AWK vs CORZ: Correlation
American Water Works (AWK) and Core Scientific, Inc. (CORZ) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWK and CORZ?
Over the past 3 years, AWK and CORZ moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.27 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -453.0 %².
Among the 49 assets we track against AWK, CORZ sits near the bottom by co-movement, at rank #45. Correlation aside, the last 12 months split them widely, with CORZ ahead by 27.1 points (-3.0% versus +24.1%). Risk is not evenly split, since CORZ carries 4.3 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.
AWK vs CORZ: side by side
| AWK (American Water Works) | CORZ (Core Scientific, Inc.) | |
|---|---|---|
| 1-year return | -3.0% | +24.1% |
| 5-year return | -16.6% | n/a |
| Volatility (ann.) | 20.7% | 89.6% |
| Beta vs S&P 500 | -0.11 | 2.71 |
| Max drawdown (3Y) | -18.8% | -64.9% |
| Market cap | $27.2B | $5.7B |
| P/E (trailing) | 23.7 | – |
| Dividend yield | 2.46% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AWK | CORZ |
|---|---|---|
| 2022 | -17.9% | – |
| 2023 | -11.7% | – |
| 2024 | -3.5% | – |
| 2025 | +7.4% | +3.6% |
| 2026 | +6.9% | +21.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWK and CORZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between AWK and CORZ?
The AWK/CORZ correlation stands at -0.27 on a 3-year window (1 year: -0.27, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CORZ a good diversifier for AWK?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/awk-vs-corz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awk-vs-corz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AWK correlations · CORZ correlations
