LYTS vs SLQT: Correlation
How closely do LSI Industries Inc. (LYTS) and SelectQuote, Inc. (SLQT) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYTS and SLQT?
Across a 3-year window, the weekly returns of LYTS and SLQT correlate at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.40 over 3 years. Stretching to 5 years gives 0.24, with an annualized covariance of 1316.1 %².
Among the 12 assets we track against LYTS, SLQT ranks #7 by 3-year correlation. The last year tells two different stories: LYTS led by 67.6 percentage points, -10.0% for LYTS against -77.6% for SLQT. Risk is not evenly split, since SLQT carries 2.2 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.
LYTS vs SLQT: side by side
| LYTS (LSI Industries Inc.) | SLQT (SelectQuote, Inc.) | |
|---|---|---|
| 1-year return | -10.0% | -77.6% |
| 5-year return | +167.4% | -93.9% |
| Volatility (ann.) | 38.6% | 86.4% |
| Beta vs S&P 500 | 1.13 | 1.55 |
| Max drawdown (3Y) | -40.6% | -91.1% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | 30.1 | – |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LYTS | SLQT |
|---|---|---|
| 2022 | +82.9% | -92.6% |
| 2023 | +16.8% | +103.9% |
| 2024 | +39.7% | +171.5% |
| 2025 | -4.7% | -62.1% |
| 2026 | +10.6% | -61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYTS and SLQT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LYTS and SLQT?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.28 over the last year and 0.24 over 5 years.
Is SLQT a good diversifier for LYTS?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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: LYTS correlations · SLQT correlations
