ADI vs SOXX: Correlation
How closely do Analog Devices (ADI) and iShares Semiconductor ETF (SOXX) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and SOXX?
On 3 years of weekly data the ADI/SOXX correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 913.5 %².
SOXX is one of the assets that tracks ADI most closely: it ranks #2 out of the 51 assets we track against ADI. Their recent paths diverged sharply: over the last 12 months SOXX outperformed by 61.4 percentage points (+48.6% for ADI against +110.0% for SOXX). On a rolling one-year basis the correlation drifted between 0.56 and 0.87, a moderate band.
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 SOXX: side by side
| ADI (Analog Devices) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +48.6% | +110.0% |
| 5-year return | +143.1% | +247.5% |
| Volatility (ann.) | 32.6% | 35.2% |
| Beta vs S&P 500 | 1.56 | 1.93 |
| Max drawdown (3Y) | -32.2% | -41.4% |
| Market cap | $181.5B | – |
| P/E (trailing) | 44.6 | – |
| Dividend yield | 1.15% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | Information Technology | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | ADI | SOXX |
|---|---|---|
| 2022 | -4.9% | -35.1% |
| 2023 | +23.4% | +67.1% |
| 2024 | +8.8% | +12.9% |
| 2025 | +29.8% | +40.7% |
| 2026 | +38.9% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SOXX holds ADI at a 4.01% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are ADI and SOXX good diversifiers for each other?
No. With a correlation of 0.80, ADI and SOXX move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ADI and SOXX?
The ADI/SOXX correlation stands at 0.80 on a 3-year window (1 year: 0.74, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is SOXX a good diversifier for ADI?
No. With a correlation of 0.80, ADI and SOXX move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
A reading of 0.80 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-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adi-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADI correlations · SOXX correlations
