LITS vs PEW: Correlation
Lite Strategy, Inc. (LITS) and GrabAGun Digital Holdings Inc. (PEW) show a negative relationship: their 3-year correlation of weekly returns is -0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITS and PEW?
Across a 3-year window, the weekly returns of LITS and PEW correlate at -0.39, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.39 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1910.6 %².
Among the 14 assets we track against LITS, PEW sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months PEW outperformed by 23.5 percentage points (-80.6% for LITS against -57.1% for PEW). Risk is not evenly split, since LITS carries 1.8 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 PEW: side by side
| LITS (Lite Strategy, Inc.) | PEW (GrabAGun Digital Holdings Inc.) | |
|---|---|---|
| 1-year return | -80.6% | -57.1% |
| 5-year return | -97.7% | n/a |
| Volatility (ann.) | 93.2% | 51.2% |
| Beta vs S&P 500 | 0.44 | 0.44 |
| Max drawdown (3Y) | -89.2% | -86.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LITS | PEW |
|---|---|---|
| 2022 | -91.0% | – |
| 2023 | +55.6% | – |
| 2024 | -57.6% | – |
| 2025 | -46.3% | -74.4% |
| 2026 | -24.2% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LITS and PEW good diversifiers for each other?
Yes. With a correlation of -0.39, LITS and PEW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LITS and PEW?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with 0.14 over the last year and n/a over 5 years.
Is PEW a good diversifier for LITS?
Yes. With a correlation of -0.39, LITS and PEW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 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-pew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lits-vs-pew/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LITS correlations · PEW correlations
