LUV vs WTFC: Correlation
How closely do Southwest Airlines (LUV) and Wintrust Financial Corporation (WTFC) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUV and WTFC?
On 3 years of weekly data the LUV/WTFC correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 606.0 %².
By 3-year correlation, WTFC places #15 of the 32 assets tracked against LUV. Over the last 12 months LUV came out ahead by 9.3 percentage points (+22.0% against +12.7%).
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 WTFC: side by side
| LUV (Southwest Airlines) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +22.0% | +12.7% |
| 5-year return | -12.3% | +127.7% |
| Volatility (ann.) | 40.5% | 27.6% |
| Beta vs S&P 500 | 1.11 | 1.06 |
| Max drawdown (3Y) | -33.5% | -31.0% |
| Market cap | $19.5B | $10.3B |
| P/E (trailing) | 25.5 | 12.3 |
| Dividend yield | 1.77% | 1.37% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LUV | WTFC |
|---|---|---|
| 2022 | -21.4% | -5.5% |
| 2023 | -11.8% | +12.0% |
| 2024 | +19.1% | +36.8% |
| 2025 | +25.6% | +13.9% |
| 2026 | -3.0% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUV and WTFC good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LUV and WTFC?
The LUV/WTFC correlation stands at 0.54 on a 3-year window (1 year: 0.58, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is WTFC a good diversifier for LUV?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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/luv-vs-wtfc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/luv-vs-wtfc/)
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Related comparisons
Hubs: LUV correlations · WTFC correlations
