AXON vs SKM: Correlation
Axon Enterprise (AXON) and SK Telecom Co., Ltd. (SKM) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXON and SKM?
On 3 years of weekly data the AXON/SKM correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. The 5-year figure is -0.03, and annualized covariance runs at -324.4 %².
Within AXON's tracked universe of 35 assets, SKM comes in at #27 by 3-year correlation. The last year tells two different stories: SKM led by 100.7 percentage points, -20.6% for AXON against +80.1% for SKM. Risk is not evenly split, since AXON carries 1.8 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.
AXON vs SKM: side by side
| AXON (Axon Enterprise) | SKM (SK Telecom Co., Ltd.) | |
|---|---|---|
| 1-year return | -20.6% | +80.1% |
| 5-year return | +216.9% | +83.7% |
| Volatility (ann.) | 57.4% | 31.3% |
| Beta vs S&P 500 | 1.51 | 0.32 |
| Max drawdown (3Y) | -60.3% | -35.6% |
| Market cap | $49.7B | $15.2B |
| P/E (trailing) | 250.5 | 29.0 |
| Dividend yield | 0.00% | 4170.85% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AXON | SKM |
|---|---|---|
| 2022 | +5.7% | -17.8% |
| 2023 | +55.7% | +11.6% |
| 2024 | +130.1% | +2.9% |
| 2025 | -4.4% | +1.0% |
| 2026 | +7.6% | +92.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXON and SKM good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between AXON and SKM?
As of 2026-08-27, the correlation of weekly returns between AXON and SKM is -0.18 over 3 years, -0.27 over 1 year and -0.03 over 5 years.
Is SKM a good diversifier for AXON?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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
$ curl https://www.pairbook.io/api/v1/pairs/axon-vs-skm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axon-vs-skm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AXON correlations · SKM correlations
