LEA vs SLAB: Correlation
Measured on weekly returns over the past three years, Lear Corporation (LEA) and Silicon Laboratories, Inc. (SLAB) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEA and SLAB?
Over the past 3 years, LEA and SLAB moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 805.2 %².
By 3-year correlation, SLAB places #7 of the 17 assets tracked against LEA. Their recent paths diverged sharply: over the last 12 months SLAB outperformed by 41.6 percentage points (+15.2% for LEA against +56.8% for SLAB). Note the risk asymmetry: SLAB runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LEA vs SLAB: side by side
| LEA (Lear Corporation) | SLAB (Silicon Laboratories, Inc.) | |
|---|---|---|
| 1-year return | +15.2% | +56.8% |
| 5-year return | -13.4% | +36.7% |
| Volatility (ann.) | 28.8% | 48.6% |
| Beta vs S&P 500 | 0.61 | 1.40 |
| Max drawdown (3Y) | -47.0% | -45.7% |
| Market cap | $8.2B | $7.3B |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 2.48% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEA | SLAB |
|---|---|---|
| 2022 | -30.7% | -34.3% |
| 2023 | +16.4% | -2.5% |
| 2024 | -31.2% | -6.1% |
| 2025 | +24.9% | +5.2% |
| 2026 | +9.1% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEA and SLAB good diversifiers for each other?
Only partially. A correlation of 0.58 means LEA and SLAB 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 LEA and SLAB?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.62 over the last year and 0.56 over 5 years.
Is SLAB a good diversifier for LEA?
Only partially. A correlation of 0.58 means LEA and SLAB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 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/lea-vs-slab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lea-vs-slab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEA correlations · SLAB correlations
