AVT vs SKM: Correlation
Measured on weekly returns over the past three years, Avnet, Inc. (AVT) and SK Telecom Co., Ltd. (SKM) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVT and SKM?
Over the past 3 years, AVT and SKM moved with a correlation of 0.40, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 355.6 %².
Within AVT's tracked universe of 16 assets, SKM comes in at #9 by 3-year correlation. On 12-month performance SKM holds a 9.8-point edge, +70.3% against +80.1%.
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 SKM: side by side
| AVT (Avnet, Inc.) | SKM (SK Telecom Co., Ltd.) | |
|---|---|---|
| 1-year return | +70.3% | +80.1% |
| 5-year return | +153.5% | +83.7% |
| Volatility (ann.) | 28.1% | 31.3% |
| Beta vs S&P 500 | 1.05 | 0.32 |
| Max drawdown (3Y) | -27.1% | -35.6% |
| Market cap | $7.5B | $15.2B |
| P/E (trailing) | 22.5 | 29.0 |
| Dividend yield | 1.55% | 4170.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVT | SKM |
|---|---|---|
| 2022 | +3.4% | -17.8% |
| 2023 | +24.4% | +11.6% |
| 2024 | +6.4% | +2.9% |
| 2025 | -5.6% | +1.0% |
| 2026 | +92.1% | +92.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVT and SKM good diversifiers for each other?
Reasonably. At 0.40, AVT and SKM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVT and SKM?
As of 2026-08-27, the correlation of weekly returns between AVT and SKM is 0.40 over 3 years, 0.50 over 1 year and 0.32 over 5 years.
Is SKM a good diversifier for AVT?
Reasonably. At 0.40, AVT and SKM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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-skm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avt-vs-skm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVT correlations · SKM correlations
