APTV vs SWK: Correlation
Aptiv (APTV) and Stanley Black & Decker (SWK) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APTV and SWK?
Over the past 3 years, APTV and SWK moved with a correlation of 0.44, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.44 over 3 years. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 585.7 %².
Among the 33 assets we track against APTV, SWK ranks #14 by 3-year correlation. The last year tells two different stories: SWK led by 80.2 percentage points, -43.2% for APTV against +37.0% for SWK. This link changes with the market regime, having swung between 0.22 and 0.78 on a rolling one-year basis.
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 SWK: side by side
| APTV (Aptiv) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | -43.2% | +37.0% |
| 5-year return | -70.3% | -39.1% |
| Volatility (ann.) | 37.7% | 35.4% |
| Beta vs S&P 500 | 0.76 | 1.19 |
| Max drawdown (3Y) | -56.5% | -48.3% |
| Market cap | $9.4B | $15.0B |
| P/E (trailing) | 20.9 | 24.4 |
| Dividend yield | 0.00% | 3.33% |
| Sector / category | Consumer Discretionary | Industrials |
Year-by-year returns
| Year | APTV | SWK |
|---|---|---|
| 2022 | -43.5% | -58.9% |
| 2023 | -3.7% | +35.6% |
| 2024 | -32.6% | -15.2% |
| 2025 | +25.8% | -3.2% |
| 2026 | -40.3% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APTV and SWK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APTV and SWK?
As of 2026-08-27, the correlation of weekly returns between APTV and SWK is 0.44 over 3 years, 0.32 over 1 year and 0.45 over 5 years.
Is SWK a good diversifier for APTV?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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.
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Related comparisons
Hubs: APTV correlations · SWK correlations
