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LECO correlations (Lincoln Electric Holdings, Inc.)

Which assets move with LECO and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

27.9%

3y weekly

Beta vs S&P 500

1.03

3y weekly

1-year return

+18.4%

price, adjusted

5-year return

+120.5%

price, adjusted

Market cap

$15.8B

latest

P/E ratio

29.0

trailing

Dividend yield

1.08%

trailing

Max drawdown

-34.3%

3y, daily closes

LECO over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with LECO

Asset		Correlation (3Y)
MDY	SPDR S&P MidCap 400 ETF	0.69
NDSN	Nordson Corporation	0.69
XLI	Industrial Select Sector SPDR Fund	0.68
ITT	ITT Inc.	0.68
ITW	Illinois Tool Works	0.68

These are the assets whose returns had the least to do with LECO's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.47
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.45
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.31

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/leco.json

Correlations, diversifiers, beta and volatility for LECO, plus one endpoint per pair. API documentation.

ETF		LECO weight
MDY	SPDR S&P MidCap 400 ETF	0.44%
VIG	Vanguard Dividend Appreciation ETF	0.06%