ON vs SYNA: Correlation
Measured on weekly returns over the past three years, ON Semiconductor (ON) and Synaptics Incorporated (SYNA) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ON and SYNA?
On 3 years of weekly data the ON/SYNA correlation comes out at 0.59, moderate. Recent behaviour matches the longer record: 0.64 over 1 year against 0.59 over 3. The 5-year figure is 0.65, and annualized covariance runs at 1448.2 %².
Within ON's tracked universe of 29 assets, SYNA comes in at #11 by 3-year correlation. The trailing year gives ON the advantage: +46.0% versus +37.8%, a 8.2-point spread.
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.
ON vs SYNA: side by side
| ON (ON Semiconductor) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +46.0% | +37.8% |
| 5-year return | +65.2% | -48.2% |
| Volatility (ann.) | 49.2% | 49.6% |
| Beta vs S&P 500 | 1.61 | 2.15 |
| Max drawdown (3Y) | -67.9% | -64.2% |
| Market cap | $29.1B | $3.8B |
| P/E (trailing) | 47.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ON | SYNA |
|---|---|---|
| 2022 | -8.2% | -67.1% |
| 2023 | +33.9% | +19.9% |
| 2024 | -24.5% | -33.1% |
| 2025 | -14.1% | -3.0% |
| 2026 | +38.1% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ON and SYNA good diversifiers for each other?
To a limited degree. At 0.59 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 ON and SYNA?
As of 2026-08-27, the correlation of weekly returns between ON and SYNA is 0.59 over 3 years, 0.64 over 1 year and 0.65 over 5 years.
Is SYNA a good diversifier for ON?
To a limited degree. At 0.59 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 0.59 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/on-vs-syna.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/on-vs-syna/)
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Related comparisons
Hubs: ON correlations · SYNA correlations
