AES vs SWK: Correlation
Measured on weekly returns over the past three years, AES Corporation (AES) and Stanley Black & Decker (SWK) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AES and SWK?
Across a 3-year window, the weekly returns of AES and SWK correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 690.5 %².
By 3-year correlation, SWK places #13 of the 31 assets tracked against AES. The last year tells two different stories: SWK led by 21.1 percentage points, +15.9% for AES against +37.0% for SWK. The rolling one-year correlation moved between 0.29 and 0.66 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.
AES vs SWK: side by side
| AES (AES Corporation) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | +15.9% | +37.0% |
| 5-year return | -25.1% | -39.1% |
| Volatility (ann.) | 40.5% | 35.4% |
| Beta vs S&P 500 | 0.86 | 1.19 |
| Max drawdown (3Y) | -53.3% | -48.3% |
| Market cap | $10.5B | $15.0B |
| P/E (trailing) | 5.5 | 24.4 |
| Dividend yield | 4.78% | 3.33% |
| Sector / category | Utilities | Industrials |
Year-by-year returns
| Year | AES | SWK |
|---|---|---|
| 2022 | +21.7% | -58.9% |
| 2023 | -30.9% | +35.6% |
| 2024 | -30.4% | -15.2% |
| 2025 | +18.3% | -3.2% |
| 2026 | +6.6% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AES and SWK good diversifiers for each other?
Reasonably. At 0.48, AES and SWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AES and SWK?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.38 over the last year and 0.41 over 5 years.
Is SWK a good diversifier for AES?
Reasonably. At 0.48, AES and SWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/aes-vs-swk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aes-vs-swk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AES correlations · SWK correlations
