ARW vs SNX: Correlation
Arrow Electronics, Inc. (ARW) and TD SYNNEX Corporation (SNX) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARW and SNX?
Across a 3-year window, the weekly returns of ARW and SNX correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 536.9 %².
By 3-year correlation, SNX places #6 of the 13 assets tracked against ARW. Over the last 12 months SNX came out ahead by 12.7 percentage points (+63.5% against +76.2%).
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 SNX: side by side
| ARW (Arrow Electronics, Inc.) | SNX (TD SYNNEX Corporation) | |
|---|---|---|
| 1-year return | +63.5% | +76.2% |
| 5-year return | +70.1% | +114.5% |
| Volatility (ann.) | 30.4% | 31.3% |
| Beta vs S&P 500 | 0.99 | 1.15 |
| Max drawdown (3Y) | -34.1% | -33.8% |
| Market cap | $10.6B | – |
| P/E (trailing) | 13.2 | 18.6 |
| Dividend yield | 0.00% | 0.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARW | SNX |
|---|---|---|
| 2022 | -22.1% | -16.1% |
| 2023 | +16.9% | +15.3% |
| 2024 | -7.5% | +10.5% |
| 2025 | -2.6% | +29.8% |
| 2026 | +89.7% | +74.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARW and SNX good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARW and SNX?
The ARW/SNX correlation stands at 0.57 on a 3-year window (1 year: 0.53, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is SNX a good diversifier for ARW?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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-snx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arw-vs-snx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARW correlations · SNX correlations
