APTV vs NKE: Correlation
Measured on weekly returns over the past three years, Aptiv (APTV) and Nike, Inc. (NKE) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APTV and NKE?
Over the past 3 years, APTV and NKE moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.37 over 3. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 510.6 %².
Among the 33 assets we track against APTV, NKE ranks #17 by 3-year correlation. On 12-month performance APTV holds a 6.2-point edge, -43.2% against -49.4%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.06 and 0.56 over the past three years, so this pair behaves very differently depending on the market environment.
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 NKE: side by side
| APTV (Aptiv) | NKE (Nike, Inc.) | |
|---|---|---|
| 1-year return | -43.2% | -49.4% |
| 5-year return | -70.3% | -75.2% |
| Volatility (ann.) | 37.7% | 36.6% |
| Beta vs S&P 500 | 0.76 | 0.93 |
| Max drawdown (3Y) | -56.5% | -66.9% |
| Market cap | $9.4B | $57.0B |
| P/E (trailing) | 20.9 | 18.4 |
| Dividend yield | 0.00% | 4.22% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | APTV | NKE |
|---|---|---|
| 2022 | -43.5% | -29.0% |
| 2023 | -3.7% | -6.0% |
| 2024 | -32.6% | -29.1% |
| 2025 | +25.8% | -13.8% |
| 2026 | -40.3% | -38.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APTV and NKE good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APTV and NKE?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.40 over the last year and 0.46 over 5 years.
Is NKE a good diversifier for APTV?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aptv-vs-nke.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aptv-vs-nke/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APTV correlations · NKE correlations
