LZM vs RPRX: Correlation
Lifezone Metals Limited (LZM) and Royalty Pharma plc - Class A (RPRX) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZM and RPRX?
Across a 3-year window, the weekly returns of LZM and RPRX correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.11) sits close to the 3-year figure. Stretching to 5 years gives -0.18, with an annualized covariance of -363.9 %².
Among the 12 assets we track against LZM, RPRX sits near the bottom by co-movement, at rank #8. The last year tells two different stories: RPRX led by 78.3 percentage points, -3.3% for LZM against +75.0% for RPRX. Risk is not evenly split, since LZM carries 3.9 times the volatility of the other side.
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.
LZM vs RPRX: side by side
| LZM (Lifezone Metals Limited) | RPRX (Royalty Pharma plc - Class A) | |
|---|---|---|
| 1-year return | -3.3% | +75.0% |
| 5-year return | -55.4% | +78.4% |
| Volatility (ann.) | 81.7% | 21.2% |
| Beta vs S&P 500 | 1.75 | 0.24 |
| Max drawdown (3Y) | -82.0% | -20.7% |
| Market cap | $0.4B | $35.8B |
| P/E (trailing) | – | 33.3 |
| Dividend yield | 0.00% | 1.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LZM | RPRX |
|---|---|---|
| 2022 | +4.7% | +1.0% |
| 2023 | -12.9% | -27.1% |
| 2024 | -23.1% | -6.4% |
| 2025 | -38.6% | +55.3% |
| 2026 | +3.0% | +62.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZM and RPRX good diversifiers for each other?
Yes. With a correlation of -0.21, LZM and RPRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LZM and RPRX?
The LZM/RPRX correlation stands at -0.21 on a 3-year window (1 year: -0.11, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is RPRX a good diversifier for LZM?
Yes. With a correlation of -0.21, LZM and RPRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/lzm-vs-rprx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lzm-vs-rprx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LZM correlations · RPRX correlations
