NXPI vs SOXX: Correlation
Measured on weekly returns over the past three years, NXP Semiconductors (NXPI) and iShares Semiconductor ETF (SOXX) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPI and SOXX?
On 3 years of weekly data the NXPI/SOXX correlation comes out at 0.71, strong. The link has loosened recently: the 1-year correlation (0.59) runs below the 3-year figure (0.71). The 5-year figure is 0.77, and annualized covariance runs at 994.8 %².
Among the 35 assets we track against NXPI, SOXX ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SOXX ahead by 113.3 points (-3.3% versus +110.0%). Across three years, the rolling one-year figure varied moderately, from 0.49 to 0.90.
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 SOXX: side by side
| NXPI (NXP Semiconductors) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | -3.3% | +110.0% |
| 5-year return | +8.6% | +247.5% |
| Volatility (ann.) | 39.9% | 35.2% |
| Beta vs S&P 500 | 1.53 | 1.93 |
| Max drawdown (3Y) | -46.5% | -41.4% |
| Market cap | $57.0B | – |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 1.82% | 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 | NXPI | SOXX |
|---|---|---|
| 2022 | -29.2% | -35.1% |
| 2023 | +48.4% | +67.1% |
| 2024 | -8.0% | +12.9% |
| 2025 | +6.4% | +40.7% |
| 2026 | +4.9% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
NXPI represents 3.1% of SOXX's portfolio, so part of any move in SOXX is NXPI itself, and the correlation between them is partly mechanical.
Are NXPI and SOXX good diversifiers for each other?
To a limited degree. At 0.71 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 SOXX?
As of 2026-08-27, the correlation of weekly returns between NXPI and SOXX is 0.71 over 3 years, 0.59 over 1 year and 0.77 over 5 years.
Is SOXX a good diversifier for NXPI?
To a limited degree. At 0.71 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 0.71 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-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nxpi-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NXPI correlations · SOXX correlations
