AOSL vs AVNW: Correlation
Measured on weekly returns over the past three years, Alpha and Omega Semiconductor Limited (AOSL) and Aviat Networks, Inc. (AVNW) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOSL and AVNW?
On 3 years of weekly data the AOSL/AVNW correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 1486.3 %².
Out of 16 assets tracked against AOSL, AVNW lands near the bottom at #12. Neither side won the trailing year by much: -11.4% against -6.6%.
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.
AOSL vs AVNW: side by side
| AOSL (Alpha and Omega Semiconductor Limited) | AVNW (Aviat Networks, Inc.) | |
|---|---|---|
| 1-year return | -11.4% | -6.6% |
| 5-year return | -9.2% | -39.7% |
| Volatility (ann.) | 69.3% | 50.7% |
| Beta vs S&P 500 | 2.34 | 0.79 |
| Max drawdown (3Y) | -66.9% | -64.3% |
| Market cap | $0.8B | $0.3B |
| P/E (trailing) | – | 31.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOSL | AVNW |
|---|---|---|
| 2022 | -52.8% | -2.8% |
| 2023 | -8.8% | +4.7% |
| 2024 | +42.1% | -44.5% |
| 2025 | -46.5% | +18.1% |
| 2026 | +32.4% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOSL and AVNW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AOSL and AVNW?
As of 2026-08-27, the correlation of weekly returns between AOSL and AVNW is 0.42 over 3 years, 0.34 over 1 year and 0.43 over 5 years.
Is AVNW a good diversifier for AOSL?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aosl-vs-avnw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aosl-vs-avnw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AOSL correlations · AVNW correlations
