APTV vs ZGN: Correlation
Aptiv (APTV) and Ermenegildo Zegna N.V. (ZGN) 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 ZGN?
Across a 3-year window, the weekly returns of APTV and ZGN correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.37, with an annualized covariance of 715.6 %².
Among the 33 assets we track against APTV, ZGN ranks #15 by 3-year correlation. The last year tells two different stories: ZGN led by 109.3 percentage points, -43.2% for APTV against +66.1% for ZGN.
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 ZGN: side by side
| APTV (Aptiv) | ZGN (Ermenegildo Zegna N.V.) | |
|---|---|---|
| 1-year return | -43.2% | +66.1% |
| 5-year return | -70.3% | +34.1% |
| Volatility (ann.) | 37.7% | 43.6% |
| Beta vs S&P 500 | 0.76 | 1.27 |
| Max drawdown (3Y) | -56.5% | -59.0% |
| Market cap | $9.4B | $3.7B |
| P/E (trailing) | 20.9 | 31.0 |
| Dividend yield | 0.00% | 0.87% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | APTV | ZGN |
|---|---|---|
| 2022 | -43.5% | +0.8% |
| 2023 | -3.7% | +11.5% |
| 2024 | -32.6% | -27.8% |
| 2025 | +25.8% | +26.0% |
| 2026 | -40.3% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APTV and ZGN good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APTV and ZGN?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.45 over the last year and 0.37 over 5 years.
Is ZGN a good diversifier for APTV?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aptv-vs-zgn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aptv-vs-zgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APTV correlations · ZGN correlations
