LMAT vs ONT: Correlation
LeMaitre Vascular, Inc. (LMAT) and Onterris, Inc. (ONT) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMAT and ONT?
Over the past 3 years, LMAT and ONT moved with a correlation of 0.41, which is moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.41). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 912.8 %².
In LMAT's tracked universe of 14 assets, ONT sits right near the top at #3. Correlation aside, the last 12 months split them widely, with LMAT ahead by 29.7 points (-15.9% versus -45.6%). Risk is not evenly split, since ONT 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.
LMAT vs ONT: side by side
| LMAT (LeMaitre Vascular, Inc.) | ONT (Onterris, Inc.) | |
|---|---|---|
| 1-year return | -15.9% | -45.6% |
| 5-year return | +47.2% | -66.3% |
| Volatility (ann.) | 35.0% | 63.4% |
| Beta vs S&P 500 | 0.57 | 1.17 |
| Max drawdown (3Y) | -32.5% | -78.4% |
| Market cap | $1.8B | $0.6B |
| P/E (trailing) | 27.9 | – |
| Dividend yield | 1.13% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LMAT | ONT |
|---|---|---|
| 2022 | -7.4% | -37.0% |
| 2023 | +24.6% | -27.6% |
| 2024 | +63.6% | -42.3% |
| 2025 | -11.2% | +33.9% |
| 2026 | -1.0% | -34.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMAT and ONT good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LMAT and ONT?
The LMAT/ONT correlation stands at 0.41 on a 3-year window (1 year: 0.56, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is ONT a good diversifier for LMAT?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/lmat-vs-ont.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lmat-vs-ont/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LMAT correlations · ONT correlations
