APH vs WIT: Correlation
Amphenol (APH) and Wipro Limited (WIT) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and WIT?
On 3 years of weekly data the APH/WIT correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 469.7 %².
Among the 38 assets we track against APH, WIT ranks #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months APH outperformed by 82.7 percentage points (+47.5% for APH against -35.2% for WIT).
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 WIT: side by side
| APH (Amphenol) | WIT (Wipro Limited) | |
|---|---|---|
| 1-year return | +47.5% | -35.2% |
| 5-year return | +338.9% | -58.2% |
| Volatility (ann.) | 33.6% | 32.7% |
| Beta vs S&P 500 | 1.57 | 0.88 |
| Max drawdown (3Y) | -28.2% | -51.2% |
| Market cap | $199.0B | $17.8B |
| P/E (trailing) | 40.3 | 13.8 |
| Dividend yield | 0.57% | 437.16% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | APH | WIT |
|---|---|---|
| 2022 | -12.0% | -51.8% |
| 2023 | +31.5% | +19.8% |
| 2024 | +41.3% | +27.4% |
| 2025 | +96.1% | -16.6% |
| 2026 | +19.8% | -35.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and WIT good diversifiers for each other?
Reasonably. At 0.43, APH and WIT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APH and WIT?
The APH/WIT correlation stands at 0.43 on a 3-year window (1 year: 0.41, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is WIT a good diversifier for APH?
Reasonably. At 0.43, APH and WIT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aph-vs-wit.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aph-vs-wit/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APH correlations · WIT correlations
