EL vs SWKS: Correlation
Measured on weekly returns over the past three years, Estée Lauder Companies (The) (EL) and Skyworks Solutions (SWKS) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EL and SWKS?
Across a 3-year window, the weekly returns of EL and SWKS correlate at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.45). Stretching to 5 years gives 0.48, with an annualized covariance of 845.2 %².
By 3-year correlation, SWKS places #6 of the 35 assets tracked against EL. Their recent paths diverged sharply: over the last 12 months EL outperformed by 25.1 percentage points (+16.4% for EL against -8.7% for SWKS). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.23 to 0.75.
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.
EL vs SWKS: side by side
| EL (Estée Lauder Companies (The)) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +16.4% | -8.7% |
| 5-year return | -66.7% | -58.3% |
| Volatility (ann.) | 47.0% | 40.0% |
| Beta vs S&P 500 | 1.28 | 1.43 |
| Max drawdown (3Y) | -68.4% | -58.2% |
| Market cap | $38.4B | $10.1B |
| P/E (trailing) | 208.3 | 34.9 |
| Dividend yield | 1.33% | 4.26% |
| Sector / category | Consumer Staples | Information Technology |
Year-by-year returns
| Year | EL | SWKS |
|---|---|---|
| 2022 | -32.3% | -39.9% |
| 2023 | -40.1% | +26.5% |
| 2024 | -47.6% | -18.9% |
| 2025 | +42.1% | -25.5% |
| 2026 | +2.1% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EL and SWKS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EL and SWKS?
The EL/SWKS correlation stands at 0.45 on a 3-year window (1 year: 0.26, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is SWKS a good diversifier for EL?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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.
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Related comparisons
Hubs: EL correlations · SWKS correlations
