GFS vs SYNA: Correlation
How closely do GlobalFoundries Inc. (GFS) and Synaptics Incorporated (SYNA) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GFS and SYNA?
Over the past 3 years, GFS and SYNA moved with a correlation of 0.70, which is strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 1562.0 %².
SYNA is one of the assets that tracks GFS most closely: it ranks #1 out of the 17 assets we track against GFS. Neither side won the trailing year by much: +36.6% against +37.8%.
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 SYNA: side by side
| GFS (GlobalFoundries Inc.) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +36.6% | +37.8% |
| 5-year return | +0.0% | -48.2% |
| Volatility (ann.) | 44.9% | 49.6% |
| Beta vs S&P 500 | 1.69 | 2.15 |
| Max drawdown (3Y) | -51.2% | -64.2% |
| Market cap | $25.4B | $3.8B |
| P/E (trailing) | 35.6 | – |
| Dividend yield | 0.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GFS | SYNA |
|---|---|---|
| 2022 | -17.1% | -67.1% |
| 2023 | +12.5% | +19.9% |
| 2024 | -29.2% | -33.1% |
| 2025 | -18.6% | -3.0% |
| 2026 | +32.9% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFS and SYNA good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GFS and SYNA?
The GFS/SYNA correlation stands at 0.70 on a 3-year window (1 year: 0.67, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is SYNA a good diversifier for GFS?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 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 · SYNA correlations
