AVT vs TULP: Correlation
Avnet, Inc. (AVT) and Bloomia Holdings, Inc. (TULP) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVT and TULP?
Across a 3-year window, the weekly returns of AVT and TULP correlate at 0.29, weak. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.29). Stretching to 5 years gives 0.08, with an annualized covariance of 424.7 %².
Out of 16 assets tracked against AVT, TULP lands near the bottom at #12. The last year tells two different stories: AVT led by 110.7 percentage points, +70.3% for AVT against -40.4% for TULP. One caveat on sizing: TULP is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TULP: side by side
| AVT (Avnet, Inc.) | TULP (Bloomia Holdings, Inc.) | |
|---|---|---|
| 1-year return | +70.3% | -40.4% |
| 5-year return | +153.5% | -59.8% |
| Volatility (ann.) | 28.1% | 52.9% |
| Beta vs S&P 500 | 1.05 | 0.08 |
| Max drawdown (3Y) | -27.1% | -53.2% |
| 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 | TULP |
|---|---|---|
| 2022 | +3.4% | -66.2% |
| 2023 | +24.4% | -41.0% |
| 2024 | +6.4% | +5.2% |
| 2025 | -5.6% | -28.9% |
| 2026 | +92.1% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVT and TULP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVT and TULP?
As of 2026-08-27, the correlation of weekly returns between AVT and TULP is 0.29 over 3 years, 0.50 over 1 year and 0.08 over 5 years.
Is TULP a good diversifier for AVT?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 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-tulp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avt-vs-tulp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVT correlations · TULP correlations
