NXPI vs QCOM: Correlation
Measured on weekly returns over the past three years, NXP Semiconductors (NXPI) and Qualcomm (QCOM) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPI and QCOM?
Across a 3-year window, the weekly returns of NXPI and QCOM correlate at 0.70, strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 1180.0 %².
Among the 35 assets we track against NXPI, QCOM ranks #5 by 3-year correlation. On 12-month performance QCOM holds a 8.6-point edge, -3.3% against +5.3%. Stability stands out here, with the rolling one-year correlation confined to 0.60 through 0.78.
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.
NXPI vs QCOM: side by side
| NXPI (NXP Semiconductors) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | -3.3% | +5.3% |
| 5-year return | +8.6% | +25.8% |
| Volatility (ann.) | 39.9% | 42.4% |
| Beta vs S&P 500 | 1.53 | 1.77 |
| Max drawdown (3Y) | -46.5% | -44.2% |
| Market cap | $57.0B | $176.0B |
| P/E (trailing) | 19.3 | 18.9 |
| Dividend yield | 1.82% | 2.19% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | NXPI | QCOM |
|---|---|---|
| 2022 | -29.2% | -38.6% |
| 2023 | +48.4% | +35.1% |
| 2024 | -8.0% | +8.3% |
| 2025 | +6.4% | +13.8% |
| 2026 | +4.9% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXPI and QCOM good diversifiers for each other?
To a limited degree. At 0.70 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 NXPI and QCOM?
The NXPI/QCOM correlation stands at 0.70 on a 3-year window (1 year: 0.68, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is QCOM a good diversifier for NXPI?
To a limited degree. At 0.70 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 0.70 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/nxpi-vs-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nxpi-vs-qcom/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXPI correlations · QCOM correlations
