ALV vs APTV: Correlation
How closely do Autoliv, Inc. (ALV) and Aptiv (APTV) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALV and APTV?
Across a 3-year window, the weekly returns of ALV and APTV correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.65, with an annualized covariance of 497.8 %².
Among the 16 assets we track against ALV, APTV ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALV ahead by 44.5 points (+1.3% versus -43.2%).
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.
ALV vs APTV: side by side
| ALV (Autoliv, Inc.) | APTV (Aptiv) | |
|---|---|---|
| 1-year return | +1.3% | -43.2% |
| 5-year return | +58.0% | -70.3% |
| Volatility (ann.) | 25.8% | 37.7% |
| Beta vs S&P 500 | 0.88 | 0.76 |
| Max drawdown (3Y) | -39.3% | -56.5% |
| Market cap | $9.0B | $9.4B |
| P/E (trailing) | 14.5 | 20.9 |
| Dividend yield | 2.80% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ALV | APTV |
|---|---|---|
| 2022 | -23.5% | -43.5% |
| 2023 | +48.0% | -3.7% |
| 2024 | -12.7% | -32.6% |
| 2025 | +29.2% | +25.8% |
| 2026 | +5.1% | -40.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALV and APTV good diversifiers for each other?
To a limited degree. At 0.51 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 ALV and APTV?
As of 2026-08-27, the correlation of weekly returns between ALV and APTV is 0.51 over 3 years, 0.42 over 1 year and 0.65 over 5 years.
Is APTV a good diversifier for ALV?
To a limited degree. At 0.51 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 0.51 mean?
On the −1 to +1 scale, 0.51 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/alv-vs-aptv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alv-vs-aptv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALV correlations · APTV correlations
