APTV vs NEOV: Correlation
Aptiv (APTV) and NeoVolta Inc. (NEOV) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APTV and NEOV?
Across a 3-year window, the weekly returns of APTV and NEOV correlate at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.17 over 3. Stretching to 5 years gives -0.04, with an annualized covariance of -699.1 %².
Among the 33 assets we track against APTV, NEOV ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NEOV outperformed by 44.6 percentage points (-43.2% for APTV against +1.4% for NEOV). Note the risk asymmetry: NEOV runs 2.9 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.
APTV vs NEOV: side by side
| APTV (Aptiv) | NEOV (NeoVolta Inc.) | |
|---|---|---|
| 1-year return | -43.2% | +1.4% |
| 5-year return | -70.3% | -45.4% |
| Volatility (ann.) | 37.7% | 111.0% |
| Beta vs S&P 500 | 0.76 | 1.32 |
| Max drawdown (3Y) | -56.5% | -79.4% |
| Market cap | $9.4B | $0.2B |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | APTV | NEOV |
|---|---|---|
| 2022 | -43.5% | -60.2% |
| 2023 | -3.7% | -42.7% |
| 2024 | -32.6% | +225.6% |
| 2025 | +25.8% | -41.7% |
| 2026 | -40.3% | +16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APTV and NEOV good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between APTV and NEOV?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.25 over the last year and -0.04 over 5 years.
Is NEOV a good diversifier for APTV?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/aptv-vs-neov.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APTV correlations · NEOV correlations
