NXPI vs SMH: Correlation
Measured on weekly returns over the past three years, NXP Semiconductors (NXPI) and VanEck Semiconductor ETF (SMH) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPI and SMH?
Over the past 3 years, NXPI and SMH moved with a correlation of 0.67, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.57 versus 0.67 over 3 years. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 899.2 %².
Among the 35 assets we track against NXPI, SMH ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SMH ahead by 96.4 points (-3.3% versus +93.1%). The rolling one-year correlation moved between 0.45 and 0.87 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.
NXPI vs SMH: side by side
| NXPI (NXP Semiconductors) | SMH (VanEck Semiconductor ETF) | |
|---|---|---|
| 1-year return | -3.3% | +93.1% |
| 5-year return | +8.6% | +332.8% |
| Volatility (ann.) | 39.9% | 33.7% |
| Beta vs S&P 500 | 1.53 | 1.91 |
| Max drawdown (3Y) | -46.5% | -35.7% |
| Market cap | $57.0B | – |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 1.82% | – |
| Sector / category | Information Technology | ETF · Thematic |
Year-by-year returns
| Year | NXPI | SMH |
|---|---|---|
| 2022 | -29.2% | -33.5% |
| 2023 | +48.4% | +73.4% |
| 2024 | -8.0% | +39.1% |
| 2025 | +6.4% | +49.2% |
| 2026 | +4.9% | +59.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXPI and SMH good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NXPI and SMH?
The NXPI/SMH correlation stands at 0.67 on a 3-year window (1 year: 0.57, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is SMH a good diversifier for NXPI?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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/nxpi-vs-smh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxpi-vs-smh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NXPI correlations · SMH correlations
