GFS vs VSH: Correlation
How closely do GlobalFoundries Inc. (GFS) and Vishay Intertechnology, Inc. (VSH) 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 VSH?
Across a 3-year window, the weekly returns of GFS and VSH correlate at 0.65, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 1497.7 %².
Among the 17 assets we track against GFS, VSH ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VSH outperformed by 72.0 percentage points (+36.6% for GFS against +108.6% for VSH).
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 VSH: side by side
| GFS (GlobalFoundries Inc.) | VSH (Vishay Intertechnology, Inc.) | |
|---|---|---|
| 1-year return | +36.6% | +108.6% |
| 5-year return | +0.0% | +55.5% |
| Volatility (ann.) | 44.9% | 51.7% |
| Beta vs S&P 500 | 1.69 | 1.86 |
| Max drawdown (3Y) | -51.2% | -60.4% |
| Market cap | $25.4B | $4.9B |
| P/E (trailing) | 35.6 | 151.1 |
| Dividend yield | 0.26% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GFS | VSH |
|---|---|---|
| 2022 | -17.1% | +0.7% |
| 2023 | +12.5% | +13.0% |
| 2024 | -29.2% | -27.9% |
| 2025 | -18.6% | -12.2% |
| 2026 | +32.9% | +120.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFS and VSH 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 VSH?
The GFS/VSH correlation stands at 0.65 on a 3-year window (1 year: 0.65, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is VSH 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?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GFS correlations · VSH correlations
