AVA vs EIX: Correlation
How closely do Avista Corporation (AVA) and Edison International (EIX) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVA and EIX?
On 3 years of weekly data the AVA/EIX correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 262.4 %².
By 3-year correlation, EIX places #11 of the 20 assets tracked against AVA. The last year tells two different stories: EIX led by 33.5 percentage points, +6.9% for AVA against +40.4% for EIX.
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 EIX: side by side
| AVA (Avista Corporation) | EIX (Edison International) | |
|---|---|---|
| 1-year return | +6.9% | +40.4% |
| 5-year return | +15.3% | +62.2% |
| Volatility (ann.) | 19.8% | 26.0% |
| Beta vs S&P 500 | 0.05 | 0.24 |
| Max drawdown (3Y) | -14.0% | -43.9% |
| Market cap | $3.2B | $28.4B |
| P/E (trailing) | 13.8 | 7.7 |
| Dividend yield | 5.15% | 4.64% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | AVA | EIX |
|---|---|---|
| 2022 | +8.8% | -2.6% |
| 2023 | -15.3% | +17.4% |
| 2024 | +7.8% | +15.2% |
| 2025 | +10.7% | -20.4% |
| 2026 | +1.6% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVA and EIX good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AVA and EIX?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.56 over the last year and 0.52 over 5 years.
Is EIX a good diversifier for AVA?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ava-vs-eix.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ava-vs-eix/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVA correlations · EIX correlations
