LITS vs OPEN: Correlation
Lite Strategy, Inc. (LITS) and Opendoor Technologies Inc (OPEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITS and OPEN?
Over the past 3 years, LITS and OPEN moved with a correlation of 0.56, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.11 versus 0.56 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 7607.7 %².
Few assets follow LITS as closely as OPEN, which ranks #2 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with OPEN ahead by 64.7 points (-80.6% versus -15.9%). Risk is not evenly split, since OPEN carries 1.6 times the volatility of the other side.
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.
LITS vs OPEN: side by side
| LITS (Lite Strategy, Inc.) | OPEN (Opendoor Technologies Inc) | |
|---|---|---|
| 1-year return | -80.6% | -15.9% |
| 5-year return | -97.7% | -80.8% |
| Volatility (ann.) | 93.2% | 145.6% |
| Beta vs S&P 500 | 0.44 | 2.46 |
| Max drawdown (3Y) | -89.2% | -89.2% |
| Market cap | – | $3.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LITS | OPEN |
|---|---|---|
| 2022 | -91.0% | -92.1% |
| 2023 | +55.6% | +286.2% |
| 2024 | -57.6% | -64.3% |
| 2025 | -46.3% | +264.4% |
| 2026 | -24.2% | -42.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITS and OPEN good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LITS and OPEN?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with -0.11 over the last year and 0.47 over 5 years.
Is OPEN a good diversifier for LITS?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 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/lits-vs-open.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lits-vs-open/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LITS correlations · OPEN correlations
