LTRX vs SNDL: Correlation
How closely do Lantronix, Inc. (LTRX) and SNDL Inc. (SNDL) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LTRX and SNDL?
Across a 3-year window, the weekly returns of LTRX and SNDL correlate at 0.34, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.34 over 3. Stretching to 5 years gives 0.21, with an annualized covariance of 1190.2 %².
SNDL is one of the assets that tracks LTRX most closely: it ranks #2 out of the 11 assets we track against LTRX. The last year tells two different stories: LTRX led by 109.1 percentage points, +62.5% for LTRX against -46.6% for SNDL.
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.
LTRX vs SNDL: side by side
| LTRX (Lantronix, Inc.) | SNDL (SNDL Inc.) | |
|---|---|---|
| 1-year return | +62.5% | -46.6% |
| 5-year return | +0.0% | -81.9% |
| Volatility (ann.) | 68.2% | 51.2% |
| Beta vs S&P 500 | 1.12 | 0.81 |
| Max drawdown (3Y) | -71.7% | -57.4% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LTRX | SNDL |
|---|---|---|
| 2022 | -44.8% | -63.8% |
| 2023 | +35.6% | -21.5% |
| 2024 | -29.7% | +9.1% |
| 2025 | +42.2% | -7.3% |
| 2026 | +2.9% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LTRX and SNDL good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LTRX and SNDL?
As of 2026-08-27, the correlation of weekly returns between LTRX and SNDL is 0.34 over 3 years, 0.42 over 1 year and 0.21 over 5 years.
Is SNDL a good diversifier for LTRX?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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/ltrx-vs-sndl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ltrx-vs-sndl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LTRX correlations · SNDL correlations
