LVS vs PAPL: Correlation
Las Vegas Sands (LVS) and Pineapple Financial Inc. (PAPL) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVS and PAPL?
Over the past 3 years, LVS and PAPL moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.10 over 1 year against -0.16 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -988.6 %².
By 3-year correlation, PAPL places #24 of the 29 assets tracked against LVS. Their recent paths diverged sharply: over the last 12 months LVS outperformed by 50.4 percentage points (-20.3% for LVS against -70.7% for PAPL). One caveat on sizing: PAPL is 5.2 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.
LVS vs PAPL: side by side
| LVS (Las Vegas Sands) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | -20.3% | -70.7% |
| 5-year return | +8.5% | n/a |
| Volatility (ann.) | 34.8% | 181.2% |
| Beta vs S&P 500 | 0.75 | -0.73 |
| Max drawdown (3Y) | -44.0% | -99.4% |
| Market cap | $28.7B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 2.49% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LVS | PAPL |
|---|---|---|
| 2022 | +27.7% | – |
| 2023 | +3.1% | – |
| 2024 | +6.2% | -74.7% |
| 2025 | +29.5% | -84.4% |
| 2026 | -30.8% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVS and PAPL good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between LVS and PAPL?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.10 over the last year and n/a over 5 years.
Is PAPL a good diversifier for LVS?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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/lvs-vs-papl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lvs-vs-papl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LVS correlations · PAPL correlations
