GFS vs QUIK: Correlation
Measured on weekly returns over the past three years, GlobalFoundries Inc. (GFS) and QuickLogic Corporation (QUIK) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GFS and QUIK?
Across a 3-year window, the weekly returns of GFS and QUIK correlate at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 1591.0 %².
By 3-year correlation, QUIK places #12 of the 17 assets tracked against GFS. Correlation aside, the last 12 months split them widely, with QUIK ahead by 71.5 points (+36.6% versus +108.1%).
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 QUIK: side by side
| GFS (GlobalFoundries Inc.) | QUIK (QuickLogic Corporation) | |
|---|---|---|
| 1-year return | +36.6% | +108.1% |
| 5-year return | +0.0% | +89.6% |
| Volatility (ann.) | 44.9% | 66.7% |
| Beta vs S&P 500 | 1.69 | 1.92 |
| Max drawdown (3Y) | -51.2% | -76.9% |
| Market cap | $25.4B | $0.2B |
| P/E (trailing) | 35.6 | – |
| Dividend yield | 0.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GFS | QUIK |
|---|---|---|
| 2022 | -17.1% | +0.6% |
| 2023 | +12.5% | +169.6% |
| 2024 | -29.2% | -18.5% |
| 2025 | -18.6% | -46.8% |
| 2026 | +32.9% | +88.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFS and QUIK good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GFS and QUIK?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.52 over the last year and 0.42 over 5 years.
Is QUIK a good diversifier for GFS?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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.
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Related comparisons
Hubs: GFS correlations · QUIK correlations
