PairBook
Home › AWK › AWK vs STX

AWK vs STX: Correlation

Measured on weekly returns over the past three years, American Water Works (AWK) and Seagate Technology (STX) carry a correlation of -0.19, a negative link.

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

Correlation (3Y)
-0.19
negative
Correlation (1Y)
-0.44
last 12 months
Correlation (5Y)
-0.00
long-run
Ann. covariance
-197.9
%² · weekly, annualized

How correlated are AWK and STX?

On 3 years of weekly data the AWK/STX correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.19). The 5-year figure is -0.00, and annualized covariance runs at -197.9 %².

Within AWK's tracked universe of 49 assets, STX comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STX ahead by 413.8 points (-3.0% versus +410.8%). This link changes with the market regime, having swung between -0.49 and 0.27 on a rolling one-year basis. One caveat on sizing: STX is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.

+1.0+0.50-0.5-1.020232026-08-27
Rolling one-year correlation of weekly returns 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 STX: side by side

AWK (American Water Works)STX (Seagate Technology)
1-year return-3.0%+410.8%
5-year return-16.6%+1032.5%
Volatility (ann.)20.7%51.3%
Beta vs S&P 500-0.111.97
Max drawdown (3Y)-18.8%-40.0%
Market cap$27.2B$192.0B
P/E (trailing)23.761.0
Dividend yield2.46%0.35%
Sector / categoryUtilitiesInformation Technology
Lower P/E: AWK 23.7 vs 61.0Higher yield: AWK 2.46% vs 0.35%Smaller drawdown: AWK -18.8% vs -40.0%Higher 5y return: STX +1032.5% vs -16.6%
-13%0%+473%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). ■ AWK · ■ STX

Year-by-year returns

YearAWKSTX
2022-17.9%-51.4%
2023-11.7%+69.1%
2024-3.5%+4.1%
2025+7.4%+225.3%
2026+6.9%+208.4%

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

Are AWK and STX good diversifiers for each other?

Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.

FAQ

What is the correlation between AWK and STX?

The AWK/STX correlation stands at -0.19 on a 3-year window (1 year: -0.44, 5 years: -0.00), computed from weekly returns as of 2026-08-27.

Is STX a good diversifier for AWK?

Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.

What does a correlation of -0.19 mean?

A reading of -0.19 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

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

AWK vs STX: 3-year weekly correlation -0.19AWK vs STX-0.19

Drop this badge in a README or notebook; it updates with the data:

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

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 · STX correlations