ESI vs SOXX: Correlation
Element Solutions Inc. (ESI) and iShares Semiconductor ETF (SOXX) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESI and SOXX?
Across a 3-year window, the weekly returns of ESI and SOXX correlate at 0.66, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 762.0 %².
By 3-year correlation, SOXX places #4 of the 18 assets tracked against ESI. Correlation aside, the last 12 months split them widely, with SOXX ahead by 66.7 points (+43.3% versus +110.0%).
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.
ESI vs SOXX: side by side
| ESI (Element Solutions Inc.) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +43.3% | +110.0% |
| 5-year return | +67.5% | +247.5% |
| Volatility (ann.) | 32.8% | 35.2% |
| Beta vs S&P 500 | 1.26 | 1.93 |
| Max drawdown (3Y) | -40.0% | -41.4% |
| Market cap | $8.9B | – |
| P/E (trailing) | 49.4 | – |
| Dividend yield | 0.89% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | US Listed | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | ESI | SOXX |
|---|---|---|
| 2022 | -23.9% | -35.1% |
| 2023 | +29.3% | +67.1% |
| 2024 | +11.3% | +12.9% |
| 2025 | -0.4% | +40.7% |
| 2026 | +46.7% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESI and SOXX 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 ESI and SOXX?
As of 2026-08-27, the correlation of weekly returns between ESI and SOXX is 0.66 over 3 years, 0.63 over 1 year and 0.70 over 5 years.
Is SOXX a good diversifier for ESI?
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/esi-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/esi-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ESI correlations · SOXX correlations
