AXTA vs IDCC: Correlation
How closely do Axalta Coating Systems Ltd. (AXTA) and InterDigital, Inc. (IDCC) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXTA and IDCC?
On 3 years of weekly data the AXTA/IDCC correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 475.6 %².
Within AXTA's tracked universe of 17 assets, IDCC comes in at #11 by 3-year correlation. On 12-month performance IDCC holds a 8.6-point edge, +16.6% against +25.2%.
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.
AXTA vs IDCC: side by side
| AXTA (Axalta Coating Systems Ltd.) | IDCC (InterDigital, Inc.) | |
|---|---|---|
| 1-year return | +16.6% | +25.2% |
| 5-year return | +18.4% | +406.1% |
| Volatility (ann.) | 29.8% | 38.9% |
| Beta vs S&P 500 | 1.01 | 0.92 |
| Max drawdown (3Y) | -38.4% | -36.5% |
| Market cap | $7.9B | $8.6B |
| P/E (trailing) | 22.5 | 39.4 |
| Dividend yield | 0.00% | 0.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AXTA | IDCC |
|---|---|---|
| 2022 | -23.1% | -29.3% |
| 2023 | +33.4% | +123.7% |
| 2024 | +0.7% | +81.1% |
| 2025 | -5.6% | +66.0% |
| 2026 | +13.6% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXTA and IDCC good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AXTA and IDCC?
As of 2026-08-27, the correlation of weekly returns between AXTA and IDCC is 0.41 over 3 years, 0.41 over 1 year and 0.42 over 5 years.
Is IDCC a good diversifier for AXTA?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/axta-vs-idcc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axta-vs-idcc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AXTA correlations · IDCC correlations
