GFS vs NXPI: Correlation
How closely do GlobalFoundries Inc. (GFS) and NXP Semiconductors (NXPI) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GFS and NXPI?
On 3 years of weekly data the GFS/NXPI correlation comes out at 0.65, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 1164.5 %².
Few assets follow GFS as closely as NXPI, which ranks #3 of 17 tracked partners. Correlation aside, the last 12 months split them widely, with GFS ahead by 39.9 points (+36.6% versus -3.3%).
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.
GFS vs NXPI: side by side
| GFS (GlobalFoundries Inc.) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | +36.6% | -3.3% |
| 5-year return | +0.0% | +8.6% |
| Volatility (ann.) | 44.9% | 39.9% |
| Beta vs S&P 500 | 1.69 | 1.53 |
| Max drawdown (3Y) | -51.2% | -46.5% |
| Market cap | $25.4B | $57.0B |
| P/E (trailing) | 35.6 | 19.3 |
| Dividend yield | 0.26% | 1.82% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GFS | NXPI |
|---|---|---|
| 2022 | -17.1% | -29.2% |
| 2023 | +12.5% | +48.4% |
| 2024 | -29.2% | -8.0% |
| 2025 | -18.6% | +6.4% |
| 2026 | +32.9% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFS and NXPI good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GFS and NXPI?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.65 over the last year and 0.66 over 5 years.
Is NXPI a good diversifier for GFS?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gfs-vs-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gfs-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GFS correlations · NXPI correlations
