LYFT vs REZI: Correlation
How closely do Lyft, Inc. (LYFT) and Resideo Technologies, Inc. (REZI) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYFT and REZI?
Over the past 3 years, LYFT and REZI moved with a correlation of 0.55, which is moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.55). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 1646.9 %².
Few assets follow LYFT as closely as REZI, which ranks #2 of 13 tracked partners. The last year tells two different stories: LYFT led by 24.1 percentage points, +6.8% for LYFT against -17.3% for REZI.
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.
LYFT vs REZI: side by side
| LYFT (Lyft, Inc.) | REZI (Resideo Technologies, Inc.) | |
|---|---|---|
| 1-year return | +6.8% | -17.3% |
| 5-year return | -63.2% | -11.7% |
| Volatility (ann.) | 61.8% | 48.9% |
| Beta vs S&P 500 | 1.77 | 1.58 |
| Max drawdown (3Y) | -55.2% | -47.1% |
| Market cap | $6.6B | $3.0B |
| P/E (trailing) | 2.5 | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LYFT | REZI |
|---|---|---|
| 2022 | -74.2% | -36.8% |
| 2023 | +36.0% | +14.4% |
| 2024 | -13.9% | +22.5% |
| 2025 | +50.2% | +52.4% |
| 2026 | -10.4% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYFT and REZI good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LYFT and REZI?
The LYFT/REZI correlation stands at 0.55 on a 3-year window (1 year: 0.33, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is REZI a good diversifier for LYFT?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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/lyft-vs-rezi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lyft-vs-rezi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LYFT correlations · REZI correlations
