AWK vs VIK: Correlation
Measured on weekly returns over the past three years, American Water Works (AWK) and Viking Holdings Ltd (VIK) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWK and VIK?
Over the past 3 years, AWK and VIK moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -172.9 %².
Out of 49 assets tracked against AWK, VIK lands near the bottom at #47. Their recent paths diverged sharply: over the last 12 months VIK outperformed by 45.7 percentage points (-3.0% for AWK against +42.7% for VIK). Risk is not evenly split, since VIK carries 1.6 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 VIK: side by side
| AWK (American Water Works) | VIK (Viking Holdings Ltd) | |
|---|---|---|
| 1-year return | -3.0% | +42.7% |
| 5-year return | -16.6% | n/a |
| Volatility (ann.) | 20.7% | 33.6% |
| Beta vs S&P 500 | -0.11 | 1.31 |
| Max drawdown (3Y) | -18.8% | -35.4% |
| Market cap | $27.2B | $40.1B |
| P/E (trailing) | 23.7 | 30.0 |
| Dividend yield | 2.46% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AWK | VIK |
|---|---|---|
| 2022 | -17.9% | – |
| 2023 | -11.7% | – |
| 2024 | -3.5% | – |
| 2025 | +7.4% | +62.1% |
| 2026 | +6.9% | +25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWK and VIK good diversifiers for each other?
Yes. With a correlation of -0.27, AWK and VIK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AWK and VIK?
As of 2026-08-27, the correlation of weekly returns between AWK and VIK is -0.27 over 3 years, -0.25 over 1 year and n/a over 5 years.
Is VIK a good diversifier for AWK?
Yes. With a correlation of -0.27, AWK and VIK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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-vik.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/awk-vs-vik/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AWK correlations · VIK correlations
