ADI vs KEYS: Correlation
How closely do Analog Devices (ADI) and Keysight Technologies (KEYS) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and KEYS?
On 3 years of weekly data the ADI/KEYS correlation comes out at 0.60, strong. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 718.1 %².
By 3-year correlation, KEYS places #28 of the 51 assets tracked against ADI. Correlation aside, the last 12 months split them widely, with KEYS ahead by 48.8 points (+48.6% versus +97.4%). The rolling one-year correlation moved between 0.42 and 0.73 over the past three years, a moderate range.
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 KEYS: side by side
| ADI (Analog Devices) | KEYS (Keysight Technologies) | |
|---|---|---|
| 1-year return | +48.6% | +97.4% |
| 5-year return | +143.1% | +81.9% |
| Volatility (ann.) | 32.6% | 36.8% |
| Beta vs S&P 500 | 1.56 | 1.58 |
| Max drawdown (3Y) | -32.2% | -31.4% |
| Market cap | $181.5B | $55.5B |
| P/E (trailing) | 44.6 | 43.5 |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADI | KEYS |
|---|---|---|
| 2022 | -4.9% | -17.2% |
| 2023 | +23.4% | -7.0% |
| 2024 | +8.8% | +1.0% |
| 2025 | +29.8% | +26.5% |
| 2026 | +38.9% | +60.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and KEYS good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADI and KEYS?
The ADI/KEYS correlation stands at 0.60 on a 3-year window (1 year: 0.58, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is KEYS a good diversifier for ADI?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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-keys.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adi-vs-keys/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADI correlations · KEYS correlations
