AVT vs VIAV: Correlation
How closely do Avnet, Inc. (AVT) and Viavi Solutions Inc. (VIAV) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVT and VIAV?
On 3 years of weekly data the AVT/VIAV correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 634.0 %².
By 3-year correlation, VIAV places #8 of the 16 assets tracked against AVT. Their recent paths diverged sharply: over the last 12 months VIAV outperformed by 174.9 percentage points (+70.3% for AVT against +245.2% for VIAV). Risk is not evenly split, since VIAV carries 1.7 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 VIAV: side by side
| AVT (Avnet, Inc.) | VIAV (Viavi Solutions Inc.) | |
|---|---|---|
| 1-year return | +70.3% | +245.2% |
| 5-year return | +153.5% | +132.5% |
| Volatility (ann.) | 28.1% | 47.3% |
| Beta vs S&P 500 | 1.05 | 1.14 |
| Max drawdown (3Y) | -27.1% | -41.7% |
| Market cap | $7.5B | $9.5B |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 1.55% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVT | VIAV |
|---|---|---|
| 2022 | +3.4% | -40.4% |
| 2023 | +24.4% | -4.2% |
| 2024 | +6.4% | +0.3% |
| 2025 | -5.6% | +76.4% |
| 2026 | +92.1% | +115.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVT and VIAV good diversifiers for each other?
Reasonably. At 0.48, AVT and VIAV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVT and VIAV?
As of 2026-08-27, the correlation of weekly returns between AVT and VIAV is 0.48 over 3 years, 0.51 over 1 year and 0.45 over 5 years.
Is VIAV a good diversifier for AVT?
Reasonably. At 0.48, AVT and VIAV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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-viav.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avt-vs-viav/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVT correlations · VIAV correlations
