ALRS vs APTV: Correlation
Measured on weekly returns over the past three years, Alerus Financial Corporation (ALRS) and Aptiv (APTV) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALRS and APTV?
Across a 3-year window, the weekly returns of ALRS and APTV correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 534.0 %².
Within ALRS's tracked universe of 16 assets, APTV comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ALRS outperformed by 96.4 percentage points (+53.2% for ALRS against -43.2% for APTV).
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.
ALRS vs APTV: side by side
| ALRS (Alerus Financial Corporation) | APTV (Aptiv) | |
|---|---|---|
| 1-year return | +53.2% | -43.2% |
| 5-year return | +33.2% | -70.3% |
| Volatility (ann.) | 31.4% | 37.7% |
| Beta vs S&P 500 | 0.88 | 0.76 |
| Max drawdown (3Y) | -32.5% | -56.5% |
| Market cap | $0.8B | $9.4B |
| P/E (trailing) | 30.8 | 20.9 |
| Dividend yield | 2.56% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ALRS | APTV |
|---|---|---|
| 2022 | -17.9% | -43.5% |
| 2023 | -0.2% | -3.7% |
| 2024 | -10.7% | -32.6% |
| 2025 | +21.7% | +25.8% |
| 2026 | +50.0% | -40.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALRS and APTV good diversifiers for each other?
Reasonably. At 0.45, ALRS and APTV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALRS and APTV?
The ALRS/APTV correlation stands at 0.45 on a 3-year window (1 year: 0.40, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is APTV a good diversifier for ALRS?
Reasonably. At 0.45, ALRS and APTV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/alrs-vs-aptv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alrs-vs-aptv/)
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Related comparisons
Hubs: ALRS correlations · APTV correlations
