APTV vs DAN: Correlation
How closely do Aptiv (APTV) and Dana Incorporated (DAN) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APTV and DAN?
On 3 years of weekly data the APTV/DAN correlation comes out at 0.53, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.53 over 3 years. The 5-year figure is 0.64, and annualized covariance runs at 888.5 %².
Few assets follow APTV as closely as DAN, which ranks #3 of 33 tracked partners. Correlation aside, the last 12 months split them widely, with DAN ahead by 92.1 points (-43.2% versus +48.9%).
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 DAN: side by side
| APTV (Aptiv) | DAN (Dana Incorporated) | |
|---|---|---|
| 1-year return | -43.2% | +48.9% |
| 5-year return | -70.3% | +45.6% |
| Volatility (ann.) | 37.7% | 44.7% |
| Beta vs S&P 500 | 0.76 | 1.11 |
| Max drawdown (3Y) | -56.5% | -51.8% |
| Market cap | $9.4B | $3.2B |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 0.00% | 1.46% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | APTV | DAN |
|---|---|---|
| 2022 | -43.5% | -32.1% |
| 2023 | -3.7% | -0.7% |
| 2024 | -32.6% | -17.9% |
| 2025 | +25.8% | +110.5% |
| 2026 | -40.3% | +28.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APTV and DAN good diversifiers for each other?
Only partially. A correlation of 0.53 means APTV and DAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between APTV and DAN?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.34 over the last year and 0.64 over 5 years.
Is DAN a good diversifier for APTV?
Only partially. A correlation of 0.53 means APTV and DAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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 · DAN correlations
