ALLE vs SSD: Correlation
Measured on weekly returns over the past three years, Allegion (ALLE) and Simpson Manufacturing Company, Inc. (SSD) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and SSD?
Across a 3-year window, the weekly returns of ALLE and SSD correlate at 0.61, strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.61). Stretching to 5 years gives 0.66, with an annualized covariance of 434.1 %².
By 3-year correlation, SSD places #12 of the 33 assets tracked against ALLE. Twelve-month performance is nearly a tie, at -6.4% for ALLE and -5.3% for SSD.
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 SSD: side by side
| ALLE (Allegion) | SSD (Simpson Manufacturing Company, Inc.) | |
|---|---|---|
| 1-year return | -6.4% | -5.3% |
| 5-year return | +19.4% | +65.7% |
| Volatility (ann.) | 24.3% | 29.5% |
| Beta vs S&P 500 | 0.60 | 0.89 |
| Max drawdown (3Y) | -29.8% | -34.4% |
| Market cap | $13.6B | $7.5B |
| P/E (trailing) | 21.0 | 20.3 |
| Dividend yield | 1.32% | 0.63% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ALLE | SSD |
|---|---|---|
| 2022 | -19.3% | -35.6% |
| 2023 | +22.3% | +125.4% |
| 2024 | +4.7% | -15.7% |
| 2025 | +22.8% | -1.9% |
| 2026 | +1.1% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and SSD good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALLE and SSD?
The ALLE/SSD correlation stands at 0.61 on a 3-year window (1 year: 0.49, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is SSD a good diversifier for ALLE?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/alle-vs-ssd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alle-vs-ssd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLE correlations · SSD correlations
