LND vs XP: Correlation
Measured on weekly returns over the past three years, Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (LND) and XP Inc. (XP) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LND and XP?
On 3 years of weekly data the LND/XP correlation comes out at 0.41, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.41). The 5-year figure is 0.35, and annualized covariance runs at 344.9 %².
Few assets follow LND as closely as XP, which ranks #2 of 10 tracked partners. Over the last 12 months XP came out ahead by 10.9 percentage points (-5.1% against +5.8%). Risk is not evenly split, since XP carries 2.0 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 XP: side by side
| LND (Brasilagro Brazilian Agric Real Estate Co Sponsored ADR) | XP (XP Inc.) | |
|---|---|---|
| 1-year return | -5.1% | +5.8% |
| 5-year return | +2.5% | -58.9% |
| Volatility (ann.) | 20.6% | 41.0% |
| Beta vs S&P 500 | 0.07 | 1.18 |
| Max drawdown (3Y) | -32.5% | -56.6% |
| Market cap | – | $9.0B |
| P/E (trailing) | – | 9.0 |
| Dividend yield | 20.30% | 11.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LND | XP |
|---|---|---|
| 2022 | +23.6% | -46.6% |
| 2023 | +3.9% | +79.6% |
| 2024 | -27.2% | -52.2% |
| 2025 | -0.8% | +39.5% |
| 2026 | +3.6% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LND and XP good diversifiers for each other?
Reasonably. At 0.41, LND and XP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LND and XP?
As of 2026-08-27, the correlation of weekly returns between LND and XP is 0.41 over 3 years, 0.60 over 1 year and 0.35 over 5 years.
Is XP a good diversifier for LND?
Reasonably. At 0.41, LND and XP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/lnd-vs-xp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnd-vs-xp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LND correlations · XP correlations
