GFS vs SWKS: Correlation
How closely do GlobalFoundries Inc. (GFS) and Skyworks Solutions (SWKS) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GFS and SWKS?
Across a 3-year window, the weekly returns of GFS and SWKS correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 983.3 %².
Within GFS's tracked universe of 17 assets, SWKS comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GFS outperformed by 45.3 percentage points (+36.6% for GFS against -8.7% for SWKS).
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 SWKS: side by side
| GFS (GlobalFoundries Inc.) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +36.6% | -8.7% |
| 5-year return | +0.0% | -58.3% |
| Volatility (ann.) | 44.9% | 40.0% |
| Beta vs S&P 500 | 1.69 | 1.43 |
| Max drawdown (3Y) | -51.2% | -58.2% |
| Market cap | $25.4B | $10.1B |
| P/E (trailing) | 35.6 | 34.9 |
| Dividend yield | 0.26% | 4.26% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GFS | SWKS |
|---|---|---|
| 2022 | -17.1% | -39.9% |
| 2023 | +12.5% | +26.5% |
| 2024 | -29.2% | -18.9% |
| 2025 | -18.6% | -25.5% |
| 2026 | +32.9% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFS and SWKS good diversifiers for each other?
Only partially. A correlation of 0.55 means GFS and SWKS 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 GFS and SWKS?
The GFS/SWKS correlation stands at 0.55 on a 3-year window (1 year: 0.54, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is SWKS a good diversifier for GFS?
Only partially. A correlation of 0.55 means GFS and SWKS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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: GFS correlations · SWKS correlations
