LQDT vs SENS: Correlation
Measured on weekly returns over the past three years, Liquidity Services, Inc. (LQDT) and Senseonics Holdings, Inc. (SENS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LQDT and SENS?
Across a 3-year window, the weekly returns of LQDT and SENS correlate at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.48 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 2096.1 %².
Few assets follow LQDT as closely as SENS, which ranks #2 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months LQDT outperformed by 57.9 percentage points (+59.0% for LQDT against +1.1% for SENS). Note the risk asymmetry: SENS runs 2.2 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.
LQDT vs SENS: side by side
| LQDT (Liquidity Services, Inc.) | SENS (Senseonics Holdings, Inc.) | |
|---|---|---|
| 1-year return | +59.0% | +1.1% |
| 5-year return | +66.3% | -87.7% |
| Volatility (ann.) | 44.8% | 97.8% |
| Beta vs S&P 500 | 0.89 | 1.76 |
| Max drawdown (3Y) | -41.1% | -81.5% |
| Market cap | $1.3B | $0.5B |
| P/E (trailing) | 41.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LQDT | SENS |
|---|---|---|
| 2022 | -36.3% | -61.4% |
| 2023 | +22.4% | -44.7% |
| 2024 | +87.6% | -8.2% |
| 2025 | -6.1% | -47.2% |
| 2026 | +37.9% | +70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LQDT and SENS good diversifiers for each other?
Reasonably. At 0.48, LQDT and SENS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LQDT and SENS?
As of 2026-08-27, the correlation of weekly returns between LQDT and SENS is 0.48 over 3 years, 0.13 over 1 year and 0.35 over 5 years.
Is SENS a good diversifier for LQDT?
Reasonably. At 0.48, LQDT and SENS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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/lqdt-vs-sens.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lqdt-vs-sens/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LQDT correlations · SENS correlations
