DIOD vs SWKS: Correlation
Measured on weekly returns over the past three years, Diodes Incorporated (DIOD) and Skyworks Solutions (SWKS) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIOD and SWKS?
Over the past 3 years, DIOD and SWKS moved with a correlation of 0.57, which is moderate. The past 12 months show a weaker link (0.46) than the 3-year average (0.57). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 1154.8 %².
Among the 25 assets we track against DIOD, SWKS ranks #15 by 3-year correlation. The last year tells two different stories: DIOD led by 70.4 percentage points, +61.7% for DIOD against -8.7% for SWKS.
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 SWKS: side by side
| DIOD (Diodes Incorporated) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +61.7% | -8.7% |
| 5-year return | -7.4% | -58.3% |
| Volatility (ann.) | 50.3% | 40.0% |
| Beta vs S&P 500 | 1.84 | 1.43 |
| Max drawdown (3Y) | -60.1% | -58.2% |
| Market cap | $4.2B | $10.1B |
| P/E (trailing) | 48.6 | 34.9 |
| Dividend yield | 0.00% | 4.26% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DIOD | SWKS |
|---|---|---|
| 2022 | -30.7% | -39.9% |
| 2023 | +5.8% | +26.5% |
| 2024 | -23.4% | -18.9% |
| 2025 | -20.0% | -25.5% |
| 2026 | +84.2% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIOD and SWKS good diversifiers for each other?
Only partially. A correlation of 0.57 means DIOD and SWKS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DIOD and SWKS?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.46 over the last year and 0.59 over 5 years.
Is SWKS a good diversifier for DIOD?
Only partially. A correlation of 0.57 means DIOD and SWKS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DIOD correlations · SWKS correlations
