AIN vs WWW: Correlation
How closely do Albany International Corporation (AIN) and Wolverine World Wide, Inc. (WWW) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIN and WWW?
On 3 years of weekly data the AIN/WWW correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 1085.4 %².
By 3-year correlation, WWW places #9 of the 20 assets tracked against AIN. Correlation aside, the last 12 months split them widely, with AIN ahead by 30.8 points (-5.6% versus -36.4%). Risk is not evenly split, since WWW carries 1.6 times the volatility of the other side.
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.
AIN vs WWW: side by side
| AIN (Albany International Corporation) | WWW (Wolverine World Wide, Inc.) | |
|---|---|---|
| 1-year return | -5.6% | -36.4% |
| 5-year return | -19.2% | -38.6% |
| Volatility (ann.) | 36.2% | 57.1% |
| Beta vs S&P 500 | 1.13 | 1.60 |
| Max drawdown (3Y) | -57.1% | -58.0% |
| Market cap | $1.7B | $1.6B |
| P/E (trailing) | – | 15.7 |
| Dividend yield | 1.88% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIN | WWW |
|---|---|---|
| 2022 | +12.6% | -61.1% |
| 2023 | +0.7% | -15.6% |
| 2024 | -17.6% | +155.3% |
| 2025 | -35.5% | -16.5% |
| 2026 | +17.9% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIN and WWW good diversifiers for each other?
Only partially. A correlation of 0.53 means AIN and WWW 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 AIN and WWW?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.53 over the last year and 0.48 over 5 years.
Is WWW a good diversifier for AIN?
Only partially. A correlation of 0.53 means AIN and WWW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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/ain-vs-www.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ain-vs-www/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIN correlations · WWW correlations
