NXPI vs SYNA: Correlation
NXP Semiconductors (NXPI) and Synaptics Incorporated (SYNA) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPI and SYNA?
On 3 years of weekly data the NXPI/SYNA correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.66 over 3. The 5-year figure is 0.69, and annualized covariance runs at 1297.5 %².
Within NXPI's tracked universe of 35 assets, SYNA comes in at #10 by 3-year correlation. The last year tells two different stories: SYNA led by 41.1 percentage points, -3.3% for NXPI against +37.8% for SYNA.
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 SYNA: side by side
| NXPI (NXP Semiconductors) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | -3.3% | +37.8% |
| 5-year return | +8.6% | -48.2% |
| Volatility (ann.) | 39.9% | 49.6% |
| Beta vs S&P 500 | 1.53 | 2.15 |
| Max drawdown (3Y) | -46.5% | -64.2% |
| Market cap | $57.0B | $3.8B |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | NXPI | SYNA |
|---|---|---|
| 2022 | -29.2% | -67.1% |
| 2023 | +48.4% | +19.9% |
| 2024 | -8.0% | -33.1% |
| 2025 | +6.4% | -3.0% |
| 2026 | +4.9% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXPI and SYNA good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NXPI and SYNA?
The NXPI/SYNA correlation stands at 0.66 on a 3-year window (1 year: 0.60, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is SYNA a good diversifier for NXPI?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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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Related comparisons
Hubs: NXPI correlations · SYNA correlations
