LSPD vs SNAP: Correlation
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) and Snap Inc. (SNAP) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSPD and SNAP?
On 3 years of weekly data the LSPD/SNAP correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 1513.4 %².
Within LSPD's tracked universe of 17 assets, SNAP comes in at #9 by 3-year correlation. Over the last 12 months LSPD came out ahead by 12.1 percentage points (-11.6% against -23.7%).
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 SNAP: side by side
| LSPD (Lightspeed Commerce Inc. Subordinate Voting Shares) | SNAP (Snap Inc.) | |
|---|---|---|
| 1-year return | -11.6% | -23.7% |
| 5-year return | -90.0% | -92.8% |
| Volatility (ann.) | 48.1% | 59.8% |
| Beta vs S&P 500 | 1.83 | 1.59 |
| Max drawdown (3Y) | -62.7% | -77.5% |
| Market cap | $1.4B | $9.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSPD | SNAP |
|---|---|---|
| 2022 | -64.6% | -81.0% |
| 2023 | +46.8% | +89.2% |
| 2024 | -27.4% | -36.4% |
| 2025 | -20.7% | -25.1% |
| 2026 | -10.7% | -34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSPD and SNAP good diversifiers for each other?
To a limited degree. At 0.53 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 LSPD and SNAP?
The LSPD/SNAP correlation stands at 0.53 on a 3-year window (1 year: 0.57, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is SNAP a good diversifier for LSPD?
To a limited degree. At 0.53 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 0.53 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/lspd-vs-snap.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lspd-vs-snap/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LSPD correlations · SNAP correlations
