LWAY vs RSKD: Correlation
Lifeway Foods, Inc. (LWAY) and Riskified Ltd. Class A (RSKD) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LWAY and RSKD?
Over the past 3 years, LWAY and RSKD moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.01) than the 3-year average (-0.21). Over 5 years the correlation is 0.03, and the annualized covariance of weekly returns is -590.5 %².
Out of 11 assets tracked against LWAY, RSKD lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with RSKD ahead by 45.7 points (-14.1% versus +31.6%). Risk is not evenly split, since LWAY carries 1.9 times the volatility of the other side.
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.
LWAY vs RSKD: side by side
| LWAY (Lifeway Foods, Inc.) | RSKD (Riskified Ltd. Class A) | |
|---|---|---|
| 1-year return | -14.1% | +31.6% |
| 5-year return | +385.7% | -81.3% |
| Volatility (ann.) | 73.8% | 38.0% |
| Beta vs S&P 500 | 0.75 | 1.09 |
| Max drawdown (3Y) | -60.5% | -42.2% |
| Market cap | $0.4B | $0.8B |
| P/E (trailing) | 38.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LWAY | RSKD |
|---|---|---|
| 2022 | +20.7% | -41.2% |
| 2023 | +141.6% | +1.3% |
| 2024 | +84.9% | +1.1% |
| 2025 | -2.3% | +5.1% |
| 2026 | +7.8% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LWAY and RSKD good diversifiers for each other?
Yes. With a correlation of -0.21, LWAY and RSKD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LWAY and RSKD?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.01 over the last year and 0.03 over 5 years.
Is RSKD a good diversifier for LWAY?
Yes. With a correlation of -0.21, LWAY and RSKD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: LWAY correlations · RSKD correlations
