OLED vs SWKS: Correlation
Measured on weekly returns over the past three years, Universal Display Corporation (OLED) and Skyworks Solutions (SWKS) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLED and SWKS?
On 3 years of weekly data the OLED/SWKS correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 1023.9 %².
SWKS is one of the assets that tracks OLED most closely: it ranks #2 out of the 10 assets we track against OLED. The last year tells two different stories: SWKS led by 30.1 percentage points, -38.8% for OLED against -8.7% for SWKS.
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 SWKS: side by side
| OLED (Universal Display Corporation) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | -38.8% | -8.7% |
| 5-year return | -57.1% | -58.3% |
| Volatility (ann.) | 40.6% | 40.0% |
| Beta vs S&P 500 | 1.51 | 1.43 |
| Max drawdown (3Y) | -66.1% | -58.2% |
| Market cap | $3.9B | $10.1B |
| P/E (trailing) | 20.5 | 34.9 |
| Dividend yield | 2.19% | 4.26% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | OLED | SWKS |
|---|---|---|
| 2022 | -33.9% | -39.9% |
| 2023 | +78.6% | +26.5% |
| 2024 | -22.9% | -18.9% |
| 2025 | -19.1% | -25.5% |
| 2026 | -26.6% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLED and SWKS good diversifiers for each other?
To a limited degree. At 0.63 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 OLED and SWKS?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.63 over the last year and 0.64 over 5 years.
Is SWKS a good diversifier for OLED?
To a limited degree. At 0.63 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 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: OLED correlations · SWKS correlations
