CDW vs SWKS: Correlation
Measured on weekly returns over the past three years, CDW Corporation (CDW) and Skyworks Solutions (SWKS) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDW and SWKS?
Over the past 3 years, CDW and SWKS moved with a correlation of 0.43, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.43 over 3 years. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 585.9 %².
Within CDW's tracked universe of 40 assets, SWKS comes in at #22 by 3-year correlation. Twelve-month performance is nearly a tie, at -8.0% for CDW and -8.7% for SWKS. Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.67.
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.
CDW vs SWKS: side by side
| CDW (CDW Corporation) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | -8.0% | -8.7% |
| 5-year return | -20.5% | -58.3% |
| Volatility (ann.) | 34.2% | 40.0% |
| Beta vs S&P 500 | 1.01 | 1.43 |
| Max drawdown (3Y) | -60.4% | -58.2% |
| Market cap | $18.6B | $10.1B |
| P/E (trailing) | 17.0 | 34.9 |
| Dividend yield | 1.78% | 4.26% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CDW | SWKS |
|---|---|---|
| 2022 | -11.7% | -39.9% |
| 2023 | +28.8% | +26.5% |
| 2024 | -22.6% | -18.9% |
| 2025 | -20.6% | -25.5% |
| 2026 | +11.1% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDW and SWKS good diversifiers for each other?
Reasonably. At 0.43, CDW and SWKS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CDW and SWKS?
The CDW/SWKS correlation stands at 0.43 on a 3-year window (1 year: 0.30, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is SWKS a good diversifier for CDW?
Reasonably. At 0.43, CDW and SWKS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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.
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Related comparisons
Hubs: CDW correlations · SWKS correlations
