NXPI vs TXN: Correlation
Measured on weekly returns over the past three years, NXP Semiconductors (NXPI) and Texas Instruments (TXN) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPI and TXN?
Across a 3-year window, the weekly returns of NXPI and TXN correlate at 0.69, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 948.5 %².
By 3-year correlation, TXN places #7 of the 35 assets tracked against NXPI. Their recent paths diverged sharply: over the last 12 months TXN outperformed by 36.4 percentage points (-3.3% for NXPI against +33.1% for TXN). Across three years, the rolling one-year figure varied moderately, from 0.57 to 0.82.
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 TXN: side by side
| NXPI (NXP Semiconductors) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | -3.3% | +33.1% |
| 5-year return | +8.6% | +60.4% |
| Volatility (ann.) | 39.9% | 34.3% |
| Beta vs S&P 500 | 1.53 | 1.28 |
| Max drawdown (3Y) | -46.5% | -33.4% |
| Market cap | $57.0B | $243.4B |
| P/E (trailing) | 19.3 | 40.6 |
| Dividend yield | 1.82% | 2.15% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | NXPI | TXN |
|---|---|---|
| 2022 | -29.2% | -9.9% |
| 2023 | +48.4% | +6.4% |
| 2024 | -8.0% | +13.1% |
| 2025 | +6.4% | -4.5% |
| 2026 | +4.9% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXPI and TXN good diversifiers for each other?
To a limited degree. At 0.69 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 TXN?
As of 2026-08-27, the correlation of weekly returns between NXPI and TXN is 0.69 over 3 years, 0.65 over 1 year and 0.71 over 5 years.
Is TXN a good diversifier for NXPI?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 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 · TXN correlations
