FSLR vs NXPI: Correlation
How closely do First Solar (FSLR) and NXP Semiconductors (NXPI) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSLR and NXPI?
Across a 3-year window, the weekly returns of FSLR and NXPI correlate at 0.37, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.37). Stretching to 5 years gives 0.30, with an annualized covariance of 825.1 %².
By 3-year correlation, NXPI places #16 of the 34 assets tracked against FSLR. The trailing year gives FSLR the advantage: +9.9% versus -3.3%, a 13.2-point spread. On a rolling one-year basis the correlation drifted between 0.20 and 0.57, a moderate band.
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.
FSLR vs NXPI: side by side
| FSLR (First Solar) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | +9.9% | -3.3% |
| 5-year return | +119.6% | +8.6% |
| Volatility (ann.) | 56.2% | 39.9% |
| Beta vs S&P 500 | 1.14 | 1.53 |
| Max drawdown (3Y) | -60.0% | -46.5% |
| Market cap | $22.6B | $57.0B |
| P/E (trailing) | 12.7 | 19.3 |
| Dividend yield | 0.00% | 1.82% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | FSLR | NXPI |
|---|---|---|
| 2022 | +71.9% | -29.2% |
| 2023 | +15.0% | +48.4% |
| 2024 | +2.3% | -8.0% |
| 2025 | +48.2% | +6.4% |
| 2026 | -19.6% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSLR and NXPI good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FSLR and NXPI?
As of 2026-08-27, the correlation of weekly returns between FSLR and NXPI is 0.37 over 3 years, 0.21 over 1 year and 0.30 over 5 years.
Is NXPI a good diversifier for FSLR?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/fslr-vs-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fslr-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FSLR correlations · NXPI correlations
