APWC vs FTHM: Correlation
How closely do Asia Pacific Wire & Cable Corporation Limited (APWC) and Fathom Holdings Inc. (FTHM) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APWC and FTHM?
Over the past 3 years, APWC and FTHM moved with a correlation of 0.39, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.39 over 3 years. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 2502.4 %².
In APWC's tracked universe of 11 assets, FTHM sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months APWC outperformed by 39.2 percentage points (-22.1% for APWC against -61.3% for FTHM). One caveat on sizing: FTHM is 2.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
APWC vs FTHM: side by side
| APWC (Asia Pacific Wire & Cable Corporation Limited) | FTHM (Fathom Holdings Inc.) | |
|---|---|---|
| 1-year return | -22.1% | -61.3% |
| 5-year return | -59.0% | -97.7% |
| Volatility (ann.) | 48.8% | 130.4% |
| Beta vs S&P 500 | 0.50 | 2.16 |
| Max drawdown (3Y) | -42.4% | -93.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | 5.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APWC | FTHM |
|---|---|---|
| 2022 | -29.4% | -79.2% |
| 2023 | -13.2% | -15.5% |
| 2024 | +17.6% | -57.4% |
| 2025 | +26.5% | -34.0% |
| 2026 | -24.2% | -34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APWC and FTHM good diversifiers for each other?
Reasonably. At 0.39, APWC and FTHM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APWC and FTHM?
As of 2026-08-27, the correlation of weekly returns between APWC and FTHM is 0.39 over 3 years, 0.67 over 1 year and 0.32 over 5 years.
Is FTHM a good diversifier for APWC?
Reasonably. At 0.39, APWC and FTHM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/apwc-vs-fthm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apwc-vs-fthm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APWC correlations · FTHM correlations
