SKM vs WK: Correlation
SK Telecom Co., Ltd. (SKM) and Workiva Inc. (WK) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SKM and WK?
Over the past 3 years, SKM and WK moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.46) runs below the 3-year figure (-0.26). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -324.3 %².
Among the 26 assets we track against SKM, WK sits near the bottom by co-movement, at rank #22. Correlation aside, the last 12 months split them widely, with SKM ahead by 83.5 points (+80.1% versus -3.4%).
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 WK: side by side
| SKM (SK Telecom Co., Ltd.) | WK (Workiva Inc.) | |
|---|---|---|
| 1-year return | +80.1% | -3.4% |
| 5-year return | +83.7% | -46.1% |
| Volatility (ann.) | 31.3% | 40.0% |
| Beta vs S&P 500 | 0.32 | 0.72 |
| Max drawdown (3Y) | -35.6% | -61.4% |
| Market cap | $15.2B | $4.2B |
| P/E (trailing) | 29.0 | 92.4 |
| Dividend yield | 4170.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SKM | WK |
|---|---|---|
| 2022 | -17.8% | -35.7% |
| 2023 | +11.6% | +20.9% |
| 2024 | +2.9% | +7.8% |
| 2025 | +1.0% | -21.2% |
| 2026 | +92.3% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SKM and WK good diversifiers for each other?
Yes. With a correlation of -0.26, SKM and WK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SKM and WK?
The SKM/WK correlation stands at -0.26 on a 3-year window (1 year: -0.46, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is WK a good diversifier for SKM?
Yes. With a correlation of -0.26, SKM and WK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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
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Related comparisons
Hubs: SKM correlations · WK correlations
