ALV vs USNA: Correlation
Autoliv, Inc. (ALV) and USANA Health Sciences, Inc. (USNA) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALV and USNA?
Across a 3-year window, the weekly returns of ALV and USNA correlate at 0.46, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.46 over 3. Stretching to 5 years gives 0.34, with an annualized covariance of 508.2 %².
USNA is close to the least connected end of ALV's tracked universe, ranking #12 of 16. Their recent paths diverged sharply: over the last 12 months ALV outperformed by 57.4 percentage points (+1.3% for ALV against -56.1% for USNA). Note the risk asymmetry: USNA runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 USNA: side by side
| ALV (Autoliv, Inc.) | USNA (USANA Health Sciences, Inc.) | |
|---|---|---|
| 1-year return | +1.3% | -56.1% |
| 5-year return | +58.0% | -85.5% |
| Volatility (ann.) | 25.8% | 42.6% |
| Beta vs S&P 500 | 0.88 | 0.90 |
| Max drawdown (3Y) | -39.3% | -80.1% |
| Market cap | $9.0B | $0.3B |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 2.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALV | USNA |
|---|---|---|
| 2022 | -23.5% | -47.4% |
| 2023 | +48.0% | +0.8% |
| 2024 | -12.7% | -33.0% |
| 2025 | +29.2% | -45.3% |
| 2026 | +5.1% | -28.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALV and USNA good diversifiers for each other?
Reasonably. At 0.46, ALV and USNA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALV and USNA?
As of 2026-08-27, the correlation of weekly returns between ALV and USNA is 0.46 over 3 years, 0.45 over 1 year and 0.34 over 5 years.
Is USNA a good diversifier for ALV?
Reasonably. At 0.46, ALV and USNA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALV correlations · USNA correlations
