AAPL vs OPTU: Correlation
Apple Inc. (AAPL) and Optimum Communications, Inc. (OPTU) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and OPTU?
Across a 3-year window, the weekly returns of AAPL and OPTU correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.20 over 3 years. Stretching to 5 years gives -0.00, with an annualized covariance of -503.6 %².
Within AAPL's tracked universe of 32 assets, OPTU comes in at #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AAPL outperformed by 94.9 percentage points (+37.0% for AAPL against -57.9% for OPTU). Risk is not evenly split, since OPTU carries 3.4 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.
AAPL vs OPTU: side by side
| AAPL (Apple Inc.) | OPTU (Optimum Communications, Inc.) | |
|---|---|---|
| 1-year return | +37.0% | -57.9% |
| 5-year return | +110.6% | -96.3% |
| Volatility (ann.) | 27.2% | 91.7% |
| Beta vs S&P 500 | 1.06 | 0.14 |
| Max drawdown (3Y) | -33.4% | -82.5% |
| Market cap | $4,591.0B | $0.4B |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.33% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AAPL | OPTU |
|---|---|---|
| 2022 | -26.4% | -71.6% |
| 2023 | +49.0% | -29.3% |
| 2024 | +30.7% | -25.8% |
| 2025 | +9.1% | -31.5% |
| 2026 | +16.0% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAPL and OPTU good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between AAPL and OPTU?
The AAPL/OPTU correlation stands at -0.20 on a 3-year window (1 year: -0.36, 5 years: -0.00), computed from weekly returns as of 2026-08-27.
Is OPTU a good diversifier for AAPL?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/aapl-vs-optu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aapl-vs-optu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AAPL correlations · OPTU correlations
