AWR vs YORW: Correlation
Measured on weekly returns over the past three years, American States Water Company (AWR) and The York Water Company (YORW) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWR and YORW?
Across a 3-year window, the weekly returns of AWR and YORW correlate at 0.80, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 339.5 %².
Among the 16 assets we track against AWR, YORW ranks #4 by 3-year correlation. On 12-month performance AWR holds a 10.6-point edge, +21.5% against +10.9%.
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 YORW: side by side
| AWR (American States Water Company) | YORW (The York Water Company) | |
|---|---|---|
| 1-year return | +21.5% | +10.9% |
| 5-year return | +7.6% | -26.0% |
| Volatility (ann.) | 20.8% | 20.5% |
| Beta vs S&P 500 | 0.04 | 0.18 |
| Max drawdown (3Y) | -21.9% | -26.4% |
| Market cap | $3.5B | $0.5B |
| P/E (trailing) | 24.3 | 21.2 |
| Dividend yield | 2.24% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWR | YORW |
|---|---|---|
| 2022 | -8.9% | -7.9% |
| 2023 | -11.4% | -12.4% |
| 2024 | -1.2% | -13.2% |
| 2025 | -4.3% | +0.1% |
| 2026 | +25.1% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWR and YORW good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AWR and YORW?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.77 over the last year and 0.71 over 5 years.
Is YORW a good diversifier for AWR?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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 · YORW correlations
