LUCY vs WOOF: Correlation
Measured on weekly returns over the past three years, Innovative Eyewear, Inc. (LUCY) and Petco Health and Wellness Company, Inc. (WOOF) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUCY and WOOF?
On 3 years of weekly data the LUCY/WOOF correlation comes out at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.34 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 7359.3 %².
Among the 16 assets we track against LUCY, WOOF ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WOOF outperformed by 36.4 percentage points (-51.7% for LUCY against -15.3% for WOOF). Note the risk asymmetry: LUCY runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WOOF: side by side
| LUCY (Innovative Eyewear, Inc.) | WOOF (Petco Health and Wellness Company, Inc.) | |
|---|---|---|
| 1-year return | -51.7% | -15.3% |
| 5-year return | n/a | -87.2% |
| Volatility (ann.) | 259.2% | 84.1% |
| Beta vs S&P 500 | 1.73 | 1.55 |
| Max drawdown (3Y) | -96.7% | -72.3% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 135.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LUCY | WOOF |
|---|---|---|
| 2022 | – | -52.1% |
| 2023 | -69.2% | -66.7% |
| 2024 | -41.7% | +20.6% |
| 2025 | -79.7% | -26.2% |
| 2026 | -5.6% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUCY and WOOF good diversifiers for each other?
Reasonably. At 0.34, LUCY and WOOF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LUCY and WOOF?
The LUCY/WOOF correlation stands at 0.34 on a 3-year window (1 year: 0.14, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is WOOF a good diversifier for LUCY?
Reasonably. At 0.34, LUCY and WOOF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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/lucy-vs-woof.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lucy-vs-woof/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LUCY correlations · WOOF correlations
