AMKR vs SMH: Correlation
How closely do Amkor Technology, Inc. (AMKR) and VanEck Semiconductor ETF (SMH) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMKR and SMH?
Over the past 3 years, AMKR and SMH moved with a correlation of 0.73, which is strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 1408.4 %².
Few assets follow AMKR as closely as SMH, which ranks #3 of 17 tracked partners. Correlation aside, the last 12 months split them widely, with AMKR ahead by 19.2 points (+112.3% versus +93.1%). Note the risk asymmetry: AMKR runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMKR vs SMH: side by side
| AMKR (Amkor Technology, Inc.) | SMH (VanEck Semiconductor ETF) | |
|---|---|---|
| 1-year return | +112.3% | +93.1% |
| 5-year return | +98.2% | +332.8% |
| Volatility (ann.) | 57.4% | 33.7% |
| Beta vs S&P 500 | 2.24 | 1.91 |
| Max drawdown (3Y) | -65.9% | -35.7% |
| Market cap | $12.9B | – |
| P/E (trailing) | 21.6 | – |
| Dividend yield | 0.69% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | AMKR | SMH |
|---|---|---|
| 2022 | -2.3% | -33.5% |
| 2023 | +40.3% | +73.4% |
| 2024 | -20.8% | +39.1% |
| 2025 | +55.9% | +49.2% |
| 2026 | +31.5% | +59.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMKR and SMH good diversifiers for each other?
To a limited degree. At 0.73 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 AMKR and SMH?
As of 2026-08-27, the correlation of weekly returns between AMKR and SMH is 0.73 over 3 years, 0.73 over 1 year and 0.75 over 5 years.
Is SMH a good diversifier for AMKR?
To a limited degree. At 0.73 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 0.73 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amkr-vs-smh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amkr-vs-smh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMKR correlations · SMH correlations
