LOAR vs SDGR: Correlation
Loar Holdings Inc. (LOAR) and Schrodinger, Inc. (SDGR) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAR and SDGR?
Across a 3-year window, the weekly returns of LOAR and SDGR correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.45 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 1229.3 %².
Within LOAR's tracked universe of 23 assets, SDGR comes in at #5 by 3-year correlation. Their 12-month results are close: -0.4% for LOAR against +3.1% for SDGR.
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.
LOAR vs SDGR: side by side
| LOAR (Loar Holdings Inc.) | SDGR (Schrodinger, Inc.) | |
|---|---|---|
| 1-year return | -0.4% | +3.1% |
| 5-year return | n/a | -65.2% |
| Volatility (ann.) | 49.2% | 57.7% |
| Beta vs S&P 500 | 1.21 | 1.91 |
| Max drawdown (3Y) | -46.0% | -70.2% |
| Market cap | $6.8B | $1.5B |
| P/E (trailing) | 102.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOAR | SDGR |
|---|---|---|
| 2022 | – | -46.3% |
| 2023 | – | +91.5% |
| 2024 | – | -46.1% |
| 2025 | -8.0% | -7.3% |
| 2026 | +7.5% | +14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAR and SDGR good diversifiers for each other?
Reasonably. At 0.45, LOAR and SDGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LOAR and SDGR?
As of 2026-08-27, the correlation of weekly returns between LOAR and SDGR is 0.45 over 3 years, 0.44 over 1 year and n/a over 5 years.
Is SDGR a good diversifier for LOAR?
Reasonably. At 0.45, LOAR and SDGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LOAR correlations · SDGR correlations
