AVA vs AWK: Correlation
Avista Corporation (AVA) and American Water Works (AWK) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVA and AWK?
Across a 3-year window, the weekly returns of AVA and AWK correlate at 0.59, moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.59). Stretching to 5 years gives 0.58, with an annualized covariance of 241.5 %².
Among the 20 assets we track against AVA, AWK ranks #7 by 3-year correlation. The trailing year gives AVA the advantage: +6.9% versus -3.0%, a 9.9-point spread.
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.
AVA vs AWK: side by side
| AVA (Avista Corporation) | AWK (American Water Works) | |
|---|---|---|
| 1-year return | +6.9% | -3.0% |
| 5-year return | +15.3% | -16.6% |
| Volatility (ann.) | 19.8% | 20.7% |
| Beta vs S&P 500 | 0.05 | -0.11 |
| Max drawdown (3Y) | -14.0% | -18.8% |
| Market cap | $3.2B | $27.2B |
| P/E (trailing) | 13.8 | 23.7 |
| Dividend yield | 5.15% | 2.46% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | AVA | AWK |
|---|---|---|
| 2022 | +8.8% | -17.9% |
| 2023 | -15.3% | -11.7% |
| 2024 | +7.8% | -3.5% |
| 2025 | +10.7% | +7.4% |
| 2026 | +1.6% | +6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVA and AWK 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 AVA and AWK?
The AVA/AWK correlation stands at 0.59 on a 3-year window (1 year: 0.33, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is AWK a good diversifier for AVA?
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?
On the −1 to +1 scale, 0.59 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/ava-vs-awk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ava-vs-awk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVA correlations · AWK correlations
