DIOD vs TXN: Correlation
How closely do Diodes Incorporated (DIOD) and Texas Instruments (TXN) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIOD and TXN?
On 3 years of weekly data the DIOD/TXN correlation comes out at 0.66, strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 1133.1 %².
Among the 25 assets we track against DIOD, TXN ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DIOD ahead by 28.6 points (+61.7% versus +33.1%).
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 TXN: side by side
| DIOD (Diodes Incorporated) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | +61.7% | +33.1% |
| 5-year return | -7.4% | +60.4% |
| Volatility (ann.) | 50.3% | 34.3% |
| Beta vs S&P 500 | 1.84 | 1.28 |
| Max drawdown (3Y) | -60.1% | -33.4% |
| Market cap | $4.2B | $243.4B |
| P/E (trailing) | 48.6 | 40.6 |
| Dividend yield | 0.00% | 2.15% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DIOD | TXN |
|---|---|---|
| 2022 | -30.7% | -9.9% |
| 2023 | +5.8% | +6.4% |
| 2024 | -23.4% | +13.1% |
| 2025 | -20.0% | -4.5% |
| 2026 | +84.2% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIOD and TXN good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DIOD and TXN?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.60 over the last year and 0.67 over 5 years.
Is TXN a good diversifier for DIOD?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 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-txn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/diod-vs-txn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DIOD correlations · TXN correlations
