LNAI vs WEC: Correlation
How closely do Lunai Bioworks Inc. (LNAI) and WEC Energy Group (WEC) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNAI and WEC?
Across a 3-year window, the weekly returns of LNAI and WEC correlate at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -669.8 %².
By 3-year correlation, WEC places #19 of the 26 assets tracked against LNAI. Their recent paths diverged sharply: over the last 12 months WEC outperformed by 90.7 percentage points (-88.6% for LNAI against +2.1% for WEC). Note the risk asymmetry: LNAI runs 10.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LNAI vs WEC: side by side
| LNAI (Lunai Bioworks Inc.) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | -88.6% | +2.1% |
| 5-year return | -99.6% | +32.7% |
| Volatility (ann.) | 169.5% | 16.9% |
| Beta vs S&P 500 | 1.43 | 0.02 |
| Max drawdown (3Y) | -99.6% | -11.6% |
| Market cap | – | $34.6B |
| P/E (trailing) | – | 20.6 |
| Dividend yield | 0.00% | 3.43% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | LNAI | WEC |
|---|---|---|
| 2022 | -85.9% | -0.5% |
| 2023 | +207.8% | -7.0% |
| 2024 | -73.6% | +16.1% |
| 2025 | -89.4% | +16.0% |
| 2026 | -66.7% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNAI and WEC good diversifiers for each other?
Yes. With a correlation of -0.23, LNAI and WEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LNAI and WEC?
As of 2026-08-27, the correlation of weekly returns between LNAI and WEC is -0.23 over 3 years, -0.26 over 1 year and -0.16 over 5 years.
Is WEC a good diversifier for LNAI?
Yes. With a correlation of -0.23, LNAI and WEC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: LNAI correlations · WEC correlations
