AVT vs TXN: Correlation
How closely do Avnet, Inc. (AVT) and Texas Instruments (TXN) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVT and TXN?
Across a 3-year window, the weekly returns of AVT and TXN correlate at 0.70, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.70 over 3. Stretching to 5 years gives 0.64, with an annualized covariance of 677.0 %².
In AVT's tracked universe of 16 assets, TXN sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months AVT outperformed by 37.2 percentage points (+70.3% for AVT against +33.1% for TXN).
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 TXN: side by side
| AVT (Avnet, Inc.) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | +70.3% | +33.1% |
| 5-year return | +153.5% | +60.4% |
| Volatility (ann.) | 28.1% | 34.3% |
| Beta vs S&P 500 | 1.05 | 1.28 |
| Max drawdown (3Y) | -27.1% | -33.4% |
| Market cap | $7.5B | $243.4B |
| P/E (trailing) | 22.5 | 40.6 |
| Dividend yield | 1.55% | 2.15% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AVT | TXN |
|---|---|---|
| 2022 | +3.4% | -9.9% |
| 2023 | +24.4% | +6.4% |
| 2024 | +6.4% | +13.1% |
| 2025 | -5.6% | -4.5% |
| 2026 | +92.1% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVT and TXN good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVT and TXN?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.71 over the last year and 0.64 over 5 years.
Is TXN a good diversifier for AVT?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 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.
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Related comparisons
Hubs: AVT correlations · TXN correlations
