ALG vs DE: Correlation
Measured on weekly returns over the past three years, Alamo Group, Inc. (ALG) and Deere & Company (DE) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALG and DE?
Over the past 3 years, ALG and DE moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 458.1 %².
By 3-year correlation, DE places #6 of the 17 assets tracked against ALG. The last year tells two different stories: DE led by 51.9 percentage points, -24.0% for ALG against +27.9% for DE.
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.
ALG vs DE: side by side
| ALG (Alamo Group, Inc.) | DE (Deere & Company) | |
|---|---|---|
| 1-year return | -24.0% | +27.9% |
| 5-year return | +9.2% | +74.5% |
| Volatility (ann.) | 30.3% | 26.7% |
| Beta vs S&P 500 | 0.83 | 0.65 |
| Max drawdown (3Y) | -36.3% | -19.9% |
| Market cap | $2.0B | $168.1B |
| P/E (trailing) | 19.8 | 35.2 |
| Dividend yield | 0.78% | 1.02% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ALG | DE |
|---|---|---|
| 2022 | -3.3% | +26.6% |
| 2023 | +49.2% | -5.5% |
| 2024 | -11.1% | +7.6% |
| 2025 | -9.1% | +11.4% |
| 2026 | -1.7% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALG and DE good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALG and DE?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.56 over the last year and 0.57 over 5 years.
Is DE a good diversifier for ALG?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/alg-vs-de.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alg-vs-de/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALG correlations · DE correlations
