AVT vs IPWR: Correlation
Avnet, Inc. (AVT) and Ideal Power Inc. (IPWR) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVT and IPWR?
Over the past 3 years, AVT and IPWR moved with a correlation of 0.35, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 853.6 %².
Among the 16 assets we track against AVT, IPWR ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AVT outperformed by 74.0 percentage points (+70.3% for AVT against -3.7% for IPWR). Risk is not evenly split, since IPWR carries 3.1 times the volatility of the other side.
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 IPWR: side by side
| AVT (Avnet, Inc.) | IPWR (Ideal Power Inc.) | |
|---|---|---|
| 1-year return | +70.3% | -3.7% |
| 5-year return | +153.5% | -68.3% |
| Volatility (ann.) | 28.1% | 86.2% |
| Beta vs S&P 500 | 1.05 | 1.72 |
| Max drawdown (3Y) | -27.1% | -80.0% |
| Market cap | $7.5B | $0.1B |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 1.55% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVT | IPWR |
|---|---|---|
| 2022 | +3.4% | -11.3% |
| 2023 | +24.4% | -27.4% |
| 2024 | +6.4% | -2.8% |
| 2025 | -5.6% | -59.1% |
| 2026 | +92.1% | +60.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVT and IPWR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVT and IPWR?
As of 2026-08-27, the correlation of weekly returns between AVT and IPWR is 0.35 over 3 years, 0.43 over 1 year and 0.32 over 5 years.
Is IPWR a good diversifier for AVT?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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/avt-vs-ipwr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avt-vs-ipwr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVT correlations · IPWR correlations
