KEYS vs WMT: Correlation
Keysight Technologies (KEYS) and Walmart (WMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and WMT?
Across a 3-year window, the weekly returns of KEYS and WMT correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 314.7 %².
Among the 43 assets we track against KEYS, WMT ranks #32 by 3-year correlation. The last year tells two different stories: KEYS led by 89.7 percentage points, +97.4% for KEYS against +7.7% for WMT. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.06 to 0.57. Note the risk asymmetry: KEYS runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KEYS vs WMT: side by side
| KEYS (Keysight Technologies) | WMT (Walmart) | |
|---|---|---|
| 1-year return | +97.4% | +7.7% |
| 5-year return | +81.9% | +121.9% |
| Volatility (ann.) | 36.8% | 23.0% |
| Beta vs S&P 500 | 1.58 | 0.53 |
| Max drawdown (3Y) | -31.4% | -23.3% |
| Market cap | $55.5B | $816.7B |
| P/E (trailing) | 43.5 | 37.1 |
| Dividend yield | 0.00% | 0.92% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | KEYS | WMT |
|---|---|---|
| 2022 | -17.2% | -0.5% |
| 2023 | -7.0% | +12.9% |
| 2024 | +1.0% | +74.0% |
| 2025 | +26.5% | +24.5% |
| 2026 | +60.4% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and WMT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KEYS and WMT?
As of 2026-08-27, the correlation of weekly returns between KEYS and WMT is 0.37 over 3 years, 0.40 over 1 year and 0.33 over 5 years.
Is WMT a good diversifier for KEYS?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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.
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Related comparisons
Hubs: KEYS correlations · WMT correlations
