ADI vs QCOM: Correlation
Measured on weekly returns over the past three years, Analog Devices (ADI) and Qualcomm (QCOM) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and QCOM?
Over the past 3 years, ADI and QCOM moved with a correlation of 0.56, which is moderate. The link has loosened recently: the 1-year correlation (0.45) runs below the 3-year figure (0.56). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 776.2 %².
Among the 51 assets we track against ADI, QCOM ranks #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ADI outperformed by 43.3 percentage points (+48.6% for ADI against +5.3% for QCOM). The relationship is regime-dependent: the rolling one-year correlation swung between 0.28 and 0.78 over the past three years, so this pair behaves very differently depending on the market environment.
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 QCOM: side by side
| ADI (Analog Devices) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | +48.6% | +5.3% |
| 5-year return | +143.1% | +25.8% |
| Volatility (ann.) | 32.6% | 42.4% |
| Beta vs S&P 500 | 1.56 | 1.77 |
| Max drawdown (3Y) | -32.2% | -44.2% |
| Market cap | $181.5B | $176.0B |
| P/E (trailing) | 44.6 | 18.9 |
| Dividend yield | 1.15% | 2.19% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADI | QCOM |
|---|---|---|
| 2022 | -4.9% | -38.6% |
| 2023 | +23.4% | +35.1% |
| 2024 | +8.8% | +8.3% |
| 2025 | +29.8% | +13.8% |
| 2026 | +38.9% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and QCOM good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ADI and QCOM?
The ADI/QCOM correlation stands at 0.56 on a 3-year window (1 year: 0.45, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is QCOM a good diversifier for ADI?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adi-vs-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adi-vs-qcom/)
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Related comparisons
Hubs: ADI correlations · QCOM correlations
