ARW vs KN: Correlation
How closely do Arrow Electronics, Inc. (ARW) and Knowles Corporation (KN) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARW and KN?
Across a 3-year window, the weekly returns of ARW and KN correlate at 0.60, strong. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 660.2 %².
In ARW's tracked universe of 13 assets, KN sits right near the top at #3. Twelve-month performance is nearly a tie, at +63.5% for ARW and +61.9% for KN.
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 KN: side by side
| ARW (Arrow Electronics, Inc.) | KN (Knowles Corporation) | |
|---|---|---|
| 1-year return | +63.5% | +61.9% |
| 5-year return | +70.1% | +73.8% |
| Volatility (ann.) | 30.4% | 36.5% |
| Beta vs S&P 500 | 0.99 | 1.65 |
| Max drawdown (3Y) | -34.1% | -38.0% |
| Market cap | $10.6B | $3.0B |
| P/E (trailing) | 13.2 | 41.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARW | KN |
|---|---|---|
| 2022 | -22.1% | -29.7% |
| 2023 | +16.9% | +9.1% |
| 2024 | -7.5% | +11.3% |
| 2025 | -2.6% | +7.5% |
| 2026 | +89.7% | +63.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARW and KN good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARW and KN?
The ARW/KN correlation stands at 0.60 on a 3-year window (1 year: 0.58, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is KN a good diversifier for ARW?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arw-vs-kn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arw-vs-kn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARW correlations · KN correlations
