ARW vs AVT: Correlation
Arrow Electronics, Inc. (ARW) and Avnet, Inc. (AVT) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARW and AVT?
Across a 3-year window, the weekly returns of ARW and AVT correlate at 0.75, strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.75 over 3. Stretching to 5 years gives 0.77, with an annualized covariance of 642.3 %².
In ARW's tracked universe of 13 assets, AVT sits right near the top at #1. On 12-month performance AVT holds a 6.8-point edge, +63.5% against +70.3%.
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.
ARW vs AVT: side by side
| ARW (Arrow Electronics, Inc.) | AVT (Avnet, Inc.) | |
|---|---|---|
| 1-year return | +63.5% | +70.3% |
| 5-year return | +70.1% | +153.5% |
| Volatility (ann.) | 30.4% | 28.1% |
| Beta vs S&P 500 | 0.99 | 1.05 |
| Max drawdown (3Y) | -34.1% | -27.1% |
| Market cap | $10.6B | $7.5B |
| P/E (trailing) | 13.2 | 22.5 |
| Dividend yield | 0.00% | 1.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARW | AVT |
|---|---|---|
| 2022 | -22.1% | +3.4% |
| 2023 | +16.9% | +24.4% |
| 2024 | -7.5% | +6.4% |
| 2025 | -2.6% | -5.6% |
| 2026 | +89.7% | +92.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARW and AVT good diversifiers for each other?
Only partially. A correlation of 0.75 means ARW and AVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARW and AVT?
The ARW/AVT correlation stands at 0.75 on a 3-year window (1 year: 0.73, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is AVT a good diversifier for ARW?
Only partially. A correlation of 0.75 means ARW and AVT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
A reading of 0.75 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/arw-vs-avt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arw-vs-avt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARW correlations · AVT correlations
