AEIS vs SOXX: Correlation
How closely do Advanced Energy Industries, Inc. (AEIS) and iShares Semiconductor ETF (SOXX) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEIS and SOXX?
Over the past 3 years, AEIS and SOXX moved with a correlation of 0.71, which is strong. The link has loosened recently: the 1-year correlation (0.59) runs below the 3-year figure (0.71). Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 1089.6 %².
SOXX is one of the assets that tracks AEIS most closely: it ranks #2 out of the 32 assets we track against AEIS. The last year tells two different stories: SOXX led by 23.0 percentage points, +87.0% for AEIS against +110.0% for SOXX.
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.
AEIS vs SOXX: side by side
| AEIS (Advanced Energy Industries, Inc.) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +87.0% | +110.0% |
| 5-year return | +222.9% | +247.5% |
| Volatility (ann.) | 43.9% | 35.2% |
| Beta vs S&P 500 | 1.69 | 1.93 |
| Max drawdown (3Y) | -39.9% | -41.4% |
| Market cap | $11.5B | – |
| P/E (trailing) | 52.4 | – |
| Dividend yield | 0.14% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | US Listed | 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 | AEIS | SOXX |
|---|---|---|
| 2022 | -5.4% | -35.1% |
| 2023 | +27.5% | +67.1% |
| 2024 | +6.6% | +12.9% |
| 2025 | +81.6% | +40.7% |
| 2026 | +37.3% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEIS and SOXX good diversifiers for each other?
To a limited degree. At 0.71 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 AEIS and SOXX?
As of 2026-08-27, the correlation of weekly returns between AEIS and SOXX is 0.71 over 3 years, 0.59 over 1 year and 0.75 over 5 years.
Is SOXX a good diversifier for AEIS?
To a limited degree. At 0.71 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 0.71 mean?
A reading of 0.71 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/aeis-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeis-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEIS correlations · SOXX correlations
