ORLY vs SEDG: Correlation
O'Reilly Automotive (ORLY) and SolarEdge Technologies, Inc. (SEDG) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORLY and SEDG?
On 3 years of weekly data the ORLY/SEDG correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.25 over 3 years. The 5-year figure is -0.10, and annualized covariance runs at -498.0 %².
SEDG is close to the least connected end of ORLY's tracked universe, ranking #29 of 29. Correlation aside, the last 12 months split them widely, with SEDG ahead by 16.9 points (-15.6% versus +1.3%). Risk is not evenly split, since SEDG carries 5.0 times the volatility of the other side.
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.
ORLY vs SEDG: side by side
| ORLY (O'Reilly Automotive) | SEDG (SolarEdge Technologies, Inc.) | |
|---|---|---|
| 1-year return | -15.6% | +1.3% |
| 5-year return | +120.8% | -88.7% |
| Volatility (ann.) | 19.8% | 99.4% |
| Beta vs S&P 500 | 0.20 | 0.93 |
| Max drawdown (3Y) | -23.3% | -93.7% |
| Market cap | $71.1B | $2.1B |
| P/E (trailing) | 28.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | ORLY | SEDG |
|---|---|---|
| 2022 | +19.5% | +1.0% |
| 2023 | +12.6% | -67.0% |
| 2024 | +24.8% | -85.5% |
| 2025 | +15.4% | +112.1% |
| 2026 | -3.7% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORLY and SEDG good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between ORLY and SEDG?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.46 over the last year and -0.10 over 5 years.
Is SEDG a good diversifier for ORLY?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/orly-vs-sedg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/orly-vs-sedg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ORLY correlations · SEDG correlations
