PAG vs SAH: Correlation
Penske Automotive Group, Inc. (PAG) and Sonic Automotive, Inc. (SAH) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAG and SAH?
On 3 years of weekly data the PAG/SAH correlation comes out at 0.70, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.70 over 3. The 5-year figure is 0.71, and annualized covariance runs at 742.9 %².
Within PAG's tracked universe of 12 assets, SAH comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PAG ahead by 23.7 points (+19.5% versus -4.2%). One caveat on sizing: SAH is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PAG vs SAH: side by side
| PAG (Penske Automotive Group, Inc.) | SAH (Sonic Automotive, Inc.) | |
|---|---|---|
| 1-year return | +19.5% | -4.2% |
| 5-year return | +177.2% | +73.6% |
| Volatility (ann.) | 26.3% | 40.3% |
| Beta vs S&P 500 | 0.66 | 0.91 |
| Max drawdown (3Y) | -24.0% | -33.6% |
| Market cap | $14.3B | $2.5B |
| P/E (trailing) | 15.8 | 12.4 |
| Dividend yield | 2.60% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PAG | SAH |
|---|---|---|
| 2022 | +9.2% | +1.9% |
| 2023 | +42.3% | +16.7% |
| 2024 | -2.5% | +15.2% |
| 2025 | +7.1% | -0.3% |
| 2026 | +41.0% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAG and SAH good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PAG and SAH?
As of 2026-08-27, the correlation of weekly returns between PAG and SAH is 0.70 over 3 years, 0.66 over 1 year and 0.71 over 5 years.
Is SAH a good diversifier for PAG?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 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/pag-vs-sah.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pag-vs-sah/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAG correlations · SAH correlations
