LULU vs TNL: Correlation
Measured on weekly returns over the past three years, Lululemon Athletica (LULU) and Travel Leisure Co. (TNL) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LULU and TNL?
Across a 3-year window, the weekly returns of LULU and TNL correlate at 0.41, moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.41). Stretching to 5 years gives 0.40, with an annualized covariance of 515.1 %².
By 3-year correlation, TNL places #15 of the 34 assets tracked against LULU. The last year tells two different stories: TNL led by 63.3 percentage points, -44.1% for LULU against +19.2% for TNL.
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 TNL: side by side
| LULU (Lululemon Athletica) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | -44.1% | +19.2% |
| 5-year return | -72.3% | +59.9% |
| Volatility (ann.) | 41.8% | 30.1% |
| Beta vs S&P 500 | 0.98 | 1.19 |
| Max drawdown (3Y) | -79.4% | -32.2% |
| Market cap | $13.1B | $4.4B |
| P/E (trailing) | 9.4 | 19.9 |
| Dividend yield | 0.00% | 3.15% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LULU | TNL |
|---|---|---|
| 2022 | -18.2% | -31.7% |
| 2023 | +59.6% | +12.5% |
| 2024 | -25.2% | +34.8% |
| 2025 | -45.7% | +45.5% |
| 2026 | -44.7% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LULU and TNL good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LULU and TNL?
The LULU/TNL correlation stands at 0.41 on a 3-year window (1 year: 0.52, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is TNL a good diversifier for LULU?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lulu-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LULU correlations · TNL correlations
