LKQ vs PAPL: Correlation
How closely do LKQ Corporation (LKQ) and Pineapple Financial Inc. (PAPL) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LKQ and PAPL?
Across a 3-year window, the weekly returns of LKQ and PAPL correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.23). Stretching to 5 years gives n/a, with an annualized covariance of -1301.6 %².
Among the 11 assets we track against LKQ, PAPL sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months LKQ outperformed by 53.2 percentage points (-17.5% for LKQ against -70.7% for PAPL). Risk is not evenly split, since PAPL carries 5.8 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.
LKQ vs PAPL: side by side
| LKQ (LKQ Corporation) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | -17.5% | -70.7% |
| 5-year return | -43.9% | n/a |
| Volatility (ann.) | 31.2% | 181.2% |
| Beta vs S&P 500 | 0.57 | -0.73 |
| Max drawdown (3Y) | -54.6% | -99.4% |
| Market cap | $6.4B | – |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 4.66% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LKQ | PAPL |
|---|---|---|
| 2022 | -9.2% | – |
| 2023 | -8.6% | – |
| 2024 | -20.9% | -74.7% |
| 2025 | -15.0% | -84.4% |
| 2026 | -13.2% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LKQ and PAPL good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LKQ and PAPL?
The LKQ/PAPL correlation stands at -0.23 on a 3-year window (1 year: -0.10, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAPL a good diversifier for LKQ?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/lkq-vs-papl.json
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[](https://www.pairbook.io/pair/lkq-vs-papl/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: LKQ correlations · PAPL correlations
