CEVA vs SOXX: Correlation
CEVA, Inc. (CEVA) and iShares Semiconductor ETF (SOXX) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEVA and SOXX?
Over the past 3 years, CEVA and SOXX moved with a correlation of 0.68, which is strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 1373.0 %².
SOXX is one of the assets that tracks CEVA most closely: it ranks #1 out of the 12 assets we track against CEVA. The last year tells two different stories: SOXX led by 84.2 percentage points, +25.8% for CEVA against +110.0% for SOXX. Note the risk asymmetry: CEVA runs 1.6 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.
CEVA vs SOXX: side by side
| CEVA (CEVA, Inc.) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +25.8% | +110.0% |
| 5-year return | -40.9% | +247.5% |
| Volatility (ann.) | 57.4% | 35.2% |
| Beta vs S&P 500 | 2.37 | 1.93 |
| Max drawdown (3Y) | -55.2% | -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 | CEVA | SOXX |
|---|---|---|
| 2022 | -40.8% | -35.1% |
| 2023 | -11.2% | +67.1% |
| 2024 | +38.9% | +12.9% |
| 2025 | -31.8% | +40.7% |
| 2026 | +32.1% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEVA and SOXX good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CEVA and SOXX?
As of 2026-08-27, the correlation of weekly returns between CEVA and SOXX is 0.68 over 3 years, 0.71 over 1 year and 0.68 over 5 years.
Is SOXX a good diversifier for CEVA?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ceva-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ceva-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CEVA correlations · SOXX correlations
