LW vs ZOOZ: Correlation
Measured on weekly returns over the past three years, Lamb Weston Holdings, Inc. (LW) and ZOOZ Strategy Ltd. (ZOOZ) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LW and ZOOZ?
On 3 years of weekly data the LW/ZOOZ correlation comes out at 0.34, moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.34). The 5-year figure is n/a, and annualized covariance runs at 2191.1 %².
ZOOZ is one of the assets that tracks LW most closely: it ranks #3 out of the 17 assets we track against LW. The last year tells two different stories: LW led by 78.6 percentage points, -0.3% for LW against -78.9% for ZOOZ. Note the risk asymmetry: ZOOZ runs 3.4 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.
LW vs ZOOZ: side by side
| LW (Lamb Weston Holdings, Inc.) | ZOOZ (ZOOZ Strategy Ltd.) | |
|---|---|---|
| 1-year return | -0.3% | -78.9% |
| 5-year return | -6.1% | n/a |
| Volatility (ann.) | 43.2% | 147.3% |
| Beta vs S&P 500 | 0.44 | 1.83 |
| Max drawdown (3Y) | -63.1% | -93.9% |
| Market cap | $7.5B | $0.1B |
| P/E (trailing) | 26.6 | – |
| Dividend yield | 2.71% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LW | ZOOZ |
|---|---|---|
| 2022 | +42.9% | – |
| 2023 | +22.3% | – |
| 2024 | -37.0% | – |
| 2025 | -35.7% | -82.1% |
| 2026 | +34.1% | -22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LW and ZOOZ 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 ZOOZ?
The LW/ZOOZ correlation stands at 0.34 on a 3-year window (1 year: 0.17, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ZOOZ 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?
On the −1 to +1 scale, 0.34 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-zooz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lw-vs-zooz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LW correlations · ZOOZ correlations
