ATEN vs WWD: Correlation
Measured on weekly returns over the past three years, A10 Networks, Inc. (ATEN) and Woodward, Inc. (WWD) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEN and WWD?
Across a 3-year window, the weekly returns of ATEN and WWD correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 528.0 %².
Among the 14 assets we track against ATEN, WWD ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ATEN ahead by 17.4 points (+56.6% versus +39.2%).
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.
ATEN vs WWD: side by side
| ATEN (A10 Networks, Inc.) | WWD (Woodward, Inc.) | |
|---|---|---|
| 1-year return | +56.6% | +39.2% |
| 5-year return | +106.4% | +191.7% |
| Volatility (ann.) | 34.0% | 33.5% |
| Beta vs S&P 500 | 0.89 | 1.09 |
| Max drawdown (3Y) | -33.9% | -23.6% |
| Market cap | $2.0B | $20.4B |
| P/E (trailing) | 44.3 | 38.5 |
| Dividend yield | 0.93% | 0.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEN | WWD |
|---|---|---|
| 2022 | +1.7% | -11.1% |
| 2023 | -19.4% | +42.0% |
| 2024 | +42.1% | +23.0% |
| 2025 | -2.6% | +82.6% |
| 2026 | +53.9% | +14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEN and WWD good diversifiers for each other?
Reasonably. At 0.46, ATEN and WWD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATEN and WWD?
The ATEN/WWD correlation stands at 0.46 on a 3-year window (1 year: 0.46, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is WWD a good diversifier for ATEN?
Reasonably. At 0.46, ATEN and WWD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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-wwd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aten-vs-wwd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATEN correlations · WWD correlations
