ATEN vs RDWR: Correlation
Measured on weekly returns over the past three years, A10 Networks, Inc. (ATEN) and Radware Ltd. (RDWR) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEN and RDWR?
Across a 3-year window, the weekly returns of ATEN and RDWR correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.43). Stretching to 5 years gives 0.34, with an annualized covariance of 534.2 %².
Within ATEN's tracked universe of 14 assets, RDWR comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ATEN outperformed by 41.7 percentage points (+56.6% for ATEN against +14.9% for RDWR).
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.
ATEN vs RDWR: side by side
| ATEN (A10 Networks, Inc.) | RDWR (Radware Ltd.) | |
|---|---|---|
| 1-year return | +56.6% | +14.9% |
| 5-year return | +106.4% | -13.5% |
| Volatility (ann.) | 34.0% | 36.7% |
| Beta vs S&P 500 | 0.89 | 0.85 |
| Max drawdown (3Y) | -33.9% | -29.4% |
| Market cap | $2.0B | $1.2B |
| P/E (trailing) | 44.3 | 75.8 |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEN | RDWR |
|---|---|---|
| 2022 | +1.7% | -52.6% |
| 2023 | -19.4% | -15.5% |
| 2024 | +42.1% | +35.1% |
| 2025 | -2.6% | +6.9% |
| 2026 | +53.9% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEN and RDWR good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATEN and RDWR?
As of 2026-08-27, the correlation of weekly returns between ATEN and RDWR is 0.43 over 3 years, 0.59 over 1 year and 0.34 over 5 years.
Is RDWR a good diversifier for ATEN?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aten-vs-rdwr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aten-vs-rdwr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ATEN correlations · RDWR correlations
