AKAM vs SHAK: Correlation
Measured on weekly returns over the past three years, Akamai Technologies (AKAM) and Shake Shack, Inc. (SHAK) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and SHAK?
Across a 3-year window, the weekly returns of AKAM and SHAK correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.23). Stretching to 5 years gives -0.06, with an annualized covariance of -538.3 %².
Within AKAM's tracked universe of 30 assets, SHAK comes in at #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AKAM outperformed by 76.0 percentage points (+42.1% for AKAM against -33.9% for SHAK).
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 SHAK: side by side
| AKAM (Akamai Technologies) | SHAK (Shake Shack, Inc.) | |
|---|---|---|
| 1-year return | +42.1% | -33.9% |
| 5-year return | -1.6% | -18.1% |
| Volatility (ann.) | 45.7% | 51.5% |
| Beta vs S&P 500 | 0.58 | 1.42 |
| Max drawdown (3Y) | -46.8% | -63.1% |
| Market cap | $16.0B | $3.0B |
| P/E (trailing) | 40.3 | 76.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AKAM | SHAK |
|---|---|---|
| 2022 | -28.0% | -42.4% |
| 2023 | +40.4% | +78.5% |
| 2024 | -19.2% | +75.1% |
| 2025 | -8.8% | -37.5% |
| 2026 | +27.5% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and SHAK good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AKAM and SHAK?
As of 2026-08-27, the correlation of weekly returns between AKAM and SHAK is -0.23 over 3 years, -0.46 over 1 year and -0.06 over 5 years.
Is SHAK a good diversifier for AKAM?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/akam-vs-shak.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/akam-vs-shak/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKAM correlations · SHAK correlations
