FORM vs SOXX: Correlation
FormFactor, Inc. (FORM) and iShares Semiconductor ETF (SOXX) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FORM and SOXX?
On 3 years of weekly data the FORM/SOXX correlation comes out at 0.72, strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 1474.1 %².
SOXX is one of the assets that tracks FORM most closely: it ranks #1 out of the 14 assets we track against FORM. Correlation aside, the last 12 months split them widely, with FORM ahead by 166.6 points (+276.6% versus +110.0%). Risk is not evenly split, since FORM carries 1.7 times the volatility of the other side.
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.
FORM vs SOXX: side by side
| FORM (FormFactor, Inc.) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +276.6% | +110.0% |
| 5-year return | +178.6% | +247.5% |
| Volatility (ann.) | 58.1% | 35.2% |
| Beta vs S&P 500 | 2.08 | 1.93 |
| Max drawdown (3Y) | -62.7% | -41.4% |
| Market cap | $8.6B | – |
| P/E (trailing) | 74.5 | – |
| Dividend yield | 0.00% | 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 | FORM | SOXX |
|---|---|---|
| 2022 | -51.4% | -35.1% |
| 2023 | +87.6% | +67.1% |
| 2024 | +5.5% | +12.9% |
| 2025 | +26.8% | +40.7% |
| 2026 | +97.6% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FORM and SOXX good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FORM and SOXX?
The FORM/SOXX correlation stands at 0.72 on a 3-year window (1 year: 0.67, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is SOXX a good diversifier for FORM?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 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/form-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/form-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FORM correlations · SOXX correlations
