ABG vs LAD: Correlation
How closely do Asbury Automotive Group Inc (ABG) and Lithia Motors, Inc. (LAD) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABG and LAD?
On 3 years of weekly data the ABG/LAD correlation comes out at 0.70, strong. The past 12 months show a weaker link (0.58) than the 3-year average (0.70). The 5-year figure is 0.69, and annualized covariance runs at 823.0 %².
Few assets follow ABG as closely as LAD, which ranks #3 of 12 tracked partners. The last year tells two different stories: LAD led by 27.9 percentage points, -17.9% for ABG against +10.0% for LAD.
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.
ABG vs LAD: side by side
| ABG (Asbury Automotive Group Inc) | LAD (Lithia Motors, Inc.) | |
|---|---|---|
| 1-year return | -17.9% | +10.0% |
| 5-year return | +13.5% | +17.3% |
| Volatility (ann.) | 33.4% | 35.4% |
| Beta vs S&P 500 | 1.02 | 1.11 |
| Max drawdown (3Y) | -42.4% | -37.8% |
| Market cap | $3.8B | $8.2B |
| P/E (trailing) | 7.8 | 12.3 |
| Dividend yield | 0.00% | 0.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABG | LAD |
|---|---|---|
| 2022 | +3.8% | -30.6% |
| 2023 | +25.5% | +62.0% |
| 2024 | +8.0% | +9.3% |
| 2025 | -4.3% | -6.3% |
| 2026 | -9.4% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABG and LAD good diversifiers for each other?
Only partially. A correlation of 0.70 means ABG and LAD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ABG and LAD?
The ABG/LAD correlation stands at 0.70 on a 3-year window (1 year: 0.58, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is LAD a good diversifier for ABG?
Only partially. A correlation of 0.70 means ABG and LAD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/abg-vs-lad.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abg-vs-lad/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABG correlations · LAD correlations
