LZB vs PATK: Correlation
La-Z-Boy Incorporated (LZB) and Patrick Industries, Inc. (PATK) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZB and PATK?
On 3 years of weekly data the LZB/PATK correlation comes out at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.56). The 5-year figure is 0.53, and annualized covariance runs at 666.4 %².
In LZB's tracked universe of 14 assets, PATK sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months LZB outperformed by 16.9 percentage points (-8.9% for LZB against -25.8% for PATK).
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 PATK: side by side
| LZB (La-Z-Boy Incorporated) | PATK (Patrick Industries, Inc.) | |
|---|---|---|
| 1-year return | -8.9% | -25.8% |
| 5-year return | +3.8% | +62.2% |
| Volatility (ann.) | 33.7% | 35.5% |
| Beta vs S&P 500 | 0.78 | 1.04 |
| Max drawdown (3Y) | -37.9% | -42.9% |
| Market cap | $1.3B | $2.7B |
| P/E (trailing) | 16.4 | 19.9 |
| Dividend yield | 2.93% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LZB | PATK |
|---|---|---|
| 2022 | -35.5% | -23.1% |
| 2023 | +65.7% | +69.6% |
| 2024 | +20.4% | +26.5% |
| 2025 | -12.5% | +32.7% |
| 2026 | -11.0% | -22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZB and PATK good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LZB and PATK?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.44 over the last year and 0.53 over 5 years.
Is PATK a good diversifier for LZB?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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-patk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lzb-vs-patk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LZB correlations · PATK correlations
