LULU vs LVS: Correlation
How closely do Lululemon Athletica (LULU) and Las Vegas Sands (LVS) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LULU and LVS?
On 3 years of weekly data the LULU/LVS correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 503.3 %².
Among the 34 assets we track against LULU, LVS ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LVS outperformed by 23.8 percentage points (-44.1% for LULU against -20.3% for LVS). The rolling one-year correlation moved between 0.07 and 0.51 over the past three years, a moderate range.
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.
LULU vs LVS: side by side
| LULU (Lululemon Athletica) | LVS (Las Vegas Sands) | |
|---|---|---|
| 1-year return | -44.1% | -20.3% |
| 5-year return | -72.3% | +8.5% |
| Volatility (ann.) | 41.8% | 34.8% |
| Beta vs S&P 500 | 0.98 | 0.75 |
| Max drawdown (3Y) | -79.4% | -44.0% |
| Market cap | $13.1B | $28.7B |
| P/E (trailing) | 9.4 | 17.1 |
| Dividend yield | 0.00% | 2.49% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | LULU | LVS |
|---|---|---|
| 2022 | -18.2% | +27.7% |
| 2023 | +59.6% | +3.1% |
| 2024 | -25.2% | +6.2% |
| 2025 | -45.7% | +29.5% |
| 2026 | -44.7% | -30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LULU and LVS good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LULU and LVS?
As of 2026-08-27, the correlation of weekly returns between LULU and LVS is 0.35 over 3 years, 0.40 over 1 year and 0.32 over 5 years.
Is LVS a good diversifier for LULU?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/lulu-vs-lvs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lulu-vs-lvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LULU correlations · LVS correlations
