ADI vs TXN: Correlation
How closely do Analog Devices (ADI) and Texas Instruments (TXN) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and TXN?
Across a 3-year window, the weekly returns of ADI and TXN correlate at 0.79, strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.79 over 3. Stretching to 5 years gives 0.79, with an annualized covariance of 885.4 %².
TXN is one of the assets that tracks ADI most closely: it ranks #3 out of the 51 assets we track against ADI. The last year tells two different stories: ADI led by 15.5 percentage points, +48.6% for ADI against +33.1% for TXN. The rolling one-year correlation stayed in a tight band between 0.64 and 0.86 over the past three years, which points to a structural rather than episodic relationship.
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 TXN: side by side
| ADI (Analog Devices) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | +48.6% | +33.1% |
| 5-year return | +143.1% | +60.4% |
| Volatility (ann.) | 32.6% | 34.3% |
| Beta vs S&P 500 | 1.56 | 1.28 |
| Max drawdown (3Y) | -32.2% | -33.4% |
| Market cap | $181.5B | $243.4B |
| P/E (trailing) | 44.6 | 40.6 |
| Dividend yield | 1.15% | 2.15% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADI | TXN |
|---|---|---|
| 2022 | -4.9% | -9.9% |
| 2023 | +23.4% | +6.4% |
| 2024 | +8.8% | +13.1% |
| 2025 | +29.8% | -4.5% |
| 2026 | +38.9% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and TXN good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADI and TXN?
The ADI/TXN correlation stands at 0.79 on a 3-year window (1 year: 0.73, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is TXN a good diversifier for ADI?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 mean?
A reading of 0.79 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 · TXN correlations
