KEYS vs SWKS: Correlation
Keysight Technologies (KEYS) and Skyworks Solutions (SWKS) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and SWKS?
On 3 years of weekly data the KEYS/SWKS correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.49 over 3. The 5-year figure is 0.52, and annualized covariance runs at 722.4 %².
By 3-year correlation, SWKS places #26 of the 43 assets tracked against KEYS. The last year tells two different stories: KEYS led by 106.1 percentage points, +97.4% for KEYS against -8.7% for SWKS. The rolling one-year correlation moved between 0.34 and 0.68 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 SWKS: side by side
| KEYS (Keysight Technologies) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +97.4% | -8.7% |
| 5-year return | +81.9% | -58.3% |
| Volatility (ann.) | 36.8% | 40.0% |
| Beta vs S&P 500 | 1.58 | 1.43 |
| Max drawdown (3Y) | -31.4% | -58.2% |
| Market cap | $55.5B | $10.1B |
| P/E (trailing) | 43.5 | 34.9 |
| Dividend yield | 0.00% | 4.26% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | KEYS | SWKS |
|---|---|---|
| 2022 | -17.2% | -39.9% |
| 2023 | -7.0% | +26.5% |
| 2024 | +1.0% | -18.9% |
| 2025 | +26.5% | -25.5% |
| 2026 | +60.4% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and SWKS good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KEYS and SWKS?
The KEYS/SWKS correlation stands at 0.49 on a 3-year window (1 year: 0.41, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is SWKS a good diversifier for KEYS?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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: KEYS correlations · SWKS correlations
