ARW vs TXN: Correlation
Measured on weekly returns over the past three years, Arrow Electronics, Inc. (ARW) and Texas Instruments (TXN) 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 TXN?
Across a 3-year window, the weekly returns of ARW and TXN correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 612.0 %².
Among the 13 assets we track against ARW, TXN ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ARW outperformed by 30.4 percentage points (+63.5% for ARW against +33.1% for TXN).
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 TXN: side by side
| ARW (Arrow Electronics, Inc.) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | +63.5% | +33.1% |
| 5-year return | +70.1% | +60.4% |
| Volatility (ann.) | 30.4% | 34.3% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -34.1% | -33.4% |
| Market cap | $10.6B | $243.4B |
| P/E (trailing) | 13.2 | 40.6 |
| Dividend yield | 0.00% | 2.15% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ARW | TXN |
|---|---|---|
| 2022 | -22.1% | -9.9% |
| 2023 | +16.9% | +6.4% |
| 2024 | -7.5% | +13.1% |
| 2025 | -2.6% | -4.5% |
| 2026 | +89.7% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARW and TXN good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARW and TXN?
As of 2026-08-27, the correlation of weekly returns between ARW and TXN is 0.59 over 3 years, 0.57 over 1 year and 0.58 over 5 years.
Is TXN a good diversifier for ARW?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
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.
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Related comparisons
Hubs: ARW correlations · TXN correlations
