LSCC vs SMH: Correlation
How closely do Lattice Semiconductor Corporation (LSCC) and VanEck Semiconductor ETF (SMH) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSCC and SMH?
Across a 3-year window, the weekly returns of LSCC and SMH correlate at 0.62, strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Stretching to 5 years gives 0.69, with an annualized covariance of 1127.1 %².
SMH is one of the assets that tracks LSCC most closely: it ranks #2 out of the 14 assets we track against LSCC. The trailing year gives SMH the advantage: +83.0% versus +93.1%, a 10.1-point spread. Risk is not evenly split, since LSCC carries 1.6 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.
LSCC vs SMH: side by side
| LSCC (Lattice Semiconductor Corporation) | SMH (VanEck Semiconductor ETF) | |
|---|---|---|
| 1-year return | +83.0% | +93.1% |
| 5-year return | +92.0% | +332.8% |
| Volatility (ann.) | 53.9% | 33.7% |
| Beta vs S&P 500 | 2.02 | 1.91 |
| Max drawdown (3Y) | -61.1% | -35.7% |
| Market cap | $17.1B | – |
| P/E (trailing) | 481.9 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | LSCC | SMH |
|---|---|---|
| 2022 | -15.8% | -33.5% |
| 2023 | +6.3% | +73.4% |
| 2024 | -17.9% | +39.1% |
| 2025 | +29.9% | +49.2% |
| 2026 | +63.7% | +59.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSCC and SMH good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LSCC and SMH?
The LSCC/SMH correlation stands at 0.62 on a 3-year window (1 year: 0.67, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is SMH a good diversifier for LSCC?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/lscc-vs-smh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lscc-vs-smh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LSCC correlations · SMH correlations
