LZ vs SNGX: Correlation
How closely do LegalZoom.com, Inc. (LZ) and Soligenix, Inc. (SNGX) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZ and SNGX?
Over the past 3 years, LZ and SNGX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.02) runs above the 3-year figure (-0.24). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -2533.5 %².
Out of 15 assets tracked against LZ, SNGX lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months LZ outperformed by 41.4 percentage points (-45.9% for LZ against -87.3% for SNGX). One caveat on sizing: SNGX is 4.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SNGX: side by side
| LZ (LegalZoom.com, Inc.) | SNGX (Soligenix, Inc.) | |
|---|---|---|
| 1-year return | -45.9% | -87.3% |
| 5-year return | -82.4% | -99.8% |
| Volatility (ann.) | 51.4% | 205.9% |
| Beta vs S&P 500 | 0.94 | 0.50 |
| Max drawdown (3Y) | -60.0% | -98.2% |
| Market cap | $1.0B | – |
| P/E (trailing) | 67.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LZ | SNGX |
|---|---|---|
| 2022 | -51.8% | -31.8% |
| 2023 | +46.0% | -88.7% |
| 2024 | -33.5% | -77.8% |
| 2025 | +32.2% | -50.4% |
| 2026 | -39.1% | -71.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZ and SNGX good diversifiers for each other?
Yes. With a correlation of -0.24, LZ and SNGX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LZ and SNGX?
The LZ/SNGX correlation stands at -0.24 on a 3-year window (1 year: -0.02, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is SNGX a good diversifier for LZ?
Yes. With a correlation of -0.24, LZ and SNGX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/lz-vs-sngx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lz-vs-sngx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LZ correlations · SNGX correlations
