AVAV vs LINK: Correlation
AeroVironment, Inc. (AVAV) and Interlink Electronics, Inc. (LINK) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVAV and LINK?
Over the past 3 years, AVAV and LINK moved with a correlation of 0.34, which is moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 2008.9 %².
By 3-year correlation, LINK places #8 of the 13 assets tracked against AVAV. Correlation aside, the last 12 months split them widely, with LINK ahead by 37.0 points (-38.5% versus -1.5%).
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.
AVAV vs LINK: side by side
| AVAV (AeroVironment, Inc.) | LINK (Interlink Electronics, Inc.) | |
|---|---|---|
| 1-year return | -38.5% | -1.5% |
| 5-year return | +48.2% | +17.2% |
| Volatility (ann.) | 73.1% | 81.3% |
| Beta vs S&P 500 | 1.82 | 1.01 |
| Max drawdown (3Y) | -66.6% | -71.3% |
| Market cap | $7.7B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVAV | LINK |
|---|---|---|
| 2022 | +38.1% | -15.7% |
| 2023 | +47.1% | +56.5% |
| 2024 | +22.1% | -26.8% |
| 2025 | +57.2% | -6.7% |
| 2026 | -37.0% | +34.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVAV and LINK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVAV and LINK?
As of 2026-08-27, the correlation of weekly returns between AVAV and LINK is 0.34 over 3 years, 0.37 over 1 year and 0.26 over 5 years.
Is LINK a good diversifier for AVAV?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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.
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Related comparisons
Hubs: AVAV correlations · LINK correlations
