APH vs CF: Correlation
Measured on weekly returns over the past three years, Amphenol (APH) and CF Industries (CF) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and CF?
Across a 3-year window, the weekly returns of APH and CF correlate at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.41) runs below the 3-year figure (-0.18). Stretching to 5 years gives -0.03, with an annualized covariance of -197.8 %².
Within APH's tracked universe of 38 assets, CF comes in at #33 by 3-year correlation. Twelve-month performance is nearly a tie, at +47.5% for APH and +48.6% for CF. The relationship is regime-dependent: the rolling one-year correlation swung between -0.38 and 0.31 over the past three years, so this pair behaves very differently depending on the market environment.
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.
APH vs CF: side by side
| APH (Amphenol) | CF (CF Industries) | |
|---|---|---|
| 1-year return | +47.5% | +48.6% |
| 5-year return | +338.9% | +211.5% |
| Volatility (ann.) | 33.6% | 32.8% |
| Beta vs S&P 500 | 1.57 | -0.20 |
| Max drawdown (3Y) | -28.2% | -29.2% |
| Market cap | $199.0B | $19.0B |
| P/E (trailing) | 40.3 | 9.3 |
| Dividend yield | 0.57% | 1.59% |
| Sector / category | Information Technology | Materials |
Year-by-year returns
| Year | APH | CF |
|---|---|---|
| 2022 | -12.0% | +22.3% |
| 2023 | +31.5% | -4.7% |
| 2024 | +41.3% | +10.1% |
| 2025 | +96.1% | -7.2% |
| 2026 | +19.8% | +64.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and CF good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APH and CF?
The APH/CF correlation stands at -0.18 on a 3-year window (1 year: -0.41, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is CF a good diversifier for APH?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 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: APH correlations · CF correlations
