LYFT vs TOST: Correlation
How closely do Lyft, Inc. (LYFT) and Toast, Inc. (TOST) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYFT and TOST?
Across a 3-year window, the weekly returns of LYFT and TOST correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.42 versus 0.52 over 3 years. Stretching to 5 years gives 0.48, with an annualized covariance of 1519.4 %².
TOST is one of the assets that tracks LYFT most closely: it ranks #3 out of the 13 assets we track against LYFT. Correlation aside, the last 12 months split them widely, with LYFT ahead by 26.6 points (+6.8% versus -19.8%).
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 TOST: side by side
| LYFT (Lyft, Inc.) | TOST (Toast, Inc.) | |
|---|---|---|
| 1-year return | +6.8% | -19.8% |
| 5-year return | -63.2% | -43.7% |
| Volatility (ann.) | 61.8% | 47.1% |
| Beta vs S&P 500 | 1.77 | 1.36 |
| Max drawdown (3Y) | -55.2% | -54.7% |
| Market cap | $6.6B | $20.3B |
| P/E (trailing) | 2.5 | 46.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LYFT | TOST |
|---|---|---|
| 2022 | -74.2% | -48.1% |
| 2023 | +36.0% | +1.3% |
| 2024 | -13.9% | +99.6% |
| 2025 | +50.2% | -2.6% |
| 2026 | -10.4% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYFT and TOST good diversifiers for each other?
Only partially. A correlation of 0.52 means LYFT and TOST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LYFT and TOST?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.42 over the last year and 0.48 over 5 years.
Is TOST a good diversifier for LYFT?
Only partially. A correlation of 0.52 means LYFT and TOST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lyft-vs-tost.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lyft-vs-tost/)
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Related comparisons
Hubs: LYFT correlations · TOST correlations
