DAN vs LEA: Correlation
Dana Incorporated (DAN) and Lear Corporation (LEA) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAN and LEA?
On 3 years of weekly data the DAN/LEA correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 637.1 %².
By 3-year correlation, LEA places #4 of the 10 assets tracked against DAN. The last year tells two different stories: DAN led by 33.7 percentage points, +48.9% for DAN against +15.2% for LEA. Risk is not evenly split, since DAN carries 1.6 times the volatility of the other side.
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.
DAN vs LEA: side by side
| DAN (Dana Incorporated) | LEA (Lear Corporation) | |
|---|---|---|
| 1-year return | +48.9% | +15.2% |
| 5-year return | +45.6% | -13.4% |
| Volatility (ann.) | 44.7% | 28.8% |
| Beta vs S&P 500 | 1.11 | 0.61 |
| Max drawdown (3Y) | -51.8% | -47.0% |
| Market cap | $3.2B | $8.2B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 1.46% | 2.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAN | LEA |
|---|---|---|
| 2022 | -32.1% | -30.7% |
| 2023 | -0.7% | +16.4% |
| 2024 | -17.9% | -31.2% |
| 2025 | +110.5% | +24.9% |
| 2026 | +28.0% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAN and LEA good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DAN and LEA?
As of 2026-08-27, the correlation of weekly returns between DAN and LEA is 0.50 over 3 years, 0.48 over 1 year and 0.64 over 5 years.
Is LEA a good diversifier for DAN?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 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: DAN correlations · LEA correlations
