LND vs STNE: Correlation
Measured on weekly returns over the past three years, Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (LND) and StoneCo Ltd. - Class A Common Share (STNE) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LND and STNE?
Over the past 3 years, LND and STNE moved with a correlation of 0.34, which is moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.34). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 335.3 %².
By 3-year correlation, STNE places #5 of the 10 assets tracked against LND. Their recent paths diverged sharply: over the last 12 months LND outperformed by 22.2 percentage points (-5.1% for LND against -27.3% for STNE). Risk is not evenly split, since STNE carries 2.3 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.
LND vs STNE: side by side
| LND (Brasilagro Brazilian Agric Real Estate Co Sponsored ADR) | STNE (StoneCo Ltd. - Class A Common Share) | |
|---|---|---|
| 1-year return | -5.1% | -27.3% |
| 5-year return | +2.5% | -76.6% |
| Volatility (ann.) | 20.6% | 48.1% |
| Beta vs S&P 500 | 0.07 | 1.41 |
| Max drawdown (3Y) | -32.5% | -57.6% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | 3.7 |
| Dividend yield | 20.30% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LND | STNE |
|---|---|---|
| 2022 | +23.6% | -44.0% |
| 2023 | +3.9% | +91.0% |
| 2024 | -27.2% | -55.8% |
| 2025 | -0.8% | +85.6% |
| 2026 | +3.6% | -21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LND and STNE good diversifiers for each other?
Reasonably. At 0.34, LND and STNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LND and STNE?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.49 over the last year and 0.31 over 5 years.
Is STNE a good diversifier for LND?
Reasonably. At 0.34, LND and STNE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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/lnd-vs-stne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnd-vs-stne/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LND correlations · STNE correlations
