AEF vs SKM: Correlation
How closely do abrdn Emerging Markets ex-China Fund, Inc. (AEF) and SK Telecom Co., Ltd. (SKM) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEF and SKM?
Across a 3-year window, the weekly returns of AEF and SKM correlate at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 261.3 %².
Among the 21 assets we track against AEF, SKM sits near the bottom by co-movement, at rank #17. On 12-month performance SKM holds a 10.7-point edge, +69.4% against +80.1%.
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.
AEF vs SKM: side by side
| AEF (abrdn Emerging Markets ex-China Fund, Inc.) | SKM (SK Telecom Co., Ltd.) | |
|---|---|---|
| 1-year return | +69.4% | +80.1% |
| 5-year return | +66.6% | +83.7% |
| Volatility (ann.) | 23.7% | 31.3% |
| Beta vs S&P 500 | 1.08 | 0.32 |
| Max drawdown (3Y) | -20.0% | -35.6% |
| Market cap | $0.4B | $15.2B |
| P/E (trailing) | 4.1 | 29.0 |
| Dividend yield | 6.80% | 4170.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEF | SKM |
|---|---|---|
| 2022 | -29.6% | -17.8% |
| 2023 | +7.1% | +11.6% |
| 2024 | +9.4% | +2.9% |
| 2025 | +50.2% | +1.0% |
| 2026 | +41.8% | +92.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEF and SKM good diversifiers for each other?
Reasonably. At 0.35, AEF and SKM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AEF and SKM?
The AEF/SKM correlation stands at 0.35 on a 3-year window (1 year: 0.39, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is SKM a good diversifier for AEF?
Reasonably. At 0.35, AEF and SKM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/aef-vs-skm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aef-vs-skm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEF correlations · SKM correlations
