LYEL vs RENT: Correlation
Measured on weekly returns over the past three years, Lyell Immunopharma, Inc. (LYEL) and Rent the Runway, Inc. (RENT) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYEL and RENT?
Across a 3-year window, the weekly returns of LYEL and RENT correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.36, with an annualized covariance of 8647.1 %².
Within LYEL's tracked universe of 13 assets, RENT comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LYEL ahead by 65.3 points (+29.5% versus -35.8%). Risk is not evenly split, since RENT carries 2.1 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.
LYEL vs RENT: side by side
| LYEL (Lyell Immunopharma, Inc.) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | +29.5% | -35.8% |
| 5-year return | -95.4% | -99.1% |
| Volatility (ann.) | 99.9% | 212.1% |
| Beta vs S&P 500 | 2.09 | 2.17 |
| Max drawdown (3Y) | -87.3% | -91.6% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | 0.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LYEL | RENT |
|---|---|---|
| 2022 | -55.2% | -62.6% |
| 2023 | -44.1% | -82.7% |
| 2024 | -67.0% | -19.5% |
| 2025 | +140.5% | -6.9% |
| 2026 | -52.5% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYEL and RENT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LYEL and RENT?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.46 over the last year and 0.36 over 5 years.
Is RENT a good diversifier for LYEL?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lyel-vs-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lyel-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LYEL correlations · RENT correlations
