LZ vs ONT: Correlation
Measured on weekly returns over the past three years, LegalZoom.com, Inc. (LZ) and Onterris, Inc. (ONT) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZ and ONT?
On 3 years of weekly data the LZ/ONT correlation comes out at 0.40, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.40 over 3 years. The 5-year figure is 0.33, and annualized covariance runs at 1301.8 %².
Among the 15 assets we track against LZ, ONT ranks #7 by 3-year correlation. Their 12-month results are close: -45.9% for LZ against -45.6% for ONT.
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.
LZ vs ONT: side by side
| LZ (LegalZoom.com, Inc.) | ONT (Onterris, Inc.) | |
|---|---|---|
| 1-year return | -45.9% | -45.6% |
| 5-year return | -82.4% | -66.3% |
| Volatility (ann.) | 51.4% | 63.4% |
| Beta vs S&P 500 | 0.94 | 1.17 |
| Max drawdown (3Y) | -60.0% | -78.4% |
| Market cap | $1.0B | $0.6B |
| P/E (trailing) | 67.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LZ | ONT |
|---|---|---|
| 2022 | -51.8% | -37.0% |
| 2023 | +46.0% | -27.6% |
| 2024 | -33.5% | -42.3% |
| 2025 | +32.2% | +33.9% |
| 2026 | -39.1% | -34.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZ and ONT good diversifiers for each other?
Reasonably. At 0.40, LZ and ONT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LZ and ONT?
The LZ/ONT correlation stands at 0.40 on a 3-year window (1 year: 0.55, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is ONT a good diversifier for LZ?
Reasonably. At 0.40, LZ and ONT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/lz-vs-ont.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lz-vs-ont/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LZ correlations · ONT correlations
