AN vs PAG: Correlation
AutoNation, Inc. (AN) and Penske Automotive Group, Inc. (PAG) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AN and PAG?
On 3 years of weekly data the AN/PAG correlation comes out at 0.77, strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.77 over 3. The 5-year figure is 0.81, and annualized covariance runs at 578.2 %².
PAG is one of the assets that tracks AN most closely: it ranks #1 out of the 13 assets we track against AN. The last year tells two different stories: PAG led by 30.0 percentage points, -10.5% for AN against +19.5% for PAG.
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.
AN vs PAG: side by side
| AN (AutoNation, Inc.) | PAG (Penske Automotive Group, Inc.) | |
|---|---|---|
| 1-year return | -10.5% | +19.5% |
| 5-year return | +79.8% | +177.2% |
| Volatility (ann.) | 28.5% | 26.3% |
| Beta vs S&P 500 | 0.84 | 0.66 |
| Max drawdown (3Y) | -21.4% | -24.0% |
| Market cap | $6.6B | $14.3B |
| P/E (trailing) | 9.1 | 15.8 |
| Dividend yield | 0.00% | 2.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AN | PAG |
|---|---|---|
| 2022 | -8.2% | +9.2% |
| 2023 | +40.0% | +42.3% |
| 2024 | +13.1% | -2.5% |
| 2025 | +21.6% | +7.1% |
| 2026 | -3.7% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AN and PAG good diversifiers for each other?
Only partially. A correlation of 0.77 means AN and PAG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AN and PAG?
As of 2026-08-27, the correlation of weekly returns between AN and PAG is 0.77 over 3 years, 0.70 over 1 year and 0.81 over 5 years.
Is PAG a good diversifier for AN?
Only partially. A correlation of 0.77 means AN and PAG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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/an-vs-pag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/an-vs-pag/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AN correlations · PAG correlations
