AKAN vs SILC: Correlation
Measured on weekly returns over the past three years, Akanda Corp. (AKAN) and Silicom Ltd (SILC) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and SILC?
Across a 3-year window, the weekly returns of AKAN and SILC correlate at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.39). Stretching to 5 years gives 0.36, with an annualized covariance of 6084.4 %².
By 3-year correlation, SILC places #7 of the 26 assets tracked against AKAN. Correlation aside, the last 12 months split them widely, with SILC ahead by 288.3 points (-95.2% versus +193.1%). Note the risk asymmetry: AKAN runs 5.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AKAN vs SILC: side by side
| AKAN (Akanda Corp.) | SILC (Silicom Ltd) | |
|---|---|---|
| 1-year return | -95.2% | +193.1% |
| 5-year return | -100.0% | +6.1% |
| Volatility (ann.) | 285.6% | 54.8% |
| Beta vs S&P 500 | 2.86 | 0.98 |
| Max drawdown (3Y) | -99.9% | -56.5% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | SILC |
|---|---|---|
| 2022 | – | -18.3% |
| 2023 | -70.5% | -57.1% |
| 2024 | -95.5% | -9.9% |
| 2025 | -90.9% | -9.9% |
| 2026 | -58.9% | +224.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and SILC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AKAN and SILC?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.54 over the last year and 0.36 over 5 years.
Is SILC a good diversifier for AKAN?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/akan-vs-silc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/akan-vs-silc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AKAN correlations · SILC correlations
