APD vs ILAG: Correlation
Measured on weekly returns over the past three years, Air Products (APD) and Intelligent Living Application Group Inc. (ILAG) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APD and ILAG?
On 3 years of weekly data the APD/ILAG correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.22 over 3. The 5-year figure is -0.12, and annualized covariance runs at -633.8 %².
ILAG is close to the least connected end of APD's tracked universe, ranking #30 of 33. The last year tells two different stories: APD led by 48.2 percentage points, +6.5% for APD against -41.7% for ILAG. Note the risk asymmetry: ILAG runs 4.1 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.
APD vs ILAG: side by side
| APD (Air Products) | ILAG (Intelligent Living Application Group Inc.) | |
|---|---|---|
| 1-year return | +6.5% | -41.7% |
| 5-year return | +28.2% | -94.7% |
| Volatility (ann.) | 26.7% | 109.3% |
| Beta vs S&P 500 | 0.64 | 0.45 |
| Max drawdown (3Y) | -30.4% | -83.0% |
| Market cap | $68.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | APD | ILAG |
|---|---|---|
| 2022 | +3.9% | – |
| 2023 | -9.0% | -17.6% |
| 2024 | +8.1% | +27.0% |
| 2025 | -12.7% | -56.0% |
| 2026 | +26.1% | -19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APD and ILAG good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APD and ILAG?
As of 2026-08-27, the correlation of weekly returns between APD and ILAG is -0.22 over 3 years, -0.14 over 1 year and -0.12 over 5 years.
Is ILAG a good diversifier for APD?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/apd-vs-ilag.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apd-vs-ilag/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APD correlations · ILAG correlations
