LSF vs SIGA: Correlation
Laird Superfood, Inc. (LSF) and SIGA Technologies Inc. (SIGA) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSF and SIGA?
On 3 years of weekly data the LSF/SIGA correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.44 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 5219.9 %².
Among the 14 assets we track against LSF, SIGA ranks #6 by 3-year correlation. The last year tells two different stories: LSF led by 25.5 percentage points, -32.6% for LSF against -58.1% for SIGA. One caveat on sizing: LSF is 2.9 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 SIGA: side by side
| LSF (Laird Superfood, Inc.) | SIGA (SIGA Technologies Inc.) | |
|---|---|---|
| 1-year return | -32.6% | -58.1% |
| 5-year return | -79.5% | -27.3% |
| Volatility (ann.) | 183.4% | 64.1% |
| Beta vs S&P 500 | 1.17 | 1.22 |
| Max drawdown (3Y) | -79.9% | -70.1% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSF | SIGA |
|---|---|---|
| 2022 | -93.6% | +4.2% |
| 2023 | +8.3% | -17.6% |
| 2024 | +765.9% | +15.2% |
| 2025 | -71.8% | +12.3% |
| 2026 | +74.8% | -43.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSF and SIGA good diversifiers for each other?
Reasonably. At 0.44, LSF and SIGA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LSF and SIGA?
As of 2026-08-27, the correlation of weekly returns between LSF and SIGA is 0.44 over 3 years, 0.32 over 1 year and 0.31 over 5 years.
Is SIGA a good diversifier for LSF?
Reasonably. At 0.44, LSF and SIGA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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: LSF correlations · SIGA correlations
