LITS vs PAPL: Correlation
How closely do Lite Strategy, Inc. (LITS) and Pineapple Financial Inc. (PAPL) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITS and PAPL?
Over the past 3 years, LITS and PAPL moved with a correlation of 0.34, which is moderate. The past 12 months show a weaker link (0.01) than the 3-year average (0.34). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 5737.8 %².
Within LITS's tracked universe of 14 assets, PAPL comes in at #7 by 3-year correlation. The trailing year gives PAPL the advantage: -80.6% versus -70.7%, a 9.9-point spread. Risk is not evenly split, since PAPL carries 1.9 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 PAPL: side by side
| LITS (Lite Strategy, Inc.) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | -80.6% | -70.7% |
| 5-year return | -97.7% | n/a |
| Volatility (ann.) | 93.2% | 181.2% |
| Beta vs S&P 500 | 0.44 | -0.73 |
| Max drawdown (3Y) | -89.2% | -99.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LITS | PAPL |
|---|---|---|
| 2022 | -91.0% | – |
| 2023 | +55.6% | – |
| 2024 | -57.6% | -74.7% |
| 2025 | -46.3% | -84.4% |
| 2026 | -24.2% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITS and PAPL good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LITS and PAPL?
The LITS/PAPL correlation stands at 0.34 on a 3-year window (1 year: 0.01, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAPL a good diversifier for LITS?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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-papl.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LITS correlations · PAPL correlations
