LUV vs SFNC: Correlation
How closely do Southwest Airlines (LUV) and Simmons First National Corporation (SFNC) 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 LUV and SFNC?
Over the past 3 years, LUV and SFNC moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.64 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 639.2 %².
Among the 32 assets we track against LUV, SFNC ranks #10 by 3-year correlation. On 12-month performance LUV holds a 8.5-point edge, +22.0% against +13.5%.
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.
LUV vs SFNC: side by side
| LUV (Southwest Airlines) | SFNC (Simmons First National Corporation) | |
|---|---|---|
| 1-year return | +22.0% | +13.5% |
| 5-year return | -12.3% | -3.8% |
| Volatility (ann.) | 40.5% | 28.9% |
| Beta vs S&P 500 | 1.11 | 0.88 |
| Max drawdown (3Y) | -33.5% | -30.5% |
| Market cap | $19.5B | $3.3B |
| P/E (trailing) | 25.5 | – |
| Dividend yield | 1.77% | 3.75% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LUV | SFNC |
|---|---|---|
| 2022 | -21.4% | -24.6% |
| 2023 | -11.8% | -4.0% |
| 2024 | +19.1% | +16.7% |
| 2025 | +25.6% | -11.3% |
| 2026 | -3.0% | +22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUV and SFNC good diversifiers for each other?
Only partially. A correlation of 0.55 means LUV and SFNC 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 LUV and SFNC?
The LUV/SFNC correlation stands at 0.55 on a 3-year window (1 year: 0.64, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is SFNC a good diversifier for LUV?
Only partially. A correlation of 0.55 means LUV and SFNC 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.
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Related comparisons
Hubs: LUV correlations · SFNC correlations
