FLEX vs SYNA: Correlation
Measured on weekly returns over the past three years, Flex Ltd. (FLEX) and Synaptics Incorporated (SYNA) 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 FLEX and SYNA?
On 3 years of weekly data the FLEX/SYNA correlation comes out at 0.57, moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.57 over 3. The 5-year figure is 0.55, and annualized covariance runs at 1448.2 %².
Among the 45 assets we track against FLEX, SYNA ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FLEX ahead by 76.8 points (+114.6% versus +37.8%).
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.
FLEX vs SYNA: side by side
| FLEX (Flex Ltd.) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +114.6% | +37.8% |
| 5-year return | +716.5% | -48.2% |
| Volatility (ann.) | 50.9% | 49.6% |
| Beta vs S&P 500 | 1.70 | 2.15 |
| Max drawdown (3Y) | -40.0% | -64.2% |
| Market cap | $42.6B | $3.8B |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | FLEX | SYNA |
|---|---|---|
| 2022 | +17.1% | -67.1% |
| 2023 | +41.9% | +19.9% |
| 2024 | +67.2% | -33.1% |
| 2025 | +57.4% | -3.0% |
| 2026 | +90.8% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLEX and SYNA good diversifiers for each other?
Only partially. A correlation of 0.57 means FLEX and SYNA 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 FLEX and SYNA?
As of 2026-08-27, the correlation of weekly returns between FLEX and SYNA is 0.57 over 3 years, 0.63 over 1 year and 0.55 over 5 years.
Is SYNA a good diversifier for FLEX?
Only partially. A correlation of 0.57 means FLEX and SYNA 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?
On the −1 to +1 scale, 0.57 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: FLEX correlations · SYNA correlations
