APO vs EQH: Correlation
How closely do Apollo Global Management (APO) and Equitable Holdings, Inc. (EQH) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APO and EQH?
On 3 years of weekly data the APO/EQH correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.58 over 1 year against 0.66 over 3. The 5-year figure is 0.65, and annualized covariance runs at 661.7 %².
Among the 33 assets we track against APO, EQH ranks #9 by 3-year correlation. Their 12-month results are close: -0.1% for APO against -4.2% for EQH.
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.
APO vs EQH: side by side
| APO (Apollo Global Management) | EQH (Equitable Holdings, Inc.) | |
|---|---|---|
| 1-year return | -0.1% | -4.2% |
| 5-year return | +149.7% | +83.5% |
| Volatility (ann.) | 36.8% | 27.3% |
| Beta vs S&P 500 | 1.62 | 1.19 |
| Max drawdown (3Y) | -42.8% | -35.8% |
| Market cap | $78.8B | $13.7B |
| P/E (trailing) | 47.5 | – |
| Dividend yield | 1.60% | 2.29% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | APO | EQH |
|---|---|---|
| 2022 | -9.6% | -10.2% |
| 2023 | +49.4% | +19.6% |
| 2024 | +79.9% | +45.0% |
| 2025 | -11.1% | +3.2% |
| 2026 | -6.7% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APO and EQH good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between APO and EQH?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.58 over the last year and 0.65 over 5 years.
Is EQH a good diversifier for APO?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
A reading of 0.66 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/apo-vs-eqh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apo-vs-eqh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APO correlations · EQH correlations
