ALLE vs AOS: Correlation
Allegion (ALLE) and A. O. Smith (AOS) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and AOS?
On 3 years of weekly data the ALLE/AOS correlation comes out at 0.61, strong. Lately the two have moved closer together, with the 1-year correlation at 0.73 versus 0.61 over 3 years. The 5-year figure is 0.67, and annualized covariance runs at 350.3 %².
Within ALLE's tracked universe of 33 assets, AOS comes in at #8 by 3-year correlation. On 12-month performance ALLE holds a 6.2-point edge, -6.4% against -12.6%. Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.80.
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.
ALLE vs AOS: side by side
| ALLE (Allegion) | AOS (A. O. Smith) | |
|---|---|---|
| 1-year return | -6.4% | -12.6% |
| 5-year return | +19.4% | -6.7% |
| Volatility (ann.) | 24.3% | 23.5% |
| Beta vs S&P 500 | 0.60 | 0.67 |
| Max drawdown (3Y) | -29.8% | -36.9% |
| Market cap | $13.6B | $8.4B |
| P/E (trailing) | 21.0 | 17.4 |
| Dividend yield | 1.32% | 2.27% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | ALLE | AOS |
|---|---|---|
| 2022 | -19.3% | -32.1% |
| 2023 | +22.3% | +46.7% |
| 2024 | +4.7% | -15.9% |
| 2025 | +22.8% | +0.1% |
| 2026 | +1.1% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and AOS good diversifiers for each other?
To a limited degree. At 0.61 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 ALLE and AOS?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.73 over the last year and 0.67 over 5 years.
Is AOS a good diversifier for ALLE?
To a limited degree. At 0.61 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 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alle-vs-aos.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alle-vs-aos/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLE correlations · AOS correlations
