ALV vs GNTX: Correlation
Autoliv, Inc. (ALV) and Gentex Corporation (GNTX) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALV and GNTX?
On 3 years of weekly data the ALV/GNTX correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 360.8 %².
Within ALV's tracked universe of 16 assets, GNTX comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALV ahead by 18.5 points (+1.3% versus -17.2%).
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 GNTX: side by side
| ALV (Autoliv, Inc.) | GNTX (Gentex Corporation) | |
|---|---|---|
| 1-year return | +1.3% | -17.2% |
| 5-year return | +58.0% | -18.8% |
| Volatility (ann.) | 25.8% | 24.9% |
| Beta vs S&P 500 | 0.88 | 0.61 |
| Max drawdown (3Y) | -39.3% | -43.0% |
| Market cap | $9.0B | $4.9B |
| P/E (trailing) | 14.5 | 12.2 |
| Dividend yield | 2.80% | 2.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALV | GNTX |
|---|---|---|
| 2022 | -23.5% | -20.4% |
| 2023 | +48.0% | +21.8% |
| 2024 | -12.7% | -10.7% |
| 2025 | +29.2% | -17.4% |
| 2026 | +5.1% | +0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALV and GNTX good diversifiers for each other?
To a limited degree. At 0.56 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 GNTX?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.60 over the last year and 0.60 over 5 years.
Is GNTX a good diversifier for ALV?
To a limited degree. At 0.56 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 0.56 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/alv-vs-gntx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alv-vs-gntx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALV correlations · GNTX correlations
