ALLE vs POOL: Correlation
How closely do Allegion (ALLE) and Pool Corporation (POOL) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and POOL?
On 3 years of weekly data the ALLE/POOL correlation comes out at 0.60, strong. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 474.3 %².
Among the 33 assets we track against ALLE, POOL ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALLE outperformed by 33.6 percentage points (-6.4% for ALLE against -40.0% for POOL).
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 POOL: side by side
| ALLE (Allegion) | POOL (Pool Corporation) | |
|---|---|---|
| 1-year return | -6.4% | -40.0% |
| 5-year return | +19.4% | -59.3% |
| Volatility (ann.) | 24.3% | 32.4% |
| Beta vs S&P 500 | 0.60 | 0.80 |
| Max drawdown (3Y) | -29.8% | -56.8% |
| Market cap | $13.6B | $6.8B |
| P/E (trailing) | 21.0 | 17.1 |
| Dividend yield | 1.32% | 2.68% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ALLE | POOL |
|---|---|---|
| 2022 | -19.3% | -46.0% |
| 2023 | +22.3% | +33.5% |
| 2024 | +4.7% | -13.4% |
| 2025 | +22.8% | -31.8% |
| 2026 | +1.1% | -17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and POOL good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALLE and POOL?
The ALLE/POOL correlation stands at 0.60 on a 3-year window (1 year: 0.52, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is POOL a good diversifier for ALLE?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 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-pool.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alle-vs-pool/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLE correlations · POOL correlations
