APTV vs BBY: Correlation
Aptiv (APTV) and Best Buy (BBY) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APTV and BBY?
On 3 years of weekly data the APTV/BBY correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 672.5 %².
Within APTV's tracked universe of 33 assets, BBY comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BBY outperformed by 60.1 percentage points (-43.2% for APTV against +16.9% for BBY). Across three years, the rolling one-year figure varied moderately, from 0.19 to 0.59.
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.
APTV vs BBY: side by side
| APTV (Aptiv) | BBY (Best Buy) | |
|---|---|---|
| 1-year return | -43.2% | +16.9% |
| 5-year return | -70.3% | -11.2% |
| Volatility (ann.) | 37.7% | 37.6% |
| Beta vs S&P 500 | 0.76 | 0.97 |
| Max drawdown (3Y) | -56.5% | -44.3% |
| Market cap | $9.4B | – |
| P/E (trailing) | 20.9 | 16.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | APTV | BBY |
|---|---|---|
| 2022 | -43.5% | -17.5% |
| 2023 | -3.7% | +2.5% |
| 2024 | -32.6% | +14.4% |
| 2025 | +25.8% | -17.8% |
| 2026 | -40.3% | +28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APTV and BBY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APTV and BBY?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.57 over the last year and 0.44 over 5 years.
Is BBY a good diversifier for APTV?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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/aptv-vs-bby.json
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Related comparisons
Hubs: APTV correlations · BBY correlations
