ASML vs SOXX: Correlation
ASML Holding N.V. - New York Registry Shares (ASML) and iShares Semiconductor ETF (SOXX) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASML and SOXX?
Over the past 3 years, ASML and SOXX moved with a correlation of 0.77, which is strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 1041.4 %².
By 3-year correlation, SOXX places #4 of the 10 assets tracked against ASML. The last year tells two different stories: ASML led by 16.8 percentage points, +126.8% for ASML 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.
ASML vs SOXX: side by side
| ASML (ASML Holding N.V. - New York Registry Shares) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +126.8% | +110.0% |
| 5-year return | +116.6% | +247.5% |
| Volatility (ann.) | 38.6% | 35.2% |
| Beta vs S&P 500 | 1.52 | 1.93 |
| Max drawdown (3Y) | -45.5% | -41.4% |
| Market cap | $666.4B | – |
| P/E (trailing) | 58.5 | – |
| Dividend yield | 0.25% | 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 | ASML | SOXX |
|---|---|---|
| 2022 | -30.5% | -35.1% |
| 2023 | +39.9% | +67.1% |
| 2024 | -7.7% | +12.9% |
| 2025 | +55.8% | +40.7% |
| 2026 | +63.0% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SOXX holds ASML at a 2.51% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are ASML and SOXX good diversifiers for each other?
To a limited degree. At 0.77 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 ASML and SOXX?
The ASML/SOXX correlation stands at 0.77 on a 3-year window (1 year: 0.74, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is SOXX a good diversifier for ASML?
To a limited degree. At 0.77 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 0.77 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/asml-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asml-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASML correlations · SOXX correlations
