CAG vs SOXX: Correlation
Measured on weekly returns over the past three years, ConAgra Brands, Inc. (CAG) and iShares Semiconductor ETF (SOXX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and SOXX?
Over the past 3 years, CAG and SOXX moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -161.9 %².
Within CAG's tracked universe of 34 assets, SOXX comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SOXX outperformed by 119.8 percentage points (-9.8% for CAG 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.
CAG vs SOXX: side by side
| CAG (ConAgra Brands, Inc.) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | -9.8% | +110.0% |
| 5-year return | -36.6% | +247.5% |
| Volatility (ann.) | 24.2% | 35.2% |
| Beta vs S&P 500 | -0.05 | 1.93 |
| Max drawdown (3Y) | -56.7% | -41.4% |
| Market cap | $7.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.65% | 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 | CAG | SOXX |
|---|---|---|
| 2022 | +17.5% | -35.1% |
| 2023 | -22.8% | +67.1% |
| 2024 | +1.5% | +12.9% |
| 2025 | -33.3% | +40.7% |
| 2026 | -2.1% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and SOXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between CAG and SOXX?
As of 2026-08-27, the correlation of weekly returns between CAG and SOXX is -0.19 over 3 years, -0.23 over 1 year and -0.11 over 5 years.
Is SOXX a good diversifier for CAG?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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/cag-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cag-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAG correlations · SOXX correlations
