LULU vs WTI: Correlation
Measured on weekly returns over the past three years, Lululemon Athletica (LULU) and W&T Offshore, Inc. (WTI) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LULU and WTI?
Over the past 3 years, LULU and WTI moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.22 over 3 years. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -596.9 %².
By 3-year correlation, WTI places #29 of the 34 assets tracked against LULU. Their recent paths diverged sharply: over the last 12 months WTI outperformed by 149.0 percentage points (-44.1% for LULU against +104.9% for WTI). One caveat on sizing: WTI is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WTI: side by side
| LULU (Lululemon Athletica) | WTI (W&T Offshore, Inc.) | |
|---|---|---|
| 1-year return | -44.1% | +104.9% |
| 5-year return | -72.3% | +18.8% |
| Volatility (ann.) | 41.8% | 64.6% |
| Beta vs S&P 500 | 0.98 | 0.24 |
| Max drawdown (3Y) | -79.4% | -74.3% |
| Market cap | $13.1B | $0.6B |
| P/E (trailing) | 9.4 | – |
| Dividend yield | 0.00% | 1.12% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LULU | WTI |
|---|---|---|
| 2022 | -18.2% | +72.8% |
| 2023 | +59.6% | -41.4% |
| 2024 | -25.2% | -48.2% |
| 2025 | -45.7% | +0.6% |
| 2026 | -44.7% | +126.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LULU and WTI good diversifiers for each other?
Yes. With a correlation of -0.22, LULU and WTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LULU and WTI?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.34 over the last year and -0.10 over 5 years.
Is WTI a good diversifier for LULU?
Yes. With a correlation of -0.22, LULU and WTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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-wti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lulu-vs-wti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LULU correlations · WTI correlations
