SKM vs TCX: Correlation
SK Telecom Co., Ltd. (SKM) and Tucows Inc. (TCX) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKM and TCX?
Across a 3-year window, the weekly returns of SKM and TCX correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.49) than the 3-year average (-0.25). Stretching to 5 years gives -0.13, with an annualized covariance of -568.3 %².
Within SKM's tracked universe of 26 assets, TCX comes in at #19 by 3-year correlation. The last year tells two different stories: SKM led by 127.4 percentage points, +80.1% for SKM against -47.3% for TCX. Risk is not evenly split, since TCX carries 2.3 times the volatility of the other side.
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.
SKM vs TCX: side by side
| SKM (SK Telecom Co., Ltd.) | TCX (Tucows Inc.) | |
|---|---|---|
| 1-year return | +80.1% | -47.3% |
| 5-year return | +83.7% | -86.5% |
| Volatility (ann.) | 31.3% | 72.4% |
| Beta vs S&P 500 | 0.32 | 1.23 |
| Max drawdown (3Y) | -35.6% | -69.3% |
| Market cap | $15.2B | $0.1B |
| P/E (trailing) | 29.0 | – |
| Dividend yield | 4170.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SKM | TCX |
|---|---|---|
| 2022 | -17.8% | -59.5% |
| 2023 | +11.6% | -20.4% |
| 2024 | +2.9% | -36.5% |
| 2025 | +1.0% | +30.8% |
| 2026 | +92.3% | -55.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKM and TCX good diversifiers for each other?
Yes. With a correlation of -0.25, SKM and TCX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SKM and TCX?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.49 over the last year and -0.13 over 5 years.
Is TCX a good diversifier for SKM?
Yes. With a correlation of -0.25, SKM and TCX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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/skm-vs-tcx.json
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Related comparisons
Hubs: SKM correlations · TCX correlations
