AAPL vs SWKS: Correlation
How closely do Apple Inc. (AAPL) and Skyworks Solutions (SWKS) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and SWKS?
Across a 3-year window, the weekly returns of AAPL and SWKS correlate at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.39 over 3 years. Stretching to 5 years gives 0.49, with an annualized covariance of 428.8 %².
Within AAPL's tracked universe of 32 assets, SWKS comes in at #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AAPL outperformed by 45.7 percentage points (+37.0% for AAPL against -8.7% for SWKS). Across three years, the rolling one-year figure varied moderately, from 0.25 to 0.63.
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.
AAPL vs SWKS: side by side
| AAPL (Apple Inc.) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +37.0% | -8.7% |
| 5-year return | +110.6% | -58.3% |
| Volatility (ann.) | 27.2% | 40.0% |
| Beta vs S&P 500 | 1.06 | 1.43 |
| Max drawdown (3Y) | -33.4% | -58.2% |
| Market cap | $4,591.0B | $10.1B |
| P/E (trailing) | 36.1 | 34.9 |
| Dividend yield | 0.33% | 4.26% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AAPL | SWKS |
|---|---|---|
| 2022 | -26.4% | -39.9% |
| 2023 | +49.0% | +26.5% |
| 2024 | +30.7% | -18.9% |
| 2025 | +9.1% | -25.5% |
| 2026 | +16.0% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAPL and SWKS good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AAPL and SWKS?
The AAPL/SWKS correlation stands at 0.39 on a 3-year window (1 year: 0.26, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is SWKS a good diversifier for AAPL?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
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Related comparisons
Hubs: AAPL correlations · SWKS correlations
