LSPD vs MSB: Correlation
Measured on weekly returns over the past three years, Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) and Mesabi Trust (MSB) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSPD and MSB?
Across a 3-year window, the weekly returns of LSPD and MSB correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 711.9 %².
Among the 17 assets we track against LSPD, MSB sits near the bottom by co-movement, at rank #14. On 12-month performance LSPD holds a 11.6-point edge, -11.6% against -23.2%.
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.
LSPD vs MSB: side by side
| LSPD (Lightspeed Commerce Inc. Subordinate Voting Shares) | MSB (Mesabi Trust) | |
|---|---|---|
| 1-year return | -11.6% | -23.2% |
| 5-year return | -90.0% | +19.2% |
| Volatility (ann.) | 48.1% | 39.9% |
| Beta vs S&P 500 | 1.83 | 0.92 |
| Max drawdown (3Y) | -62.7% | -45.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | – | 27.4 |
| Dividend yield | 0.00% | 4.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSPD | MSB |
|---|---|---|
| 2022 | -64.6% | -22.8% |
| 2023 | +46.8% | +15.6% |
| 2024 | -27.4% | +47.0% |
| 2025 | -20.7% | +71.9% |
| 2026 | -10.7% | -37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSPD and MSB good diversifiers for each other?
Reasonably. At 0.37, LSPD and MSB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LSPD and MSB?
As of 2026-08-27, the correlation of weekly returns between LSPD and MSB is 0.37 over 3 years, 0.33 over 1 year and 0.19 over 5 years.
Is MSB a good diversifier for LSPD?
Reasonably. At 0.37, LSPD and MSB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lspd-vs-msb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lspd-vs-msb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LSPD correlations · MSB correlations
