ADI vs AOSL: Correlation
How closely do Analog Devices (ADI) and Alpha and Omega Semiconductor Limited (AOSL) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and AOSL?
Over the past 3 years, ADI and AOSL moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1293.4 %².
Within ADI's tracked universe of 51 assets, AOSL comes in at #30 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADI outperformed by 60.0 percentage points (+48.6% for ADI against -11.4% for AOSL). Risk is not evenly split, since AOSL carries 2.1 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.
ADI vs AOSL: side by side
| ADI (Analog Devices) | AOSL (Alpha and Omega Semiconductor Limited) | |
|---|---|---|
| 1-year return | +48.6% | -11.4% |
| 5-year return | +143.1% | -9.2% |
| Volatility (ann.) | 32.6% | 69.3% |
| Beta vs S&P 500 | 1.56 | 2.34 |
| Max drawdown (3Y) | -32.2% | -66.9% |
| Market cap | $181.5B | $0.8B |
| P/E (trailing) | 44.6 | – |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADI | AOSL |
|---|---|---|
| 2022 | -4.9% | -52.8% |
| 2023 | +23.4% | -8.8% |
| 2024 | +8.8% | +42.1% |
| 2025 | +29.8% | -46.5% |
| 2026 | +38.9% | +32.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and AOSL good diversifiers for each other?
Only partially. A correlation of 0.57 means ADI and AOSL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ADI and AOSL?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.57 over the last year and 0.57 over 5 years.
Is AOSL a good diversifier for ADI?
Only partially. A correlation of 0.57 means ADI and AOSL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 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/adi-vs-aosl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adi-vs-aosl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADI correlations · AOSL correlations
