LXFR vs MNKD: Correlation
How closely do Luxfer Holdings PLC (LXFR) and MannKind Corporation (MNKD) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXFR and MNKD?
Across a 3-year window, the weekly returns of LXFR and MNKD correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 1186.1 %².
Within LXFR's tracked universe of 11 assets, MNKD comes in at #6 by 3-year correlation. The last year tells two different stories: LXFR led by 41.8 percentage points, +31.6% for LXFR against -10.2% for MNKD.
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.
LXFR vs MNKD: side by side
| LXFR (Luxfer Holdings PLC) | MNKD (MannKind Corporation) | |
|---|---|---|
| 1-year return | +31.6% | -10.2% |
| 5-year return | -1.2% | -13.8% |
| Volatility (ann.) | 44.1% | 57.7% |
| Beta vs S&P 500 | 0.97 | 1.17 |
| Max drawdown (3Y) | -42.1% | -69.4% |
| Market cap | $0.5B | $1.3B |
| P/E (trailing) | 35.0 | – |
| Dividend yield | 3.03% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LXFR | MNKD |
|---|---|---|
| 2022 | -26.6% | +20.6% |
| 2023 | -32.3% | -30.9% |
| 2024 | +53.9% | +76.6% |
| 2025 | +7.8% | -11.8% |
| 2026 | +30.1% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXFR and MNKD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LXFR and MNKD?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.46 over the last year and 0.38 over 5 years.
Is MNKD a good diversifier for LXFR?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/lxfr-vs-mnkd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lxfr-vs-mnkd/)
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Related comparisons
Hubs: LXFR correlations · MNKD correlations
