KEYS vs SOXX: Correlation
How closely do Keysight Technologies (KEYS) and iShares Semiconductor ETF (SOXX) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and SOXX?
Over the past 3 years, KEYS and SOXX moved with a correlation of 0.63, which is strong. Recent behaviour matches the longer record: 0.53 over 1 year against 0.63 over 3. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 817.8 %².
By 3-year correlation, SOXX places #9 of the 43 assets tracked against KEYS. The trailing year gives SOXX the advantage: +97.4% versus +110.0%, a 12.6-point spread. The rolling one-year correlation moved between 0.45 and 0.80 over the past three years, a moderate range.
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.
KEYS vs SOXX: side by side
| KEYS (Keysight Technologies) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +97.4% | +110.0% |
| 5-year return | +81.9% | +247.5% |
| Volatility (ann.) | 36.8% | 35.2% |
| Beta vs S&P 500 | 1.58 | 1.93 |
| Max drawdown (3Y) | -31.4% | -41.4% |
| Market cap | $55.5B | – |
| P/E (trailing) | 43.5 | – |
| 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 | KEYS | SOXX |
|---|---|---|
| 2022 | -17.2% | -35.1% |
| 2023 | -7.0% | +67.1% |
| 2024 | +1.0% | +12.9% |
| 2025 | +26.5% | +40.7% |
| 2026 | +60.4% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS 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 KEYS and SOXX?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.53 over the last year and 0.65 over 5 years.
Is SOXX a good diversifier for KEYS?
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?
On the −1 to +1 scale, 0.63 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/keys-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/keys-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KEYS correlations · SOXX correlations
