OLED vs QRVO: Correlation
How closely do Universal Display Corporation (OLED) and Qorvo, Inc. (QRVO) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLED and QRVO?
On 3 years of weekly data the OLED/QRVO correlation comes out at 0.64, strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. The 5-year figure is 0.65, and annualized covariance runs at 1074.3 %².
Few assets follow OLED as closely as QRVO, which ranks #1 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months QRVO outperformed by 43.4 percentage points (-38.8% for OLED against +4.6% for QRVO).
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.
OLED vs QRVO: side by side
| OLED (Universal Display Corporation) | QRVO (Qorvo, Inc.) | |
|---|---|---|
| 1-year return | -38.8% | +4.6% |
| 5-year return | -57.1% | -49.6% |
| Volatility (ann.) | 40.6% | 41.4% |
| Beta vs S&P 500 | 1.51 | 1.53 |
| Max drawdown (3Y) | -66.1% | -60.7% |
| Market cap | $3.9B | $8.5B |
| P/E (trailing) | 20.5 | 22.1 |
| Dividend yield | 2.19% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLED | QRVO |
|---|---|---|
| 2022 | -33.9% | -42.0% |
| 2023 | +78.6% | +24.2% |
| 2024 | -22.9% | -37.9% |
| 2025 | -19.1% | +20.8% |
| 2026 | -26.6% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLED and QRVO good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OLED and QRVO?
As of 2026-08-27, the correlation of weekly returns between OLED and QRVO is 0.64 over 3 years, 0.64 over 1 year and 0.65 over 5 years.
Is QRVO a good diversifier for OLED?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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/oled-vs-qrvo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/oled-vs-qrvo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OLED correlations · QRVO correlations
