INDI vs NXPI: Correlation
indie Semiconductor, Inc. (INDI) and NXP Semiconductors (NXPI) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDI and NXPI?
Over the past 3 years, INDI and NXPI moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 1918.2 %².
Few assets follow INDI as closely as NXPI, which ranks #3 of 13 tracked partners. Over the last 12 months NXPI came out ahead by 9.6 percentage points (-12.9% against -3.3%). Risk is not evenly split, since INDI carries 2.2 times the volatility of the other side.
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.
INDI vs NXPI: side by side
| INDI (indie Semiconductor, Inc.) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | -12.9% | -3.3% |
| 5-year return | -59.1% | +8.6% |
| Volatility (ann.) | 86.4% | 39.9% |
| Beta vs S&P 500 | 3.07 | 1.53 |
| Max drawdown (3Y) | -81.3% | -46.5% |
| Market cap | $0.9B | $57.0B |
| P/E (trailing) | – | 19.3 |
| Dividend yield | 0.00% | 1.82% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | INDI | NXPI |
|---|---|---|
| 2022 | -51.4% | -29.2% |
| 2023 | +39.1% | +48.4% |
| 2024 | -50.1% | -8.0% |
| 2025 | -12.8% | +6.4% |
| 2026 | +14.4% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDI and NXPI good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between INDI and NXPI?
As of 2026-08-27, the correlation of weekly returns between INDI and NXPI is 0.56 over 3 years, 0.63 over 1 year and 0.56 over 5 years.
Is NXPI a good diversifier for INDI?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/indi-vs-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/indi-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INDI correlations · NXPI correlations
