ARW vs LFUS: Correlation
How closely do Arrow Electronics, Inc. (ARW) and Littelfuse, Inc. (LFUS) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARW and LFUS?
On 3 years of weekly data the ARW/LFUS correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. The 5-year figure is 0.69, and annualized covariance runs at 671.4 %².
LFUS is one of the assets that tracks ARW most closely: it ranks #2 out of the 13 assets we track against ARW. Their 12-month results are close: +63.5% for ARW against +62.0% for LFUS.
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.
ARW vs LFUS: side by side
| ARW (Arrow Electronics, Inc.) | LFUS (Littelfuse, Inc.) | |
|---|---|---|
| 1-year return | +63.5% | +62.0% |
| 5-year return | +70.1% | +53.7% |
| Volatility (ann.) | 30.4% | 35.3% |
| Beta vs S&P 500 | 0.99 | 1.44 |
| Max drawdown (3Y) | -34.1% | -45.0% |
| Market cap | $10.6B | $10.7B |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 0.00% | 0.72% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARW | LFUS |
|---|---|---|
| 2022 | -22.1% | -29.4% |
| 2023 | +16.9% | +22.7% |
| 2024 | -7.5% | -11.0% |
| 2025 | -2.6% | +8.6% |
| 2026 | +89.7% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARW and LFUS good diversifiers for each other?
Only partially. A correlation of 0.63 means ARW and LFUS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARW and LFUS?
The ARW/LFUS correlation stands at 0.63 on a 3-year window (1 year: 0.68, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is LFUS a good diversifier for ARW?
Only partially. A correlation of 0.63 means ARW and LFUS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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
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Related comparisons
Hubs: ARW correlations · LFUS correlations
