NXPI vs SPY: Correlation
NXP Semiconductors (NXPI) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPI and SPY?
Across a 3-year window, the weekly returns of NXPI and SPY correlate at 0.55, moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.55). Stretching to 5 years gives 0.60, with an annualized covariance of 319.4 %².
Within NXPI's tracked universe of 35 assets, SPY comes in at #19 by 3-year correlation. The last year tells two different stories: SPY led by 23.9 percentage points, -3.3% for NXPI against +20.6% for SPY. On a rolling one-year basis the correlation drifted between 0.40 and 0.77, a moderate band. Note the risk asymmetry: NXPI runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SPY: side by side
| NXPI (NXP Semiconductors) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -3.3% | +20.6% |
| 5-year return | +8.6% | +82.4% |
| Volatility (ann.) | 39.9% | 14.5% |
| Beta vs S&P 500 | 1.53 | 1.00 |
| Max drawdown (3Y) | -46.5% | -18.8% |
| Market cap | $57.0B | – |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 1.82% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | Information Technology | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | NXPI | SPY |
|---|---|---|
| 2022 | -29.2% | -18.2% |
| 2023 | +48.4% | +26.2% |
| 2024 | -8.0% | +24.9% |
| 2025 | +6.4% | +17.7% |
| 2026 | +4.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SPY holds NXPI at a 0.09% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are NXPI and SPY good diversifiers for each other?
To a limited degree. At 0.55 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 SPY?
The NXPI/SPY correlation stands at 0.55 on a 3-year window (1 year: 0.41, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for NXPI?
To a limited degree. At 0.55 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 0.55 mean?
On the −1 to +1 scale, 0.55 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.
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Hubs: NXPI correlations · SPY correlations
