LEA vs UPS: Correlation
Measured on weekly returns over the past three years, Lear Corporation (LEA) and United Parcel Service (UPS) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEA and UPS?
On 3 years of weekly data the LEA/UPS correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 434.2 %².
Among the 17 assets we track against LEA, UPS ranks #10 by 3-year correlation. Over the last 12 months UPS came out ahead by 13.0 percentage points (+15.2% against +28.2%).
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 UPS: side by side
| LEA (Lear Corporation) | UPS (United Parcel Service) | |
|---|---|---|
| 1-year return | +15.2% | +28.2% |
| 5-year return | -13.4% | -31.0% |
| Volatility (ann.) | 28.8% | 29.4% |
| Beta vs S&P 500 | 0.61 | 0.81 |
| Max drawdown (3Y) | -47.0% | -46.5% |
| Market cap | $8.2B | $89.9B |
| P/E (trailing) | 11.6 | 19.6 |
| Dividend yield | 2.48% | 6.21% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | LEA | UPS |
|---|---|---|
| 2022 | -30.7% | -16.2% |
| 2023 | +16.4% | -6.0% |
| 2024 | -31.2% | -15.9% |
| 2025 | +24.9% | -15.9% |
| 2026 | +9.1% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEA and UPS good diversifiers for each other?
Only partially. A correlation of 0.51 means LEA and UPS 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 UPS?
The LEA/UPS correlation stands at 0.51 on a 3-year window (1 year: 0.61, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is UPS a good diversifier for LEA?
Only partially. A correlation of 0.51 means LEA and UPS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/lea-vs-ups.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lea-vs-ups/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LEA correlations · UPS correlations
