LSF vs TBCH: Correlation
How closely do Laird Superfood, Inc. (LSF) and Turtle Beach Corporation (TBCH) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSF and TBCH?
Across a 3-year window, the weekly returns of LSF and TBCH correlate at 0.50, moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.50). Stretching to 5 years gives 0.40, with an annualized covariance of 5257.4 %².
Few assets follow LSF as closely as TBCH, which ranks #2 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with TBCH ahead by 16.0 points (-32.6% versus -16.6%). One caveat on sizing: LSF is 3.2 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 TBCH: side by side
| LSF (Laird Superfood, Inc.) | TBCH (Turtle Beach Corporation) | |
|---|---|---|
| 1-year return | -32.6% | -16.6% |
| 5-year return | -79.5% | -55.7% |
| Volatility (ann.) | 183.4% | 57.8% |
| Beta vs S&P 500 | 1.17 | 2.21 |
| Max drawdown (3Y) | -79.9% | -51.8% |
| 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 | TBCH |
|---|---|---|
| 2022 | -93.6% | -67.8% |
| 2023 | +8.3% | +52.7% |
| 2024 | +765.9% | +58.1% |
| 2025 | -71.8% | -18.9% |
| 2026 | +74.8% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSF and TBCH good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LSF and TBCH?
The LSF/TBCH correlation stands at 0.50 on a 3-year window (1 year: 0.30, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is TBCH a good diversifier for LSF?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lsf-vs-tbch.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lsf-vs-tbch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LSF correlations · TBCH correlations
