ABG vs PAG: Correlation
How closely do Asbury Automotive Group Inc (ABG) and Penske Automotive Group, Inc. (PAG) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABG and PAG?
Over the past 3 years, ABG and PAG moved with a correlation of 0.74, which is strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.74 over 3. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 652.2 %².
PAG is one of the assets that tracks ABG most closely: it ranks #1 out of the 12 assets we track against ABG. Their recent paths diverged sharply: over the last 12 months PAG outperformed by 37.4 percentage points (-17.9% for ABG against +19.5% for PAG).
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 PAG: side by side
| ABG (Asbury Automotive Group Inc) | PAG (Penske Automotive Group, Inc.) | |
|---|---|---|
| 1-year return | -17.9% | +19.5% |
| 5-year return | +13.5% | +177.2% |
| Volatility (ann.) | 33.4% | 26.3% |
| Beta vs S&P 500 | 1.02 | 0.66 |
| Max drawdown (3Y) | -42.4% | -24.0% |
| Market cap | $3.8B | $14.3B |
| P/E (trailing) | 7.8 | 15.8 |
| Dividend yield | 0.00% | 2.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABG | PAG |
|---|---|---|
| 2022 | +3.8% | +9.2% |
| 2023 | +25.5% | +42.3% |
| 2024 | +8.0% | -2.5% |
| 2025 | -4.3% | +7.1% |
| 2026 | -9.4% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABG and PAG good diversifiers for each other?
Only partially. A correlation of 0.74 means ABG and PAG 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 PAG?
The ABG/PAG correlation stands at 0.74 on a 3-year window (1 year: 0.69, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is PAG a good diversifier for ABG?
Only partially. A correlation of 0.74 means ABG and PAG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abg-vs-pag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abg-vs-pag/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABG correlations · PAG correlations
