LKQ vs PPG: Correlation
How closely do LKQ Corporation (LKQ) and PPG Industries (PPG) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LKQ and PPG?
Over the past 3 years, LKQ and PPG moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 436.4 %².
In LKQ's tracked universe of 11 assets, PPG sits right near the top at #2. Correlation aside, the last 12 months split them widely, with PPG ahead by 21.3 points (-17.5% versus +3.8%).
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 PPG: side by side
| LKQ (LKQ Corporation) | PPG (PPG Industries) | |
|---|---|---|
| 1-year return | -17.5% | +3.8% |
| 5-year return | -43.9% | -22.0% |
| Volatility (ann.) | 31.2% | 25.5% |
| Beta vs S&P 500 | 0.57 | 0.90 |
| Max drawdown (3Y) | -54.6% | -37.4% |
| Market cap | $6.4B | $25.2B |
| P/E (trailing) | 14.1 | 16.4 |
| Dividend yield | 4.66% | 2.48% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | LKQ | PPG |
|---|---|---|
| 2022 | -9.2% | -25.7% |
| 2023 | -8.6% | +21.2% |
| 2024 | -20.9% | -18.5% |
| 2025 | -15.0% | -12.0% |
| 2026 | -13.2% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LKQ and PPG good diversifiers for each other?
Only partially. A correlation of 0.55 means LKQ and PPG 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 LKQ and PPG?
The LKQ/PPG correlation stands at 0.55 on a 3-year window (1 year: 0.63, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is PPG a good diversifier for LKQ?
Only partially. A correlation of 0.55 means LKQ and PPG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/lkq-vs-ppg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lkq-vs-ppg/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: LKQ correlations · PPG correlations
