ARLO vs EYE: Correlation
How closely do Arlo Technologies, Inc. (ARLO) and National Vision Holdings, Inc. (EYE) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARLO and EYE?
Across a 3-year window, the weekly returns of ARLO and EYE correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.31, with an annualized covariance of 1451.5 %².
Among the 13 assets we track against ARLO, EYE ranks #7 by 3-year correlation. Their 12-month results are close: -25.7% for ARLO against -26.7% for EYE.
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.
ARLO vs EYE: side by side
| ARLO (Arlo Technologies, Inc.) | EYE (National Vision Holdings, Inc.) | |
|---|---|---|
| 1-year return | -25.7% | -26.7% |
| 5-year return | +113.6% | -69.8% |
| Volatility (ann.) | 61.4% | 52.1% |
| Beta vs S&P 500 | 1.84 | 0.86 |
| Max drawdown (3Y) | -50.8% | -59.3% |
| Market cap | $1.4B | $1.4B |
| P/E (trailing) | 46.7 | 30.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARLO | EYE |
|---|---|---|
| 2022 | -66.5% | -19.2% |
| 2023 | +171.2% | -46.0% |
| 2024 | +17.5% | -50.2% |
| 2025 | +25.0% | +147.8% |
| 2026 | -6.6% | -30.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARLO and EYE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARLO and EYE?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.31 over the last year and 0.31 over 5 years.
Is EYE a good diversifier for ARLO?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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/arlo-vs-eye.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arlo-vs-eye/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARLO correlations · EYE correlations
