AWK vs CSCO: Correlation
How closely do American Water Works (AWK) and Cisco (CSCO) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWK and CSCO?
Across a 3-year window, the weekly returns of AWK and CSCO correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.20). Stretching to 5 years gives 0.06, with an annualized covariance of -110.3 %².
By 3-year correlation, CSCO places #25 of the 49 assets tracked against AWK. Correlation aside, the last 12 months split them widely, with CSCO ahead by 70.3 points (-3.0% versus +67.3%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.41 and 0.46 over the past three years, so this pair behaves very differently depending on the market environment.
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 CSCO: side by side
| AWK (American Water Works) | CSCO (Cisco) | |
|---|---|---|
| 1-year return | -3.0% | +67.3% |
| 5-year return | -16.6% | +118.1% |
| Volatility (ann.) | 20.7% | 26.4% |
| Beta vs S&P 500 | -0.11 | 0.84 |
| Max drawdown (3Y) | -18.8% | -20.2% |
| Market cap | $27.2B | $442.0B |
| P/E (trailing) | 23.7 | 33.8 |
| Dividend yield | 2.46% | 1.48% |
| Sector / category | Utilities | Information Technology |
Year-by-year returns
| Year | AWK | CSCO |
|---|---|---|
| 2022 | -17.9% | -22.5% |
| 2023 | -11.7% | +9.3% |
| 2024 | -3.5% | +21.0% |
| 2025 | +7.4% | +33.5% |
| 2026 | +6.9% | +47.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWK and CSCO good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between AWK and CSCO?
As of 2026-08-27, the correlation of weekly returns between AWK and CSCO is -0.20 over 3 years, -0.39 over 1 year and 0.06 over 5 years.
Is CSCO a good diversifier for AWK?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/awk-vs-csco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awk-vs-csco/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AWK correlations · CSCO correlations
