LVWR vs ZEO: Correlation
LiveWire Group, Inc. (LVWR) and Zeo Energy Corporation (ZEO) 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 LVWR and ZEO?
Across a 3-year window, the weekly returns of LVWR and ZEO correlate at 0.35, moderate. The past 12 months show a weaker link (0.01) than the 3-year average (0.35). Stretching to 5 years gives 0.34, with an annualized covariance of 10517.0 %².
Within LVWR's tracked universe of 17 assets, ZEO comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LVWR ahead by 16.5 points (-65.2% versus -81.7%). Note the risk asymmetry: LVWR runs 1.8 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.
LVWR vs ZEO: side by side
| LVWR (LiveWire Group, Inc.) | ZEO (Zeo Energy Corporation) | |
|---|---|---|
| 1-year return | -65.2% | -81.7% |
| 5-year return | -86.0% | -96.8% |
| Volatility (ann.) | 230.4% | 130.0% |
| Beta vs S&P 500 | 2.09 | 1.10 |
| Max drawdown (3Y) | -94.6% | -97.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LVWR | ZEO |
|---|---|---|
| 2022 | -51.5% | +4.2% |
| 2023 | +133.2% | +8.9% |
| 2024 | -57.5% | -69.5% |
| 2025 | -8.1% | -68.2% |
| 2026 | -69.2% | -70.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVWR and ZEO good diversifiers for each other?
Reasonably. At 0.35, LVWR and ZEO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LVWR and ZEO?
The LVWR/ZEO correlation stands at 0.35 on a 3-year window (1 year: 0.01, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is ZEO a good diversifier for LVWR?
Reasonably. At 0.35, LVWR and ZEO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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/lvwr-vs-zeo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lvwr-vs-zeo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LVWR correlations · ZEO correlations
