LSBK vs NLY: Correlation
Lake Shore Bancorp, Inc. (LSBK) and Annaly Capital Management Inc. (NLY) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSBK and NLY?
Across a 3-year window, the weekly returns of LSBK and NLY correlate at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.43). Stretching to 5 years gives 0.31, with an annualized covariance of 223.0 %².
In LSBK's tracked universe of 11 assets, NLY sits right near the top at #2. On 12-month performance LSBK holds a 7.9-point edge, +33.3% against +25.4%.
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.
LSBK vs NLY: side by side
| LSBK (Lake Shore Bancorp, Inc.) | NLY (Annaly Capital Management Inc.) | |
|---|---|---|
| 1-year return | +33.3% | +25.4% |
| 5-year return | +80.0% | +30.4% |
| Volatility (ann.) | 22.5% | 22.9% |
| Beta vs S&P 500 | 0.37 | 0.81 |
| Max drawdown (3Y) | -15.8% | -26.3% |
| Market cap | $0.1B | $17.4B |
| P/E (trailing) | 15.1 | 5.6 |
| Dividend yield | 2.09% | 12.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSBK | NLY |
|---|---|---|
| 2022 | -15.0% | -21.4% |
| 2023 | -3.0% | +4.9% |
| 2024 | +22.4% | +8.1% |
| 2025 | +48.2% | +40.0% |
| 2026 | +19.1% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSBK and NLY good diversifiers for each other?
Reasonably. At 0.43, LSBK and NLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LSBK and NLY?
As of 2026-08-27, the correlation of weekly returns between LSBK and NLY is 0.43 over 3 years, 0.19 over 1 year and 0.31 over 5 years.
Is NLY a good diversifier for LSBK?
Reasonably. At 0.43, LSBK and NLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/lsbk-vs-nly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lsbk-vs-nly/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LSBK correlations · NLY correlations
