ARW vs TKR: Correlation
Measured on weekly returns over the past three years, Arrow Electronics, Inc. (ARW) and Timken Company (The) (TKR) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARW and TKR?
Across a 3-year window, the weekly returns of ARW and TKR correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.62, with an annualized covariance of 491.1 %².
Within ARW's tracked universe of 13 assets, TKR comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +63.5% for ARW and +59.8% for TKR.
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 TKR: side by side
| ARW (Arrow Electronics, Inc.) | TKR (Timken Company (The)) | |
|---|---|---|
| 1-year return | +63.5% | +59.8% |
| 5-year return | +70.1% | +80.3% |
| Volatility (ann.) | 30.4% | 27.4% |
| Beta vs S&P 500 | 0.99 | 0.98 |
| Max drawdown (3Y) | -34.1% | -37.6% |
| Market cap | $10.6B | $8.6B |
| P/E (trailing) | 13.2 | 33.7 |
| Dividend yield | 0.00% | 1.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARW | TKR |
|---|---|---|
| 2022 | -22.1% | +3.9% |
| 2023 | +16.9% | +15.4% |
| 2024 | -7.5% | -9.5% |
| 2025 | -2.6% | +20.0% |
| 2026 | +89.7% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARW and TKR good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARW and TKR?
As of 2026-08-27, the correlation of weekly returns between ARW and TKR is 0.59 over 3 years, 0.58 over 1 year and 0.62 over 5 years.
Is TKR a good diversifier for ARW?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 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-tkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arw-vs-tkr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARW correlations · TKR correlations
