LIND vs UMBF: Correlation
How closely do Lindblad Expeditions Holdings Inc. (LIND) and UMB Financial Corporation (UMBF) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIND and UMBF?
On 3 years of weekly data the LIND/UMBF correlation comes out at 0.64, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.64 over 3. The 5-year figure is 0.49, and annualized covariance runs at 1221.5 %².
In LIND's tracked universe of 11 assets, UMBF sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months LIND outperformed by 81.2 percentage points (+100.4% for LIND against +19.2% for UMBF). Note the risk asymmetry: LIND runs 2.4 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.
LIND vs UMBF: side by side
| LIND (Lindblad Expeditions Holdings Inc.) | UMBF (UMB Financial Corporation) | |
|---|---|---|
| 1-year return | +100.4% | +19.2% |
| 5-year return | +102.2% | +73.4% |
| Volatility (ann.) | 67.7% | 28.4% |
| Beta vs S&P 500 | 1.97 | 1.01 |
| Max drawdown (3Y) | -43.8% | -31.8% |
| Market cap | $2.0B | $11.0B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.00% | 1.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIND | UMBF |
|---|---|---|
| 2022 | -50.6% | -20.0% |
| 2023 | +46.4% | +2.2% |
| 2024 | +5.2% | +37.3% |
| 2025 | +21.6% | +3.4% |
| 2026 | +108.5% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIND and UMBF good diversifiers for each other?
Only partially. A correlation of 0.64 means LIND and UMBF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LIND and UMBF?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.60 over the last year and 0.49 over 5 years.
Is UMBF a good diversifier for LIND?
Only partially. A correlation of 0.64 means LIND and UMBF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lind-vs-umbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lind-vs-umbf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LIND correlations · UMBF correlations
