DIOD vs NXPI: Correlation
Diodes Incorporated (DIOD) and NXP Semiconductors (NXPI) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIOD and NXPI?
Over the past 3 years, DIOD and NXPI moved with a correlation of 0.65, which is strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 1310.0 %².
By 3-year correlation, NXPI places #9 of the 25 assets tracked against DIOD. Their recent paths diverged sharply: over the last 12 months DIOD outperformed by 65.0 percentage points (+61.7% for DIOD against -3.3% for NXPI).
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 NXPI: side by side
| DIOD (Diodes Incorporated) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | +61.7% | -3.3% |
| 5-year return | -7.4% | +8.6% |
| Volatility (ann.) | 50.3% | 39.9% |
| Beta vs S&P 500 | 1.84 | 1.53 |
| Max drawdown (3Y) | -60.1% | -46.5% |
| Market cap | $4.2B | $57.0B |
| P/E (trailing) | 48.6 | 19.3 |
| Dividend yield | 0.00% | 1.82% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DIOD | NXPI |
|---|---|---|
| 2022 | -30.7% | -29.2% |
| 2023 | +5.8% | +48.4% |
| 2024 | -23.4% | -8.0% |
| 2025 | -20.0% | +6.4% |
| 2026 | +84.2% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIOD and NXPI good diversifiers for each other?
To a limited degree. At 0.65 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 NXPI?
As of 2026-08-27, the correlation of weekly returns between DIOD and NXPI is 0.65 over 3 years, 0.62 over 1 year and 0.70 over 5 years.
Is NXPI a good diversifier for DIOD?
To a limited degree. At 0.65 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 0.65 mean?
A reading of 0.65 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/diod-vs-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/diod-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIOD correlations · NXPI correlations
