ENPH vs SLAB: Correlation
Enphase Energy, Inc. (ENPH) and Silicon Laboratories, Inc. (SLAB) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENPH and SLAB?
Over the past 3 years, ENPH and SLAB moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 1784.4 %².
Among the 12 assets we track against ENPH, SLAB ranks #5 by 3-year correlation. The last year tells two different stories: SLAB led by 52.3 percentage points, +4.5% for ENPH against +56.8% for SLAB.
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.
ENPH vs SLAB: side by side
| ENPH (Enphase Energy, Inc.) | SLAB (Silicon Laboratories, Inc.) | |
|---|---|---|
| 1-year return | +4.5% | +56.8% |
| 5-year return | -77.9% | +36.7% |
| Volatility (ann.) | 70.2% | 48.6% |
| Beta vs S&P 500 | 1.12 | 1.40 |
| Max drawdown (3Y) | -81.0% | -45.7% |
| Market cap | $5.2B | $7.3B |
| P/E (trailing) | 38.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENPH | SLAB |
|---|---|---|
| 2022 | +44.8% | -34.3% |
| 2023 | -50.1% | -2.5% |
| 2024 | -48.0% | -6.1% |
| 2025 | -53.3% | +5.2% |
| 2026 | +22.5% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENPH and SLAB good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ENPH and SLAB?
The ENPH/SLAB correlation stands at 0.52 on a 3-year window (1 year: 0.47, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is SLAB a good diversifier for ENPH?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/enph-vs-slab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enph-vs-slab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENPH correlations · SLAB correlations
