ADI vs KLAC: Correlation
How closely do Analog Devices (ADI) and KLA Corporation (KLAC) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and KLAC?
Over the past 3 years, ADI and KLAC moved with a correlation of 0.63, which is strong. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 936.2 %².
Among the 51 assets we track against ADI, KLAC ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with KLAC ahead by 59.3 points (+48.6% versus +107.9%). Across three years, the rolling one-year figure varied moderately, from 0.42 to 0.77.
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 KLAC: side by side
| ADI (Analog Devices) | KLAC (KLA Corporation) | |
|---|---|---|
| 1-year return | +48.6% | +107.9% |
| 5-year return | +143.1% | +463.9% |
| Volatility (ann.) | 32.6% | 45.6% |
| Beta vs S&P 500 | 1.56 | 1.84 |
| Max drawdown (3Y) | -32.2% | -43.6% |
| Market cap | $181.5B | $240.1B |
| P/E (trailing) | 44.6 | 50.2 |
| Dividend yield | 1.15% | 0.44% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADI | KLAC |
|---|---|---|
| 2022 | -4.9% | -11.2% |
| 2023 | +23.4% | +56.0% |
| 2024 | +8.8% | +9.4% |
| 2025 | +29.8% | +94.5% |
| 2026 | +38.9% | +51.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and KLAC good diversifiers for each other?
Only partially. A correlation of 0.63 means ADI and KLAC 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 KLAC?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.53 over the last year and 0.66 over 5 years.
Is KLAC a good diversifier for ADI?
Only partially. A correlation of 0.63 means ADI and KLAC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adi-vs-klac.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adi-vs-klac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADI correlations · KLAC correlations
