LVLU vs SPY: Correlation
Lulu's Fashion Lounge Holdings, Inc. (LVLU) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVLU and SPY?
Across a 3-year window, the weekly returns of LVLU and SPY correlate at 0.04, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.08) than the 3-year average (0.04). Stretching to 5 years gives 0.17, with an annualized covariance of 71.0 %².
Out of 10 assets tracked against LVLU, SPY lands near the bottom at #6. Correlation aside, the last 12 months split them widely, with LVLU ahead by 160.2 points (+180.8% versus +20.6%). Note the risk asymmetry: LVLU runs 7.8 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.
LVLU vs SPY: side by side
| LVLU (Lulu's Fashion Lounge Holdings, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +180.8% | +20.6% |
| 5-year return | -93.3% | +82.4% |
| Volatility (ann.) | 113.3% | 14.5% |
| Beta vs S&P 500 | 0.34 | 1.00 |
| Max drawdown (3Y) | -92.1% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | LVLU | SPY |
|---|---|---|
| 2022 | -75.5% | -18.2% |
| 2023 | -25.9% | +26.2% |
| 2024 | -39.2% | +24.9% |
| 2025 | -69.2% | +17.7% |
| 2026 | +152.3% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVLU and SPY good diversifiers for each other?
Yes. With a correlation of 0.04, LVLU and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LVLU and SPY?
As of 2026-08-27, the correlation of weekly returns between LVLU and SPY is 0.04 over 3 years, -0.08 over 1 year and 0.17 over 5 years.
Is SPY a good diversifier for LVLU?
Yes. With a correlation of 0.04, LVLU and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.04 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.
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Hubs: LVLU correlations · SPY correlations
