LUMN vs ZNB: Correlation
Lumen Technologies, Inc. (LUMN) and Zeta Network Group - Class A (ZNB) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUMN and ZNB?
Across a 3-year window, the weekly returns of LUMN and ZNB correlate at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.35 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 5595.9 %².
Among the 11 assets we track against LUMN, ZNB ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LUMN outperformed by 116.4 percentage points (+16.5% for LUMN against -99.9% for ZNB). One caveat on sizing: ZNB is 1.7 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.
LUMN vs ZNB: side by side
| LUMN (Lumen Technologies, Inc.) | ZNB (Zeta Network Group - Class A) | |
|---|---|---|
| 1-year return | +16.5% | -99.9% |
| 5-year return | -44.0% | -100.0% |
| Volatility (ann.) | 95.4% | 165.3% |
| Beta vs S&P 500 | 0.90 | 2.26 |
| Max drawdown (3Y) | -69.7% | -100.0% |
| Market cap | $6.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LUMN | ZNB |
|---|---|---|
| 2022 | -55.5% | -95.4% |
| 2023 | -64.9% | -59.3% |
| 2024 | +190.2% | -93.6% |
| 2025 | +46.3% | -99.0% |
| 2026 | -21.0% | -99.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUMN and ZNB good diversifiers for each other?
Reasonably. At 0.35, LUMN and ZNB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LUMN and ZNB?
As of 2026-08-27, the correlation of weekly returns between LUMN and ZNB is 0.35 over 3 years, 0.11 over 1 year and 0.27 over 5 years.
Is ZNB a good diversifier for LUMN?
Reasonably. At 0.35, LUMN and ZNB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: LUMN correlations · ZNB correlations
