AAP vs DOUG: Correlation
How closely do Advance Auto Parts Inc. (AAP) and Douglas Elliman Inc. (DOUG) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAP and DOUG?
Across a 3-year window, the weekly returns of AAP and DOUG correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.36, with an annualized covariance of 1608.2 %².
Within AAP's tracked universe of 11 assets, DOUG comes in at #5 by 3-year correlation. Neither side won the trailing year by much: -26.7% against -30.1%.
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.
AAP vs DOUG: side by side
| AAP (Advance Auto Parts Inc.) | DOUG (Douglas Elliman Inc.) | |
|---|---|---|
| 1-year return | -26.7% | -30.1% |
| 5-year return | -75.5% | -83.0% |
| Volatility (ann.) | 57.4% | 76.4% |
| Beta vs S&P 500 | 0.80 | 0.95 |
| Max drawdown (3Y) | -64.2% | -66.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | 24.7 | 6.4 |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAP | DOUG |
|---|---|---|
| 2022 | -36.5% | -63.2% |
| 2023 | -57.6% | -22.6% |
| 2024 | -21.1% | -43.4% |
| 2025 | -15.0% | +41.9% |
| 2026 | +12.8% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAP and DOUG good diversifiers for each other?
Reasonably. At 0.37, AAP and DOUG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AAP and DOUG?
The AAP/DOUG correlation stands at 0.37 on a 3-year window (1 year: 0.30, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is DOUG a good diversifier for AAP?
Reasonably. At 0.37, AAP and DOUG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/aap-vs-doug.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aap-vs-doug/)
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Related comparisons
Hubs: AAP correlations · DOUG correlations
