LNTH vs SPY: Correlation
Measured on weekly returns over the past three years, Lantheus Holdings, Inc. (LNTH) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNTH and SPY?
Over the past 3 years, LNTH and SPY moved with a correlation of 0.11, which is weak. Little has changed lately, as the 1-year reading of 0.18 lands near the 3-year figure. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 91.3 %².
Among the 13 assets we track against LNTH, SPY ranks #8 by 3-year correlation. The last year tells two different stories: LNTH led by 56.2 percentage points, +76.8% for LNTH against +20.6% for SPY. Note the risk asymmetry: LNTH runs 4.0 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.
LNTH vs SPY: side by side
| LNTH (Lantheus Holdings, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +76.8% | +20.6% |
| 5-year return | +286.9% | +82.4% |
| Volatility (ann.) | 57.5% | 14.5% |
| Beta vs S&P 500 | 0.44 | 1.00 |
| Max drawdown (3Y) | -59.5% | -18.8% |
| Market cap | $6.6B | – |
| P/E (trailing) | 24.1 | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | LNTH | SPY |
|---|---|---|
| 2022 | +76.4% | -18.2% |
| 2023 | +21.7% | +26.2% |
| 2024 | +44.3% | +24.9% |
| 2025 | -25.6% | +17.7% |
| 2026 | +51.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNTH and SPY good diversifiers for each other?
Yes. With a correlation of 0.11, LNTH and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LNTH and SPY?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with 0.18 over the last year and 0.19 over 5 years.
Is SPY a good diversifier for LNTH?
Yes. With a correlation of 0.11, LNTH and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Hubs: LNTH correlations · SPY correlations
