AOD vs EL: Correlation
How closely do abrdn Total Dynamic Dividend Fund (AOD) and Estée Lauder Companies (The) (EL) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and EL?
On 3 years of weekly data the AOD/EL correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 344.1 %².
By 3-year correlation, EL places #20 of the 26 assets tracked against AOD. Their recent paths diverged sharply: over the last 12 months AOD outperformed by 15.4 percentage points (+31.8% for AOD against +16.4% for EL). One caveat on sizing: EL is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AOD vs EL: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | EL (Estée Lauder Companies (The)) | |
|---|---|---|
| 1-year return | +31.8% | +16.4% |
| 5-year return | +70.1% | -66.7% |
| Volatility (ann.) | 15.4% | 47.0% |
| Beta vs S&P 500 | 0.81 | 1.28 |
| Max drawdown (3Y) | -16.7% | -68.4% |
| Market cap | $1.1B | $38.4B |
| P/E (trailing) | 4.1 | 208.3 |
| Dividend yield | 5.46% | 1.33% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | AOD | EL |
|---|---|---|
| 2022 | -17.1% | -32.3% |
| 2023 | +12.7% | -40.1% |
| 2024 | +16.1% | -47.6% |
| 2025 | +32.1% | +42.1% |
| 2026 | +18.1% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and EL good diversifiers for each other?
Reasonably. At 0.48, AOD and EL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AOD and EL?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.58 over the last year and 0.51 over 5 years.
Is EL a good diversifier for AOD?
Reasonably. At 0.48, AOD and EL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aod-vs-el.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aod-vs-el/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AOD correlations · EL correlations
