LZB vs UONEK: Correlation
Measured on weekly returns over the past three years, La-Z-Boy Incorporated (LZB) and Urban One, Inc. (UONEK) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZB and UONEK?
Across a 3-year window, the weekly returns of LZB and UONEK correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 1237.1 %².
Among the 14 assets we track against LZB, UONEK ranks #8 by 3-year correlation. The last year tells two different stories: LZB led by 37.9 percentage points, -8.9% for LZB against -46.8% for UONEK. One caveat on sizing: UONEK is 2.4 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.
LZB vs UONEK: side by side
| LZB (La-Z-Boy Incorporated) | UONEK (Urban One, Inc.) | |
|---|---|---|
| 1-year return | -8.9% | -46.8% |
| 5-year return | +3.8% | -93.7% |
| Volatility (ann.) | 33.7% | 82.3% |
| Beta vs S&P 500 | 0.78 | 0.73 |
| Max drawdown (3Y) | -37.9% | -93.1% |
| Market cap | $1.3B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 2.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LZB | UONEK |
|---|---|---|
| 2022 | -35.5% | +10.9% |
| 2023 | +65.7% | -6.1% |
| 2024 | +20.4% | -71.7% |
| 2025 | -12.5% | -14.0% |
| 2026 | -11.0% | -49.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZB and UONEK good diversifiers for each other?
Reasonably. At 0.45, LZB and UONEK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LZB and UONEK?
The LZB/UONEK correlation stands at 0.45 on a 3-year window (1 year: 0.54, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is UONEK a good diversifier for LZB?
Reasonably. At 0.45, LZB and UONEK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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
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Related comparisons
Hubs: LZB correlations · UONEK correlations
