AKAM vs QCOM: Correlation
How closely do Akamai Technologies (AKAM) and Qualcomm (QCOM) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and QCOM?
On 3 years of weekly data the AKAM/QCOM correlation comes out at 0.34, moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.34 over 3. The 5-year figure is 0.34, and annualized covariance runs at 657.4 %².
Among the 30 assets we track against AKAM, QCOM ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AKAM ahead by 36.8 points (+42.1% versus +5.3%). The rolling one-year correlation moved between 0.04 and 0.50 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.
AKAM vs QCOM: side by side
| AKAM (Akamai Technologies) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | +42.1% | +5.3% |
| 5-year return | -1.6% | +25.8% |
| Volatility (ann.) | 45.7% | 42.4% |
| Beta vs S&P 500 | 0.58 | 1.77 |
| Max drawdown (3Y) | -46.8% | -44.2% |
| Market cap | $16.0B | $176.0B |
| P/E (trailing) | 40.3 | 18.9 |
| Dividend yield | 0.00% | 2.19% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AKAM | QCOM |
|---|---|---|
| 2022 | -28.0% | -38.6% |
| 2023 | +40.4% | +35.1% |
| 2024 | -19.2% | +8.3% |
| 2025 | -8.8% | +13.8% |
| 2026 | +27.5% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and QCOM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AKAM and QCOM?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.35 over the last year and 0.34 over 5 years.
Is QCOM a good diversifier for AKAM?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AKAM correlations · QCOM correlations
