AOSL vs SOXX: Correlation
Alpha and Omega Semiconductor Limited (AOSL) and iShares Semiconductor ETF (SOXX) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOSL and SOXX?
Over the past 3 years, AOSL and SOXX moved with a correlation of 0.57, which is moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 1395.7 %².
Among the 16 assets we track against AOSL, SOXX ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SOXX ahead by 121.4 points (-11.4% versus +110.0%). Note the risk asymmetry: AOSL runs 2.0 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.
AOSL vs SOXX: side by side
| AOSL (Alpha and Omega Semiconductor Limited) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | -11.4% | +110.0% |
| 5-year return | -9.2% | +247.5% |
| Volatility (ann.) | 69.3% | 35.2% |
| Beta vs S&P 500 | 2.34 | 1.93 |
| Max drawdown (3Y) | -66.9% | -41.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | AOSL | SOXX |
|---|---|---|
| 2022 | -52.8% | -35.1% |
| 2023 | -8.8% | +67.1% |
| 2024 | +42.1% | +12.9% |
| 2025 | -46.5% | +40.7% |
| 2026 | +32.4% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOSL and SOXX good diversifiers for each other?
To a limited degree. At 0.57 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 AOSL and SOXX?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.64 over the last year and 0.62 over 5 years.
Is SOXX a good diversifier for AOSL?
To a limited degree. At 0.57 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 0.57 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/aosl-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aosl-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AOSL correlations · SOXX correlations
