ADI vs NXPI: Correlation
Analog Devices (ADI) and NXP Semiconductors (NXPI) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and NXPI?
Over the past 3 years, ADI and NXPI moved with a correlation of 0.72, which is strong. The link has loosened recently: the 1-year correlation (0.57) runs below the 3-year figure (0.72). Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 934.4 %².
By 3-year correlation, NXPI places #5 of the 51 assets tracked against ADI. Correlation aside, the last 12 months split them widely, with ADI ahead by 51.9 points (+48.6% versus -3.3%). The rolling one-year correlation moved between 0.51 and 0.88 over the past three years, a moderate range.
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 NXPI: side by side
| ADI (Analog Devices) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | +48.6% | -3.3% |
| 5-year return | +143.1% | +8.6% |
| Volatility (ann.) | 32.6% | 39.9% |
| Beta vs S&P 500 | 1.56 | 1.53 |
| Max drawdown (3Y) | -32.2% | -46.5% |
| Market cap | $181.5B | $57.0B |
| P/E (trailing) | 44.6 | 19.3 |
| Dividend yield | 1.15% | 1.82% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADI | NXPI |
|---|---|---|
| 2022 | -4.9% | -29.2% |
| 2023 | +23.4% | +48.4% |
| 2024 | +8.8% | -8.0% |
| 2025 | +29.8% | +6.4% |
| 2026 | +38.9% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and NXPI good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADI and NXPI?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.57 over the last year and 0.74 over 5 years.
Is NXPI a good diversifier for ADI?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
A reading of 0.72 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-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adi-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADI correlations · NXPI correlations
