LW vs MEDP: Correlation
Measured on weekly returns over the past three years, Lamb Weston Holdings, Inc. (LW) and Medpace Holdings, Inc. (MEDP) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LW and MEDP?
Over the past 3 years, LW and MEDP moved with a correlation of 0.31, which is moderate. The past 12 months show a weaker link (0.05) than the 3-year average (0.31). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 628.5 %².
By 3-year correlation, MEDP places #5 of the 17 assets tracked against LW. The last year tells two different stories: MEDP led by 29.5 percentage points, -0.3% for LW against +29.2% for MEDP.
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.
LW vs MEDP: side by side
| LW (Lamb Weston Holdings, Inc.) | MEDP (Medpace Holdings, Inc.) | |
|---|---|---|
| 1-year return | -0.3% | +29.2% |
| 5-year return | -6.1% | +231.5% |
| Volatility (ann.) | 43.2% | 46.4% |
| Beta vs S&P 500 | 0.44 | 1.04 |
| Max drawdown (3Y) | -63.1% | -39.4% |
| Market cap | $7.5B | $17.1B |
| P/E (trailing) | 26.6 | 36.4 |
| Dividend yield | 2.71% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LW | MEDP |
|---|---|---|
| 2022 | +42.9% | -2.4% |
| 2023 | +22.3% | +44.3% |
| 2024 | -37.0% | +8.4% |
| 2025 | -35.7% | +69.1% |
| 2026 | +34.1% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LW and MEDP good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LW and MEDP?
The LW/MEDP correlation stands at 0.31 on a 3-year window (1 year: 0.05, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is MEDP a good diversifier for LW?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lw-vs-medp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lw-vs-medp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LW correlations · MEDP correlations
