LSPD vs XYZ: Correlation
How closely do Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) and Block, Inc. (XYZ) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSPD and XYZ?
Over the past 3 years, LSPD and XYZ moved with a correlation of 0.52, which is moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 1251.6 %².
Within LSPD's tracked universe of 17 assets, XYZ comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months XYZ outperformed by 18.5 percentage points (-11.6% for LSPD against +6.9% for XYZ).
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 XYZ: side by side
| LSPD (Lightspeed Commerce Inc. Subordinate Voting Shares) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | -11.6% | +6.9% |
| 5-year return | -90.0% | -68.8% |
| Volatility (ann.) | 48.1% | 50.2% |
| Beta vs S&P 500 | 1.83 | 1.80 |
| Max drawdown (3Y) | -62.7% | -53.0% |
| Market cap | $1.4B | $51.0B |
| P/E (trailing) | – | 151.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | LSPD | XYZ |
|---|---|---|
| 2022 | -64.6% | -61.1% |
| 2023 | +46.8% | +23.1% |
| 2024 | -27.4% | +9.9% |
| 2025 | -20.7% | -23.4% |
| 2026 | -10.7% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSPD and XYZ good diversifiers for each other?
Only partially. A correlation of 0.52 means LSPD and XYZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LSPD and XYZ?
As of 2026-08-27, the correlation of weekly returns between LSPD and XYZ is 0.52 over 3 years, 0.51 over 1 year and 0.60 over 5 years.
Is XYZ a good diversifier for LSPD?
Only partially. A correlation of 0.52 means LSPD and XYZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/lspd-vs-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lspd-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LSPD correlations · XYZ correlations
