OPLN vs SCSC: Correlation
OPENLANE, Inc. (OPLN) and ScanSource, Inc. (SCSC) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPLN and SCSC?
On 3 years of weekly data the OPLN/SCSC correlation comes out at 0.59, moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.59 over 3. The 5-year figure is 0.41, and annualized covariance runs at 697.4 %².
Few assets follow OPLN as closely as SCSC, which ranks #1 of 13 tracked partners. On 12-month performance SCSC holds a 8.0-point edge, +22.0% against +30.0%.
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.
OPLN vs SCSC: side by side
| OPLN (OPENLANE, Inc.) | SCSC (ScanSource, Inc.) | |
|---|---|---|
| 1-year return | +22.0% | +30.0% |
| 5-year return | +111.4% | +60.7% |
| Volatility (ann.) | 33.5% | 35.5% |
| Beta vs S&P 500 | 1.02 | 1.21 |
| Max drawdown (3Y) | -22.1% | -44.2% |
| Market cap | $4.3B | $1.2B |
| P/E (trailing) | – | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPLN | SCSC |
|---|---|---|
| 2022 | -16.5% | -16.7% |
| 2023 | +13.5% | +35.6% |
| 2024 | +34.0% | +19.8% |
| 2025 | +50.1% | -17.7% |
| 2026 | +19.2% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPLN and SCSC good diversifiers for each other?
Only partially. A correlation of 0.59 means OPLN and SCSC 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 OPLN and SCSC?
The OPLN/SCSC correlation stands at 0.59 on a 3-year window (1 year: 0.62, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is SCSC a good diversifier for OPLN?
Only partially. A correlation of 0.59 means OPLN and SCSC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 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/opln-vs-scsc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/opln-vs-scsc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OPLN correlations · SCSC correlations
