AVNW vs CDW: Correlation
Aviat Networks, Inc. (AVNW) and CDW Corporation (CDW) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNW and CDW?
Over the past 3 years, AVNW and CDW moved with a correlation of 0.44, which is moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.44). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 758.5 %².
Few assets follow AVNW as closely as CDW, which ranks #2 of 13 tracked partners. Twelve-month performance is nearly a tie, at -6.6% for AVNW and -8.0% for CDW.
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.
AVNW vs CDW: side by side
| AVNW (Aviat Networks, Inc.) | CDW (CDW Corporation) | |
|---|---|---|
| 1-year return | -6.6% | -8.0% |
| 5-year return | -39.7% | -20.5% |
| Volatility (ann.) | 50.7% | 34.2% |
| Beta vs S&P 500 | 0.79 | 1.01 |
| Max drawdown (3Y) | -64.3% | -60.4% |
| Market cap | $0.3B | $18.6B |
| P/E (trailing) | 31.1 | 17.0 |
| Dividend yield | 0.00% | 1.78% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AVNW | CDW |
|---|---|---|
| 2022 | -2.8% | -11.7% |
| 2023 | +4.7% | +28.8% |
| 2024 | -44.5% | -22.6% |
| 2025 | +18.1% | -20.6% |
| 2026 | +0.3% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNW and CDW good diversifiers for each other?
Reasonably. At 0.44, AVNW and CDW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVNW and CDW?
As of 2026-08-27, the correlation of weekly returns between AVNW and CDW is 0.44 over 3 years, 0.66 over 1 year and 0.44 over 5 years.
Is CDW a good diversifier for AVNW?
Reasonably. At 0.44, AVNW and CDW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/avnw-vs-cdw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avnw-vs-cdw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVNW correlations · CDW correlations
