LNTH vs STRW: Correlation
How closely do Lantheus Holdings, Inc. (LNTH) and Strawberry Fields REIT, Inc. (STRW) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNTH and STRW?
Over the past 3 years, LNTH and STRW moved with a correlation of 0.31, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.31 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 579.5 %².
Among the 13 assets we track against LNTH, STRW ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LNTH outperformed by 54.4 percentage points (+76.8% for LNTH against +22.4% for STRW). Risk is not evenly split, since LNTH carries 1.8 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.
LNTH vs STRW: side by side
| LNTH (Lantheus Holdings, Inc.) | STRW (Strawberry Fields REIT, Inc.) | |
|---|---|---|
| 1-year return | +76.8% | +22.4% |
| 5-year return | +286.9% | n/a |
| Volatility (ann.) | 57.5% | 32.1% |
| Beta vs S&P 500 | 0.44 | 0.19 |
| Max drawdown (3Y) | -59.5% | -26.6% |
| Market cap | $6.6B | $0.8B |
| P/E (trailing) | 24.1 | 21.1 |
| Dividend yield | 0.00% | 2.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LNTH | STRW |
|---|---|---|
| 2022 | +76.4% | – |
| 2023 | +21.7% | – |
| 2024 | +44.3% | +43.9% |
| 2025 | -25.6% | +30.5% |
| 2026 | +51.0% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNTH and STRW good diversifiers for each other?
Reasonably. At 0.31, LNTH and STRW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LNTH and STRW?
The LNTH/STRW correlation stands at 0.31 on a 3-year window (1 year: 0.12, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is STRW a good diversifier for LNTH?
Reasonably. At 0.31, LNTH and STRW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lnth-vs-strw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lnth-vs-strw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LNTH correlations · STRW correlations
