AWR vs IBKR: Correlation
Measured on weekly returns over the past three years, American States Water Company (AWR) and Interactive Brokers (IBKR) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWR and IBKR?
Over the past 3 years, AWR and IBKR moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.21). Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -151.0 %².
Within AWR's tracked universe of 16 assets, IBKR comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IBKR outperformed by 35.5 percentage points (+21.5% for AWR against +57.0% for IBKR). Note the risk asymmetry: IBKR runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AWR vs IBKR: side by side
| AWR (American States Water Company) | IBKR (Interactive Brokers) | |
|---|---|---|
| 1-year return | +21.5% | +57.0% |
| 5-year return | +7.6% | +516.0% |
| Volatility (ann.) | 20.8% | 33.9% |
| Beta vs S&P 500 | 0.04 | 1.37 |
| Max drawdown (3Y) | -21.9% | -38.7% |
| Market cap | $3.5B | $164.5B |
| P/E (trailing) | 24.3 | 38.5 |
| Dividend yield | 2.24% | 0.34% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AWR | IBKR |
|---|---|---|
| 2022 | -8.9% | -8.4% |
| 2023 | -11.4% | +15.1% |
| 2024 | -1.2% | +114.4% |
| 2025 | -4.3% | +46.4% |
| 2026 | +25.1% | +50.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWR and IBKR good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AWR and IBKR?
As of 2026-08-27, the correlation of weekly returns between AWR and IBKR is -0.21 over 3 years, -0.35 over 1 year and -0.04 over 5 years.
Is IBKR a good diversifier for AWR?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: AWR correlations · IBKR correlations
