LUCY vs O: Correlation
How closely do Innovative Eyewear, Inc. (LUCY) and Realty Income (O) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUCY and O?
On 3 years of weekly data the LUCY/O correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.23). The 5-year figure is -0.17, and annualized covariance runs at -1012.7 %².
Among the 16 assets we track against LUCY, O sits near the bottom by co-movement, at rank #12. The last year tells two different stories: O led by 63.0 percentage points, -51.7% for LUCY against +11.3% for O. Risk is not evenly split, since LUCY carries 15.0 times the volatility of the other side.
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.
LUCY vs O: side by side
| LUCY (Innovative Eyewear, Inc.) | O (Realty Income) | |
|---|---|---|
| 1-year return | -51.7% | +11.3% |
| 5-year return | n/a | +14.5% |
| Volatility (ann.) | 259.2% | 17.3% |
| Beta vs S&P 500 | 1.73 | 0.21 |
| Max drawdown (3Y) | -96.7% | -19.3% |
| Market cap | – | $58.5B |
| P/E (trailing) | – | 45.4 |
| Dividend yield | 0.00% | 5.20% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | LUCY | O |
|---|---|---|
| 2022 | – | -7.4% |
| 2023 | -69.2% | -4.5% |
| 2024 | -41.7% | -2.1% |
| 2025 | -79.7% | +12.2% |
| 2026 | -5.6% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUCY and O good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between LUCY and O?
The LUCY/O correlation stands at -0.23 on a 3-year window (1 year: -0.07, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is O a good diversifier for LUCY?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/lucy-vs-o.json
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Related comparisons
Hubs: LUCY correlations · O correlations
