KVHI vs TSEM: Correlation
KVH Industries, Inc. (KVHI) and Tower Semiconductor Ltd. (TSEM) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KVHI and TSEM?
Over the past 3 years, KVHI and TSEM moved with a correlation of 0.35, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.35 over 3. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 764.0 %².
In KVHI's tracked universe of 19 assets, TSEM sits right near the top at #1. The last year tells two different stories: TSEM led by 232.7 percentage points, +39.9% for KVHI against +272.6% for TSEM.
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.
KVHI vs TSEM: side by side
| KVHI (KVH Industries, Inc.) | TSEM (Tower Semiconductor Ltd.) | |
|---|---|---|
| 1-year return | +39.9% | +272.6% |
| 5-year return | -25.9% | +648.0% |
| Volatility (ann.) | 41.7% | 52.1% |
| Beta vs S&P 500 | 0.20 | 1.55 |
| Max drawdown (3Y) | -35.9% | -45.8% |
| Market cap | $0.1B | $24.8B |
| P/E (trailing) | – | 87.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KVHI | TSEM |
|---|---|---|
| 2022 | +11.2% | +8.9% |
| 2023 | -48.5% | -29.4% |
| 2024 | +8.4% | +68.8% |
| 2025 | +22.3% | +128.0% |
| 2026 | +10.8% | +87.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KVHI and TSEM good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KVHI and TSEM?
As of 2026-08-27, the correlation of weekly returns between KVHI and TSEM is 0.35 over 3 years, 0.43 over 1 year and 0.31 over 5 years.
Is TSEM a good diversifier for KVHI?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/kvhi-vs-tsem.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kvhi-vs-tsem/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KVHI correlations · TSEM correlations
