AVAV vs SEB: Correlation
How closely do AeroVironment, Inc. (AVAV) and Seaboard Corporation (SEB) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVAV and SEB?
On 3 years of weekly data the AVAV/SEB correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. The 5-year figure is -0.11, and annualized covariance runs at -559.5 %².
Out of 13 assets tracked against AVAV, SEB lands near the bottom at #11. Their recent paths diverged sharply: over the last 12 months SEB outperformed by 43.3 percentage points (-38.5% for AVAV against +4.8% for SEB). Note the risk asymmetry: AVAV runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SEB: side by side
| AVAV (AeroVironment, Inc.) | SEB (Seaboard Corporation) | |
|---|---|---|
| 1-year return | -38.5% | +4.8% |
| 5-year return | +48.2% | -4.5% |
| Volatility (ann.) | 73.1% | 32.8% |
| Beta vs S&P 500 | 1.82 | -0.07 |
| Max drawdown (3Y) | -66.6% | -37.7% |
| Market cap | $7.7B | $3.8B |
| P/E (trailing) | – | 6.0 |
| Dividend yield | 0.00% | 0.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVAV | SEB |
|---|---|---|
| 2022 | +38.1% | -3.8% |
| 2023 | +47.1% | -5.2% |
| 2024 | +22.1% | -31.7% |
| 2025 | +57.2% | +83.5% |
| 2026 | -37.0% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVAV and SEB good diversifiers for each other?
Yes. With a correlation of -0.23, AVAV and SEB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AVAV and SEB?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.26 over the last year and -0.11 over 5 years.
Is SEB a good diversifier for AVAV?
Yes. With a correlation of -0.23, AVAV and SEB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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/avav-vs-seb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avav-vs-seb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVAV correlations · SEB correlations
