations
