SKM vs TYL: Correlation
How closely do SK Telecom Co., Ltd. (SKM) and Tyler Technologies (TYL) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKM and TYL?
On 3 years of weekly data the SKM/TYL correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.20 over 3 years. The 5-year figure is -0.05, and annualized covariance runs at -187.3 %².
Within SKM's tracked universe of 26 assets, TYL comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SKM outperformed by 114.1 percentage points (+80.1% for SKM against -34.0% for TYL).
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 TYL: side by side
| SKM (SK Telecom Co., Ltd.) | TYL (Tyler Technologies) | |
|---|---|---|
| 1-year return | +80.1% | -34.0% |
| 5-year return | +83.7% | -22.5% |
| Volatility (ann.) | 31.3% | 29.6% |
| Beta vs S&P 500 | 0.32 | 0.61 |
| Max drawdown (3Y) | -35.6% | -57.4% |
| Market cap | $15.2B | $15.1B |
| P/E (trailing) | 29.0 | 46.3 |
| Dividend yield | 4170.85% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | SKM | TYL |
|---|---|---|
| 2022 | -17.8% | -40.1% |
| 2023 | +11.6% | +29.7% |
| 2024 | +2.9% | +37.9% |
| 2025 | +1.0% | -21.3% |
| 2026 | +92.3% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKM and TYL good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SKM and TYL?
The SKM/TYL correlation stands at -0.20 on a 3-year window (1 year: -0.45, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is TYL a good diversifier for SKM?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/skm-vs-tyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/skm-vs-tyl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SKM correlations · TYL correlations
