ADI vs DIOD: Correlation
How closely do Analog Devices (ADI) and Diodes Incorporated (DIOD) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and DIOD?
Over the past 3 years, ADI and DIOD moved with a correlation of 0.71, which is strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 1172.1 %².
By 3-year correlation, DIOD places #8 of the 51 assets tracked against ADI. The trailing year gives DIOD the advantage: +48.6% versus +61.7%, a 13.1-point spread. Risk is not evenly split, since DIOD carries 1.5 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 DIOD: side by side
| ADI (Analog Devices) | DIOD (Diodes Incorporated) | |
|---|---|---|
| 1-year return | +48.6% | +61.7% |
| 5-year return | +143.1% | -7.4% |
| Volatility (ann.) | 32.6% | 50.3% |
| Beta vs S&P 500 | 1.56 | 1.84 |
| Max drawdown (3Y) | -32.2% | -60.1% |
| Market cap | $181.5B | $4.2B |
| P/E (trailing) | 44.6 | 48.6 |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ADI | DIOD |
|---|---|---|
| 2022 | -4.9% | -30.7% |
| 2023 | +23.4% | +5.8% |
| 2024 | +8.8% | -23.4% |
| 2025 | +29.8% | -20.0% |
| 2026 | +38.9% | +84.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and DIOD good diversifiers for each other?
Only partially. A correlation of 0.71 means ADI and DIOD 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 DIOD?
The ADI/DIOD correlation stands at 0.71 on a 3-year window (1 year: 0.70, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is DIOD a good diversifier for ADI?
Only partially. A correlation of 0.71 means ADI and DIOD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 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/adi-vs-diod.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adi-vs-diod/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADI correlations · DIOD correlations
