ADI vs SWKS: Correlation
Analog Devices (ADI) and Skyworks Solutions (SWKS) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and SWKS?
Across a 3-year window, the weekly returns of ADI and SWKS correlate at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.54 over 3 years. Stretching to 5 years gives 0.58, with an annualized covariance of 700.9 %².
Among the 51 assets we track against ADI, SWKS ranks #33 by 3-year correlation. The last year tells two different stories: ADI led by 57.3 percentage points, +48.6% for ADI against -8.7% for SWKS. On a rolling one-year basis the correlation drifted between 0.31 and 0.71, 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 SWKS: side by side
| ADI (Analog Devices) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +48.6% | -8.7% |
| 5-year return | +143.1% | -58.3% |
| Volatility (ann.) | 32.6% | 40.0% |
| Beta vs S&P 500 | 1.56 | 1.43 |
| Max drawdown (3Y) | -32.2% | -58.2% |
| Market cap | $181.5B | $10.1B |
| P/E (trailing) | 44.6 | 34.9 |
| Dividend yield | 1.15% | 4.26% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADI | SWKS |
|---|---|---|
| 2022 | -4.9% | -39.9% |
| 2023 | +23.4% | +26.5% |
| 2024 | +8.8% | -18.9% |
| 2025 | +29.8% | -25.5% |
| 2026 | +38.9% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and SWKS good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADI and SWKS?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.32 over the last year and 0.58 over 5 years.
Is SWKS a good diversifier for ADI?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ADI correlations · SWKS correlations
