NXPI vs SWKS: Correlation
NXP Semiconductors (NXPI) and Skyworks Solutions (SWKS) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPI and SWKS?
Across a 3-year window, the weekly returns of NXPI and SWKS correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 852.5 %².
By 3-year correlation, SWKS places #20 of the 35 assets tracked against NXPI. On 12-month performance NXPI holds a 5.4-point edge, -3.3% against -8.7%. This link changes with the market regime, having swung between 0.30 and 0.86 on a rolling one-year basis.
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 SWKS: side by side
| NXPI (NXP Semiconductors) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | -3.3% | -8.7% |
| 5-year return | +8.6% | -58.3% |
| Volatility (ann.) | 39.9% | 40.0% |
| Beta vs S&P 500 | 1.53 | 1.43 |
| Max drawdown (3Y) | -46.5% | -58.2% |
| Market cap | $57.0B | $10.1B |
| P/E (trailing) | 19.3 | 34.9 |
| Dividend yield | 1.82% | 4.26% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | NXPI | SWKS |
|---|---|---|
| 2022 | -29.2% | -39.9% |
| 2023 | +48.4% | +26.5% |
| 2024 | -8.0% | -18.9% |
| 2025 | +6.4% | -25.5% |
| 2026 | +4.9% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXPI and SWKS good diversifiers for each other?
Only partially. A correlation of 0.53 means NXPI and SWKS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NXPI and SWKS?
As of 2026-08-27, the correlation of weekly returns between NXPI and SWKS is 0.53 over 3 years, 0.49 over 1 year and 0.58 over 5 years.
Is SWKS a good diversifier for NXPI?
Only partially. A correlation of 0.53 means NXPI and SWKS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NXPI correlations · SWKS correlations
