LW vs SAIA: Correlation
Lamb Weston Holdings, Inc. (LW) and Saia, Inc. (SAIA) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LW and SAIA?
Over the past 3 years, LW and SAIA moved with a correlation of 0.34, which is moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.34 over 3. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 729.9 %².
SAIA is one of the assets that tracks LW most closely: it ranks #2 out of the 17 assets we track against LW. The last year tells two different stories: SAIA led by 16.9 percentage points, -0.3% for LW against +16.6% for SAIA.
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 SAIA: side by side
| LW (Lamb Weston Holdings, Inc.) | SAIA (Saia, Inc.) | |
|---|---|---|
| 1-year return | -0.3% | +16.6% |
| 5-year return | -6.1% | +44.1% |
| Volatility (ann.) | 43.2% | 50.1% |
| Beta vs S&P 500 | 0.44 | 1.25 |
| Max drawdown (3Y) | -63.1% | -60.9% |
| Market cap | $7.5B | $9.4B |
| P/E (trailing) | 26.6 | 33.8 |
| Dividend yield | 2.71% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LW | SAIA |
|---|---|---|
| 2022 | +42.9% | -37.8% |
| 2023 | +22.3% | +109.0% |
| 2024 | -37.0% | +4.0% |
| 2025 | -35.7% | -28.4% |
| 2026 | +34.1% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LW and SAIA good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LW and SAIA?
The LW/SAIA correlation stands at 0.34 on a 3-year window (1 year: 0.30, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is SAIA a good diversifier for LW?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lw-vs-saia.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lw-vs-saia/)
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Related comparisons
Hubs: LW correlations · SAIA correlations
