LFUS vs TOYO: Correlation
How closely do Littelfuse, Inc. (LFUS) and TOYO Co., Ltd (TOYO) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LFUS and TOYO?
Across a 3-year window, the weekly returns of LFUS and TOYO correlate at 0.27, weak. Recent behaviour matches the longer record: 0.33 over 1 year against 0.27 over 3. Stretching to 5 years gives 0.22, with an annualized covariance of 1021.2 %².
Out of 25 assets tracked against LFUS, TOYO lands near the bottom at #21. The last year tells two different stories: LFUS led by 75.6 percentage points, +62.0% for LFUS against -13.6% for TOYO. Risk is not evenly split, since TOYO carries 3.1 times the volatility of the other side.
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.
LFUS vs TOYO: side by side
| LFUS (Littelfuse, Inc.) | TOYO (TOYO Co., Ltd) | |
|---|---|---|
| 1-year return | +62.0% | -13.6% |
| 5-year return | +53.7% | -54.4% |
| Volatility (ann.) | 35.3% | 107.7% |
| Beta vs S&P 500 | 1.44 | 0.34 |
| Max drawdown (3Y) | -45.0% | -86.3% |
| Market cap | $10.7B | $0.2B |
| P/E (trailing) | – | 2.1 |
| Dividend yield | 0.72% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LFUS | TOYO |
|---|---|---|
| 2022 | -29.4% | – |
| 2023 | +22.7% | +8.0% |
| 2024 | -11.0% | -69.3% |
| 2025 | +8.6% | +73.4% |
| 2026 | +67.5% | -23.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LFUS and TOYO good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LFUS and TOYO?
As of 2026-08-27, the correlation of weekly returns between LFUS and TOYO is 0.27 over 3 years, 0.33 over 1 year and 0.22 over 5 years.
Is TOYO a good diversifier for LFUS?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lfus-vs-toyo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lfus-vs-toyo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LFUS correlations · TOYO correlations
