AUDC vs AVNW: Correlation
How closely do AudioCodes Ltd. (AUDC) and Aviat Networks, Inc. (AVNW) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUDC and AVNW?
Across a 3-year window, the weekly returns of AUDC and AVNW correlate at 0.48, moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.48). Stretching to 5 years gives 0.42, with an annualized covariance of 1122.3 %².
Few assets follow AUDC as closely as AVNW, which ranks #3 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with AUDC ahead by 20.5 points (+13.9% versus -6.6%).
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.
AUDC vs AVNW: side by side
| AUDC (AudioCodes Ltd.) | AVNW (Aviat Networks, Inc.) | |
|---|---|---|
| 1-year return | +13.9% | -6.6% |
| 5-year return | -62.9% | -39.7% |
| Volatility (ann.) | 45.8% | 50.7% |
| Beta vs S&P 500 | 1.24 | 0.79 |
| Max drawdown (3Y) | -46.4% | -64.3% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | 40.9 | 31.1 |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUDC | AVNW |
|---|---|---|
| 2022 | -47.8% | -2.8% |
| 2023 | -30.7% | +4.7% |
| 2024 | -16.8% | -44.5% |
| 2025 | -7.1% | +18.1% |
| 2026 | +22.9% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUDC and AVNW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AUDC and AVNW?
The AUDC/AVNW correlation stands at 0.48 on a 3-year window (1 year: 0.34, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is AVNW a good diversifier for AUDC?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/audc-vs-avnw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/audc-vs-avnw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUDC correlations · AVNW correlations
