LND vs UNM: Correlation
Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (LND) and Unum Group (UNM) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LND and UNM?
Across a 3-year window, the weekly returns of LND and UNM correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Stretching to 5 years gives 0.12, with an annualized covariance of -92.4 %².
UNM is close to the least connected end of LND's tracked universe, ranking #10 of 10. Their recent paths diverged sharply: over the last 12 months UNM outperformed by 41.3 percentage points (-5.1% for LND against +36.2% for UNM).
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 UNM: side by side
| LND (Brasilagro Brazilian Agric Real Estate Co Sponsored ADR) | UNM (Unum Group) | |
|---|---|---|
| 1-year return | -5.1% | +36.2% |
| 5-year return | +2.5% | +305.6% |
| Volatility (ann.) | 20.6% | 23.8% |
| Beta vs S&P 500 | 0.07 | 0.49 |
| Max drawdown (3Y) | -32.5% | -17.9% |
| Market cap | – | $14.6B |
| P/E (trailing) | – | 21.3 |
| Dividend yield | 20.30% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LND | UNM |
|---|---|---|
| 2022 | +23.6% | +73.6% |
| 2023 | +3.9% | +13.7% |
| 2024 | -27.2% | +66.3% |
| 2025 | -0.8% | +8.6% |
| 2026 | +3.6% | +21.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LND and UNM good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between LND and UNM?
The LND/UNM correlation stands at -0.19 on a 3-year window (1 year: -0.19, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is UNM a good diversifier for LND?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lnd-vs-unm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lnd-vs-unm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LND correlations · UNM correlations
