LAD vs RUSHA: Correlation
Lithia Motors, Inc. (LAD) and Rush Enterprises, Inc. (RUSHA) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAD and RUSHA?
Over the past 3 years, LAD and RUSHA moved with a correlation of 0.62, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.50 versus 0.62 over 3 years. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 687.0 %².
Within LAD's tracked universe of 15 assets, RUSHA comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RUSHA outperformed by 21.8 percentage points (+10.0% for LAD against +31.8% for RUSHA).
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.
LAD vs RUSHA: side by side
| LAD (Lithia Motors, Inc.) | RUSHA (Rush Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +10.0% | +31.8% |
| 5-year return | +17.3% | +177.5% |
| Volatility (ann.) | 35.4% | 31.3% |
| Beta vs S&P 500 | 1.11 | 0.93 |
| Max drawdown (3Y) | -37.8% | -26.8% |
| Market cap | $8.2B | $8.3B |
| P/E (trailing) | 12.3 | 23.2 |
| Dividend yield | 0.64% | 0.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAD | RUSHA |
|---|---|---|
| 2022 | -30.6% | -4.5% |
| 2023 | +62.0% | +46.7% |
| 2024 | +9.3% | +10.4% |
| 2025 | -6.3% | -0.2% |
| 2026 | +12.3% | +42.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAD and RUSHA good diversifiers for each other?
Only partially. A correlation of 0.62 means LAD and RUSHA 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 LAD and RUSHA?
The LAD/RUSHA correlation stands at 0.62 on a 3-year window (1 year: 0.50, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is RUSHA a good diversifier for LAD?
Only partially. A correlation of 0.62 means LAD and RUSHA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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
$ curl https://www.pairbook.io/api/v1/pairs/lad-vs-rusha.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lad-vs-rusha/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LAD correlations · RUSHA correlations
