INTC vs SOXX: Correlation
Measured on weekly returns over the past three years, Intel (INTC) and iShares Semiconductor ETF (SOXX) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTC and SOXX?
Across a 3-year window, the weekly returns of INTC and SOXX correlate at 0.63, strong. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.63). Stretching to 5 years gives 0.61, with an annualized covariance of 1397.6 %².
SOXX is one of the assets that tracks INTC most closely: it ranks #1 out of the 37 assets we track against INTC. Correlation aside, the last 12 months split them widely, with INTC ahead by 160.6 points (+270.6% versus +110.0%). On a rolling one-year basis the correlation drifted between 0.46 and 0.72, a moderate band. Note the risk asymmetry: INTC runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
INTC vs SOXX: side by side
| INTC (Intel) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +270.6% | +110.0% |
| 5-year return | +85.4% | +247.5% |
| Volatility (ann.) | 63.0% | 35.2% |
| Beta vs S&P 500 | 2.01 | 1.93 |
| Max drawdown (3Y) | -63.8% | -41.4% |
| Market cap | $486.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | Information Technology | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | INTC | SOXX |
|---|---|---|
| 2022 | -46.6% | -35.1% |
| 2023 | +94.6% | +67.1% |
| 2024 | -59.6% | +12.9% |
| 2025 | +84.0% | +40.7% |
| 2026 | +149.6% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SOXX holds INTC at a 4.97% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are INTC and SOXX good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INTC and SOXX?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.75 over the last year and 0.61 over 5 years.
Is SOXX a good diversifier for INTC?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/intc-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/intc-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INTC correlations · SOXX correlations
