LMAT vs PODD: Correlation
How closely do LeMaitre Vascular, Inc. (LMAT) and Insulet Corporation (PODD) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMAT and PODD?
Over the past 3 years, LMAT and PODD moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 552.6 %².
By 3-year correlation, PODD places #4 of the 14 assets tracked against LMAT. Correlation aside, the last 12 months split them widely, with LMAT ahead by 41.2 points (-15.9% versus -57.1%).
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 PODD: side by side
| LMAT (LeMaitre Vascular, Inc.) | PODD (Insulet Corporation) | |
|---|---|---|
| 1-year return | -15.9% | -57.1% |
| 5-year return | +47.2% | -51.6% |
| Volatility (ann.) | 35.0% | 38.9% |
| Beta vs S&P 500 | 0.57 | 0.67 |
| Max drawdown (3Y) | -32.5% | -62.2% |
| Market cap | $1.8B | $9.9B |
| P/E (trailing) | 27.9 | 26.9 |
| Dividend yield | 1.13% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | LMAT | PODD |
|---|---|---|
| 2022 | -7.4% | +10.6% |
| 2023 | +24.6% | -26.3% |
| 2024 | +63.6% | +20.3% |
| 2025 | -11.2% | +8.9% |
| 2026 | -1.0% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMAT and PODD 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 PODD?
The LMAT/PODD correlation stands at 0.41 on a 3-year window (1 year: 0.46, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is PODD 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-podd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lmat-vs-podd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LMAT correlations · PODD correlations
