HPQ vs SWKS: Correlation
Measured on weekly returns over the past three years, HP Inc. (HPQ) and Skyworks Solutions (SWKS) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPQ and SWKS?
Over the past 3 years, HPQ and SWKS moved with a correlation of 0.49, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.49 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 668.7 %².
By 3-year correlation, SWKS places #15 of the 28 assets tracked against HPQ. Correlation aside, the last 12 months split them widely, with HPQ ahead by 23.6 points (+14.9% versus -8.7%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.21 and 0.71 over the past three years, so this pair behaves very differently depending on the market environment.
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.
HPQ vs SWKS: side by side
| HPQ (HP Inc.) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +14.9% | -8.7% |
| 5-year return | +19.9% | -58.3% |
| Volatility (ann.) | 34.2% | 40.0% |
| Beta vs S&P 500 | 1.15 | 1.43 |
| Max drawdown (3Y) | -51.2% | -58.2% |
| Market cap | $26.7B | $10.1B |
| P/E (trailing) | 11.3 | 34.9 |
| Dividend yield | 0.00% | 4.26% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | HPQ | SWKS |
|---|---|---|
| 2022 | -26.4% | -39.9% |
| 2023 | +16.1% | +26.5% |
| 2024 | +12.1% | -18.9% |
| 2025 | -28.7% | -25.5% |
| 2026 | +36.8% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPQ and SWKS good diversifiers for each other?
Reasonably. At 0.49, HPQ and SWKS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HPQ and SWKS?
As of 2026-08-27, the correlation of weekly returns between HPQ and SWKS is 0.49 over 3 years, 0.55 over 1 year and 0.47 over 5 years.
Is SWKS a good diversifier for HPQ?
Reasonably. At 0.49, HPQ and SWKS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/hpq-vs-swks.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hpq-vs-swks/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HPQ correlations · SWKS correlations
