ADI vs AVT: Correlation
Analog Devices (ADI) and Avnet, Inc. (AVT) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and AVT?
On 3 years of weekly data the ADI/AVT correlation comes out at 0.69, strong. The link has loosened recently: the 1-year correlation (0.57) runs below the 3-year figure (0.69). The 5-year figure is 0.62, and annualized covariance runs at 628.1 %².
Among the 51 assets we track against ADI, AVT ranks #10 by 3-year correlation. The last year tells two different stories: AVT led by 21.7 percentage points, +48.6% for ADI against +70.3% for AVT.
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.
ADI vs AVT: side by side
| ADI (Analog Devices) | AVT (Avnet, Inc.) | |
|---|---|---|
| 1-year return | +48.6% | +70.3% |
| 5-year return | +143.1% | +153.5% |
| Volatility (ann.) | 32.6% | 28.1% |
| Beta vs S&P 500 | 1.56 | 1.05 |
| Max drawdown (3Y) | -32.2% | -27.1% |
| Market cap | $181.5B | $7.5B |
| P/E (trailing) | 44.6 | 22.5 |
| Dividend yield | 1.15% | 1.55% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADI | AVT |
|---|---|---|
| 2022 | -4.9% | +3.4% |
| 2023 | +23.4% | +24.4% |
| 2024 | +8.8% | +6.4% |
| 2025 | +29.8% | -5.6% |
| 2026 | +38.9% | +92.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and AVT good diversifiers for each other?
Only partially. A correlation of 0.69 means ADI and AVT 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 ADI and AVT?
The ADI/AVT correlation stands at 0.69 on a 3-year window (1 year: 0.57, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is AVT a good diversifier for ADI?
Only partially. A correlation of 0.69 means ADI and AVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/adi-vs-avt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adi-vs-avt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADI correlations · AVT correlations
