LSF vs PACK: Correlation
Laird Superfood, Inc. (LSF) and Ranpak Holdings Corp (PACK) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSF and PACK?
Over the past 3 years, LSF and PACK moved with a correlation of 0.46, which is moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.46). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 6292.2 %².
Within LSF's tracked universe of 14 assets, PACK comes in at #5 by 3-year correlation. The last year tells two different stories: PACK led by 25.7 percentage points, -32.6% for LSF against -6.9% for PACK. One caveat on sizing: LSF is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LSF vs PACK: side by side
| LSF (Laird Superfood, Inc.) | PACK (Ranpak Holdings Corp) | |
|---|---|---|
| 1-year return | -32.6% | -6.9% |
| 5-year return | -79.5% | -83.7% |
| Volatility (ann.) | 183.4% | 75.3% |
| Beta vs S&P 500 | 1.17 | 1.81 |
| Max drawdown (3Y) | -79.9% | -64.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSF | PACK |
|---|---|---|
| 2022 | -93.6% | -84.6% |
| 2023 | +8.3% | +0.9% |
| 2024 | +765.9% | +18.2% |
| 2025 | -71.8% | -21.4% |
| 2026 | +74.8% | -7.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSF and PACK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LSF and PACK?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.15 over the last year and 0.36 over 5 years.
Is PACK a good diversifier for LSF?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/lsf-vs-pack.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lsf-vs-pack/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LSF correlations · PACK correlations
