IPW vs LKQ: Correlation
iPower Inc. (IPW) and LKQ Corporation (LKQ) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPW and LKQ?
Across a 3-year window, the weekly returns of IPW and LKQ correlate at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.21 over 3 years. Stretching to 5 years gives -0.15, with an annualized covariance of -2615.0 %².
Among the 37 assets we track against IPW, LKQ ranks #22 by 3-year correlation. The last year tells two different stories: LKQ led by 81.1 percentage points, -98.6% for IPW against -17.5% for LKQ. One caveat on sizing: IPW is 13.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IPW vs LKQ: side by side
| IPW (iPower Inc.) | LKQ (LKQ Corporation) | |
|---|---|---|
| 1-year return | -98.6% | -17.5% |
| 5-year return | -99.8% | -43.9% |
| Volatility (ann.) | 405.9% | 31.2% |
| Beta vs S&P 500 | 2.99 | 0.57 |
| Max drawdown (3Y) | -100.0% | -54.6% |
| Market cap | – | $6.4B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 4.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPW | LKQ |
|---|---|---|
| 2022 | -83.2% | -9.2% |
| 2023 | +12.5% | -8.6% |
| 2024 | +85.1% | -20.9% |
| 2025 | -70.1% | -15.0% |
| 2026 | -96.8% | -13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPW and LKQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between IPW and LKQ?
As of 2026-08-27, the correlation of weekly returns between IPW and LKQ is -0.21 over 3 years, -0.36 over 1 year and -0.15 over 5 years.
Is LKQ a good diversifier for IPW?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/ipw-vs-lkq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ipw-vs-lkq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IPW correlations · LKQ correlations
