ALV vs LEA: Correlation
How closely do Autoliv, Inc. (ALV) and Lear Corporation (LEA) 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 ALV and LEA?
Over the past 3 years, ALV and LEA moved with a correlation of 0.60, which is strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.60 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 446.0 %².
By 3-year correlation, LEA places #6 of the 16 assets tracked against ALV. On 12-month performance LEA holds a 13.9-point edge, +1.3% against +15.2%.
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 LEA: side by side
| ALV (Autoliv, Inc.) | LEA (Lear Corporation) | |
|---|---|---|
| 1-year return | +1.3% | +15.2% |
| 5-year return | +58.0% | -13.4% |
| Volatility (ann.) | 25.8% | 28.8% |
| Beta vs S&P 500 | 0.88 | 0.61 |
| Max drawdown (3Y) | -39.3% | -47.0% |
| Market cap | $9.0B | $8.2B |
| P/E (trailing) | 14.5 | 11.6 |
| Dividend yield | 2.80% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALV | LEA |
|---|---|---|
| 2022 | -23.5% | -30.7% |
| 2023 | +48.0% | +16.4% |
| 2024 | -12.7% | -31.2% |
| 2025 | +29.2% | +24.9% |
| 2026 | +5.1% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALV and LEA 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 ALV and LEA?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.55 over the last year and 0.70 over 5 years.
Is LEA a good diversifier for ALV?
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?
On the −1 to +1 scale, 0.60 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.
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Related comparisons
Hubs: ALV correlations · LEA correlations
