KE vs SCSC: Correlation
Measured on weekly returns over the past three years, Kimball Electronics, Inc. (KE) and ScanSource, Inc. (SCSC) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KE and SCSC?
On 3 years of weekly data the KE/SCSC correlation comes out at 0.60, strong. Lately the two have drifted apart, with the 1-year correlation at 0.49 versus 0.60 over 3 years. The 5-year figure is 0.56, and annualized covariance runs at 894.6 %².
In KE's tracked universe of 18 assets, SCSC sits right near the top at #1. The last year tells two different stories: SCSC led by 45.0 percentage points, -15.0% for KE against +30.0% for SCSC.
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.
KE vs SCSC: side by side
| KE (Kimball Electronics, Inc.) | SCSC (ScanSource, Inc.) | |
|---|---|---|
| 1-year return | -15.0% | +30.0% |
| 5-year return | +0.6% | +60.7% |
| Volatility (ann.) | 42.0% | 35.5% |
| Beta vs S&P 500 | 1.22 | 1.21 |
| Max drawdown (3Y) | -58.5% | -44.2% |
| Market cap | $0.6B | $1.2B |
| P/E (trailing) | 21.3 | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KE | SCSC |
|---|---|---|
| 2022 | +3.8% | -16.7% |
| 2023 | +19.3% | +35.6% |
| 2024 | -30.5% | +19.8% |
| 2025 | +48.5% | -17.7% |
| 2026 | -13.4% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KE and SCSC good diversifiers for each other?
Only partially. A correlation of 0.60 means KE and SCSC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between KE and SCSC?
As of 2026-08-27, the correlation of weekly returns between KE and SCSC is 0.60 over 3 years, 0.49 over 1 year and 0.56 over 5 years.
Is SCSC a good diversifier for KE?
Only partially. A correlation of 0.60 means KE and SCSC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ke-vs-scsc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ke-vs-scsc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KE correlations · SCSC correlations
