AVT vs CALC: Correlation
Measured on weekly returns over the past three years, Avnet, Inc. (AVT) and CalciMedica, Inc. (CALC) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVT and CALC?
Over the past 3 years, AVT and CALC moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.53 versus -0.29 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -957.7 %².
Among the 16 assets we track against AVT, CALC sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with AVT ahead by 154.1 points (+70.3% versus -83.8%). Note the risk asymmetry: CALC runs 4.1 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.
AVT vs CALC: side by side
| AVT (Avnet, Inc.) | CALC (CalciMedica, Inc.) | |
|---|---|---|
| 1-year return | +70.3% | -83.8% |
| 5-year return | +153.5% | n/a |
| Volatility (ann.) | 28.1% | 115.7% |
| Beta vs S&P 500 | 1.05 | 0.26 |
| Max drawdown (3Y) | -27.1% | -93.7% |
| Market cap | $7.5B | – |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 1.55% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVT | CALC |
|---|---|---|
| 2022 | +3.4% | – |
| 2023 | +24.4% | – |
| 2024 | +6.4% | +23.8% |
| 2025 | -5.6% | +86.2% |
| 2026 | +92.1% | -92.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVT and CALC good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AVT and CALC?
The AVT/CALC correlation stands at -0.29 on a 3-year window (1 year: -0.53, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CALC a good diversifier for AVT?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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: AVT correlations · CALC correlations
