AEIS vs SANM: Correlation
Advanced Energy Industries, Inc. (AEIS) and Sanmina Corporation (SANM) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEIS and SANM?
On 3 years of weekly data the AEIS/SANM correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 1088.5 %².
Among the 32 assets we track against AEIS, SANM ranks #20 by 3-year correlation. Over the last 12 months AEIS came out ahead by 13.1 percentage points (+87.0% against +73.9%).
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.
AEIS vs SANM: side by side
| AEIS (Advanced Energy Industries, Inc.) | SANM (Sanmina Corporation) | |
|---|---|---|
| 1-year return | +87.0% | +73.9% |
| 5-year return | +222.9% | +410.5% |
| Volatility (ann.) | 43.9% | 46.6% |
| Beta vs S&P 500 | 1.69 | 1.34 |
| Max drawdown (3Y) | -39.9% | -42.0% |
| Market cap | $11.5B | $10.9B |
| P/E (trailing) | 52.4 | 35.6 |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEIS | SANM |
|---|---|---|
| 2022 | -5.4% | +38.2% |
| 2023 | +27.5% | -10.3% |
| 2024 | +6.6% | +47.3% |
| 2025 | +81.6% | +98.3% |
| 2026 | +37.3% | +35.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEIS and SANM good diversifiers for each other?
Only partially. A correlation of 0.53 means AEIS and SANM 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 AEIS and SANM?
As of 2026-08-27, the correlation of weekly returns between AEIS and SANM is 0.53 over 3 years, 0.47 over 1 year and 0.57 over 5 years.
Is SANM a good diversifier for AEIS?
Only partially. A correlation of 0.53 means AEIS and SANM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/aeis-vs-sanm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aeis-vs-sanm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEIS correlations · SANM correlations
