DELL vs SOXX: Correlation
Dell Technologies (DELL) and iShares Semiconductor ETF (SOXX) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DELL and SOXX?
Over the past 3 years, DELL and SOXX moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 1262.1 %².
Few assets follow DELL as closely as SOXX, which ranks #3 of 29 tracked partners. The last year tells two different stories: DELL led by 151.0 percentage points, +261.0% for DELL against +110.0% for SOXX. On a rolling one-year basis the correlation drifted between 0.33 and 0.79, a moderate band. Risk is not evenly split, since DELL carries 1.7 times the volatility of the other side.
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.
DELL vs SOXX: side by side
| DELL (Dell Technologies) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +261.0% | +110.0% |
| 5-year return | +945.0% | +247.5% |
| Volatility (ann.) | 61.3% | 35.2% |
| Beta vs S&P 500 | 2.02 | 1.93 |
| Max drawdown (3Y) | -59.6% | -41.4% |
| Market cap | $305.1B | – |
| P/E (trailing) | 36.9 | – |
| Dividend yield | 0.48% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | Information Technology | 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 | DELL | SOXX |
|---|---|---|
| 2022 | -26.6% | -35.1% |
| 2023 | +95.9% | +67.1% |
| 2024 | +53.0% | +12.9% |
| 2025 | +11.2% | +40.7% |
| 2026 | +278.6% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DELL and SOXX good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DELL and SOXX?
As of 2026-08-27, the correlation of weekly returns between DELL and SOXX is 0.59 over 3 years, 0.50 over 1 year and 0.56 over 5 years.
Is SOXX a good diversifier for DELL?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 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/dell-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dell-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DELL correlations · SOXX correlations
