AIIO vs LESL: Correlation
Measured on weekly returns over the past three years, Robo.ai Inc. - Class B (AIIO) and Leslie's, Inc. (LESL) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and LESL?
Over the past 3 years, AIIO and LESL moved with a correlation of 0.39, which is moderate. The past 12 months show a tighter link (0.50) than the 3-year average (0.39). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 13843.6 %².
By 3-year correlation, LESL places #7 of the 35 assets tracked against AIIO. Neither side won the trailing year by much: -91.3% against -92.4%. Note the risk asymmetry: AIIO runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AIIO vs LESL: side by side
| AIIO (Robo.ai Inc. - Class B) | LESL (Leslie's, Inc.) | |
|---|---|---|
| 1-year return | -91.3% | -92.4% |
| 5-year return | -98.8% | -99.9% |
| Volatility (ann.) | 280.6% | 125.8% |
| Beta vs S&P 500 | 0.74 | 1.83 |
| Max drawdown (3Y) | -99.7% | -99.7% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIIO | LESL |
|---|---|---|
| 2022 | -9.2% | -48.4% |
| 2023 | -27.5% | -43.4% |
| 2024 | -91.0% | -67.7% |
| 2025 | -56.6% | -96.3% |
| 2026 | -61.3% | -67.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and LESL good diversifiers for each other?
Reasonably. At 0.39, AIIO and LESL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AIIO and LESL?
As of 2026-08-27, the correlation of weekly returns between AIIO and LESL is 0.39 over 3 years, 0.50 over 1 year and 0.36 over 5 years.
Is LESL a good diversifier for AIIO?
Reasonably. At 0.39, AIIO and LESL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: AIIO correlations · LESL correlations
