HD vs LKQ: Correlation
Home Depot (The) (HD) and LKQ Corporation (LKQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and LKQ?
Over the past 3 years, HD and LKQ moved with a correlation of 0.51, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.68 versus 0.51 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 373.5 %².
By 3-year correlation, LKQ places #27 of the 54 assets tracked against HD. Twelve-month performance is nearly a tie, at -17.4% for HD and -17.5% for LKQ.
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.
HD vs LKQ: side by side
| HD (Home Depot (The)) | LKQ (LKQ Corporation) | |
|---|---|---|
| 1-year return | -17.4% | -17.5% |
| 5-year return | +13.8% | -43.9% |
| Volatility (ann.) | 23.6% | 31.2% |
| Beta vs S&P 500 | 0.87 | 0.57 |
| Max drawdown (3Y) | -28.8% | -54.6% |
| Market cap | $327.9B | $6.4B |
| P/E (trailing) | 23.4 | 14.1 |
| Dividend yield | 1.38% | 4.66% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HD | LKQ |
|---|---|---|
| 2022 | -22.0% | -9.2% |
| 2023 | +12.8% | -8.6% |
| 2024 | +15.0% | -20.9% |
| 2025 | -9.3% | -15.0% |
| 2026 | -3.1% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and LKQ good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HD and LKQ?
The HD/LKQ correlation stands at 0.51 on a 3-year window (1 year: 0.68, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is LKQ a good diversifier for HD?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hd-vs-lkq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hd-vs-lkq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HD correlations · LKQ correlations
