LOW vs ORLY: Correlation
Lowe's (LOW) and O'Reilly Automotive (ORLY) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOW and ORLY?
Over the past 3 years, LOW and ORLY moved with a correlation of 0.41, which is moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 201.9 %².
By 3-year correlation, ORLY places #30 of the 46 assets tracked against LOW. Neither side won the trailing year by much: -18.4% against -15.6%. Across three years, the rolling one-year figure varied moderately, from 0.25 to 0.52.
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.
LOW vs ORLY: side by side
| LOW (Lowe's) | ORLY (O'Reilly Automotive) | |
|---|---|---|
| 1-year return | -18.4% | -15.6% |
| 5-year return | +11.1% | +120.8% |
| Volatility (ann.) | 24.8% | 19.8% |
| Beta vs S&P 500 | 0.83 | 0.20 |
| Max drawdown (3Y) | -29.0% | -23.3% |
| Market cap | – | $71.1B |
| P/E (trailing) | 17.8 | 28.4 |
| Dividend yield | 2.31% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | LOW | ORLY |
|---|---|---|
| 2022 | -21.5% | +19.5% |
| 2023 | +14.0% | +12.6% |
| 2024 | +13.0% | +24.8% |
| 2025 | -0.3% | +15.4% |
| 2026 | -12.9% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOW and ORLY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LOW and ORLY?
The LOW/ORLY correlation stands at 0.41 on a 3-year window (1 year: 0.39, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is ORLY a good diversifier for LOW?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/low-vs-orly.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/low-vs-orly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOW correlations · ORLY correlations
