APTV vs BWA: Correlation
Aptiv (APTV) and BorgWarner Inc. (BWA) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APTV and BWA?
Over the past 3 years, APTV and BWA moved with a correlation of 0.58, which is moderate. The past 12 months show a weaker link (0.47) than the 3-year average (0.58). Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 644.2 %².
Few assets follow APTV as closely as BWA, which ranks #1 of 33 tracked partners. The last year tells two different stories: BWA led by 94.1 percentage points, -43.2% for APTV against +50.9% for BWA.
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 BWA: side by side
| APTV (Aptiv) | BWA (BorgWarner Inc.) | |
|---|---|---|
| 1-year return | -43.2% | +50.9% |
| 5-year return | -70.3% | +84.0% |
| Volatility (ann.) | 37.7% | 29.6% |
| Beta vs S&P 500 | 0.76 | 0.54 |
| Max drawdown (3Y) | -56.5% | -38.7% |
| Market cap | $9.4B | $13.2B |
| P/E (trailing) | 20.9 | 31.9 |
| Dividend yield | 0.00% | 1.05% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | APTV | BWA |
|---|---|---|
| 2022 | -43.5% | -9.2% |
| 2023 | -3.7% | +2.5% |
| 2024 | -32.6% | -10.2% |
| 2025 | +25.8% | +43.9% |
| 2026 | -40.3% | +44.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APTV and BWA good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between APTV and BWA?
The APTV/BWA correlation stands at 0.58 on a 3-year window (1 year: 0.47, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is BWA a good diversifier for APTV?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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.
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Related comparisons
Hubs: APTV correlations · BWA correlations
