PairBook
Home › AWK › AWK vs MRVL

AWK vs MRVL: Correlation

Measured on weekly returns over the past three years, American Water Works (AWK) and Marvell Technology (MRVL) carry a correlation of -0.21, a negative link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
-0.21
negative
Correlation (1Y)
-0.28
last 12 months
Correlation (5Y)
0.01
long-run
Ann. covariance
-245.4
%² · weekly, annualized

How correlated are AWK and MRVL?

Across a 3-year window, the weekly returns of AWK and MRVL correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.21 over 3. Stretching to 5 years gives 0.01, with an annualized covariance of -245.4 %².

By 3-year correlation, MRVL places #29 of the 49 assets tracked against AWK. Their recent paths diverged sharply: over the last 12 months MRVL outperformed by 226.5 percentage points (-3.0% for AWK against +223.5% for MRVL). The relationship is regime-dependent: the rolling one-year correlation swung between -0.54 and 0.22 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since MRVL carries 2.8 times the volatility of the other side.

+1.0+0.50-0.5-1.020232026-08-27
How the one-year correlation itself moved over the past three years.
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 MRVL: side by side

AWK (American Water Works)MRVL (Marvell Technology)
1-year return-3.0%+223.5%
5-year return-16.6%+297.0%
Volatility (ann.)20.7%57.8%
Beta vs S&P 500-0.112.19
Max drawdown (3Y)-18.8%-60.8%
Market cap$27.2B$217.0B
P/E (trailing)23.782.7
Dividend yield2.46%0.10%
Sector / categoryUtilitiesInformation Technology
Lower P/E: AWK 23.7 vs 82.7Higher yield: AWK 2.46% vs 0.10%Smaller drawdown: AWK -18.8% vs -60.8%Higher 5y return: MRVL +297.0% vs -16.6%
-13%0%+391%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). ■ AWK · ■ MRVL

Year-by-year returns

YearAWKMRVL
2022-17.9%-57.5%
2023-11.7%+63.7%
2024-3.5%+83.8%
2025+7.4%-22.8%
2026+6.9%+184.5%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are AWK and MRVL good diversifiers for each other?

Yes. With a correlation of -0.21, AWK and MRVL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.

FAQ

What is the correlation between AWK and MRVL?

The AWK/MRVL correlation stands at -0.21 on a 3-year window (1 year: -0.28, 5 years: 0.01), computed from weekly returns as of 2026-08-27.

Is MRVL a good diversifier for AWK?

Yes. With a correlation of -0.21, AWK and MRVL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.

What does a correlation of -0.21 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

JSON API · no key required
$ curl https://www.pairbook.io/api/v1/pairs/awk-vs-mrvl.json

AWK vs MRVL: 3-year weekly correlation -0.21AWK vs MRVL-0.21

Embed this badge (it refreshes with the data), with attribution:

[![AWK vs MRVL correlation](https://www.pairbook.io/api/v1/badge/awk-vs-mrvl.svg)](https://www.pairbook.io/pair/awk-vs-mrvl/)

The core API is free. Terms and every endpoint in the API documentation.

Related comparisons

AWK vs WTRG 0.86 AWK vs AWR 0.78 AWK vs CWT 0.76 AWK vs MSEX 0.69 AWK vs HTO 0.69 AWK vs YORW 0.68 ALAB vs AWK -0.30 AWK vs IBKR -0.28

Hubs: AWK correlations · MRVL correlations