LZB vs MAGN: Correlation
La-Z-Boy Incorporated (LZB) and Magnera Corporation (MAGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZB and MAGN?
Over the past 3 years, LZB and MAGN moved with a correlation of 0.43, which is moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.43). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 1043.8 %².
Within LZB's tracked universe of 14 assets, MAGN comes in at #9 by 3-year correlation. The trailing year gives MAGN the advantage: -8.9% versus -1.0%, a 7.9-point spread. Note the risk asymmetry: MAGN runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LZB vs MAGN: side by side
| LZB (La-Z-Boy Incorporated) | MAGN (Magnera Corporation) | |
|---|---|---|
| 1-year return | -8.9% | -1.0% |
| 5-year return | +3.8% | -93.7% |
| Volatility (ann.) | 33.7% | 71.5% |
| Beta vs S&P 500 | 0.78 | 1.31 |
| Max drawdown (3Y) | -37.9% | -76.8% |
| Market cap | $1.3B | $0.4B |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 2.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LZB | MAGN |
|---|---|---|
| 2022 | -35.5% | -83.3% |
| 2023 | +65.7% | -30.2% |
| 2024 | +20.4% | -28.0% |
| 2025 | -12.5% | -16.7% |
| 2026 | -11.0% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZB and MAGN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LZB and MAGN?
As of 2026-08-27, the correlation of weekly returns between LZB and MAGN is 0.43 over 3 years, 0.68 over 1 year and 0.36 over 5 years.
Is MAGN a good diversifier for LZB?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lzb-vs-magn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lzb-vs-magn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LZB correlations · MAGN correlations
