KF vs SKM: Correlation
How closely do Korea Fund, Inc. (The) New (KF) and SK Telecom Co., Ltd. (SKM) 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 KF and SKM?
Across a 3-year window, the weekly returns of KF and SKM correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 431.1 %².
Among the 17 assets we track against KF, SKM ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KF outperformed by 64.3 percentage points (+144.4% for KF against +80.1% for SKM).
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.
KF vs SKM: side by side
| KF (Korea Fund, Inc. (The) New) | SKM (SK Telecom Co., Ltd.) | |
|---|---|---|
| 1-year return | +144.4% | +80.1% |
| 5-year return | +138.0% | +83.7% |
| Volatility (ann.) | 33.8% | 31.3% |
| Beta vs S&P 500 | 1.18 | 0.32 |
| Max drawdown (3Y) | -35.2% | -35.6% |
| Market cap | $0.3B | $15.2B |
| P/E (trailing) | 2.9 | 29.0 |
| Dividend yield | 2.17% | 4170.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KF | SKM |
|---|---|---|
| 2022 | -30.0% | -17.8% |
| 2023 | +12.3% | +11.6% |
| 2024 | -19.3% | +2.9% |
| 2025 | +104.8% | +1.0% |
| 2026 | +78.6% | +92.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KF and SKM good diversifiers for each other?
Reasonably. At 0.41, KF and SKM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KF and SKM?
The KF/SKM correlation stands at 0.41 on a 3-year window (1 year: 0.38, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is SKM a good diversifier for KF?
Reasonably. At 0.41, KF and SKM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/kf-vs-skm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kf-vs-skm/)
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Related comparisons
Hubs: KF correlations · SKM correlations
