DIOD vs ENTG: Correlation
How closely do Diodes Incorporated (DIOD) and Entegris, Inc. (ENTG) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIOD and ENTG?
Over the past 3 years, DIOD and ENTG moved with a correlation of 0.68, which is strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.68 over 3. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 1817.6 %².
Among the 25 assets we track against DIOD, ENTG ranks #5 by 3-year correlation. On 12-month performance ENTG holds a 11.9-point edge, +61.7% against +73.6%.
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.
DIOD vs ENTG: side by side
| DIOD (Diodes Incorporated) | ENTG (Entegris, Inc.) | |
|---|---|---|
| 1-year return | +61.7% | +73.6% |
| 5-year return | -7.4% | +22.7% |
| Volatility (ann.) | 50.3% | 53.0% |
| Beta vs S&P 500 | 1.84 | 2.17 |
| Max drawdown (3Y) | -60.1% | -56.9% |
| Market cap | $4.2B | $22.2B |
| P/E (trailing) | 48.6 | 71.6 |
| Dividend yield | 0.00% | 0.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DIOD | ENTG |
|---|---|---|
| 2022 | -30.7% | -52.5% |
| 2023 | +5.8% | +83.5% |
| 2024 | -23.4% | -17.1% |
| 2025 | -20.0% | -14.6% |
| 2026 | +84.2% | +72.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIOD and ENTG good diversifiers for each other?
To a limited degree. At 0.68 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 DIOD and ENTG?
The DIOD/ENTG correlation stands at 0.68 on a 3-year window (1 year: 0.77, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is ENTG a good diversifier for DIOD?
To a limited degree. At 0.68 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 0.68 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/diod-vs-entg.json
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Related comparisons
Hubs: DIOD correlations · ENTG correlations
