LZB vs PNC: Correlation
How closely do La-Z-Boy Incorporated (LZB) and PNC Financial Services (PNC) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZB and PNC?
Over the past 3 years, LZB and PNC moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 467.8 %².
By 3-year correlation, PNC places #5 of the 14 assets tracked against LZB. The last year tells two different stories: PNC led by 31.0 percentage points, -8.9% for LZB against +22.1% for PNC.
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 PNC: side by side
| LZB (La-Z-Boy Incorporated) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | -8.9% | +22.1% |
| 5-year return | +3.8% | +53.5% |
| Volatility (ann.) | 33.7% | 25.6% |
| Beta vs S&P 500 | 0.78 | 0.92 |
| Max drawdown (3Y) | -37.9% | -29.8% |
| Market cap | $1.3B | $97.1B |
| P/E (trailing) | 16.4 | 13.5 |
| Dividend yield | 2.93% | 2.78% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | LZB | PNC |
|---|---|---|
| 2022 | -35.5% | -18.6% |
| 2023 | +65.7% | +2.7% |
| 2024 | +20.4% | +29.4% |
| 2025 | -12.5% | +12.2% |
| 2026 | -11.0% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZB and PNC good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LZB and PNC?
As of 2026-08-27, the correlation of weekly returns between LZB and PNC is 0.54 over 3 years, 0.48 over 1 year and 0.53 over 5 years.
Is PNC a good diversifier for LZB?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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/lzb-vs-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lzb-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LZB correlations · PNC correlations
