CDW vs QRVO: Correlation
Measured on weekly returns over the past three years, CDW Corporation (CDW) and Qorvo, Inc. (QRVO) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDW and QRVO?
Across a 3-year window, the weekly returns of CDW and QRVO correlate at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.50). Stretching to 5 years gives 0.49, with an annualized covariance of 700.7 %².
QRVO is one of the assets that tracks CDW most closely: it ranks #3 out of the 40 assets we track against CDW. Over the last 12 months QRVO came out ahead by 12.6 percentage points (-8.0% against +4.6%).
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.
CDW vs QRVO: side by side
| CDW (CDW Corporation) | QRVO (Qorvo, Inc.) | |
|---|---|---|
| 1-year return | -8.0% | +4.6% |
| 5-year return | -20.5% | -49.6% |
| Volatility (ann.) | 34.2% | 41.4% |
| Beta vs S&P 500 | 1.01 | 1.53 |
| Max drawdown (3Y) | -60.4% | -60.7% |
| Market cap | $18.6B | $8.5B |
| P/E (trailing) | 17.0 | 22.1 |
| Dividend yield | 1.78% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CDW | QRVO |
|---|---|---|
| 2022 | -11.7% | -42.0% |
| 2023 | +28.8% | +24.2% |
| 2024 | -22.6% | -37.9% |
| 2025 | -20.6% | +20.8% |
| 2026 | +11.1% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDW and QRVO good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CDW and QRVO?
As of 2026-08-27, the correlation of weekly returns between CDW and QRVO is 0.50 over 3 years, 0.33 over 1 year and 0.49 over 5 years.
Is QRVO a good diversifier for CDW?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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/cdw-vs-qrvo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdw-vs-qrvo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDW correlations · QRVO correlations
