ON vs VSH: Correlation
ON Semiconductor (ON) and Vishay Intertechnology, Inc. (VSH) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ON and VSH?
Over the past 3 years, ON and VSH moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 1485.2 %².
By 3-year correlation, VSH places #13 of the 29 assets tracked against ON. The last year tells two different stories: VSH led by 62.6 percentage points, +46.0% for ON against +108.6% for VSH.
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 VSH: side by side
| ON (ON Semiconductor) | VSH (Vishay Intertechnology, Inc.) | |
|---|---|---|
| 1-year return | +46.0% | +108.6% |
| 5-year return | +65.2% | +55.5% |
| Volatility (ann.) | 49.2% | 51.7% |
| Beta vs S&P 500 | 1.61 | 1.86 |
| Max drawdown (3Y) | -67.9% | -60.4% |
| Market cap | $29.1B | $4.9B |
| P/E (trailing) | 47.9 | 151.1 |
| Dividend yield | 0.00% | 1.30% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ON | VSH |
|---|---|---|
| 2022 | -8.2% | +0.7% |
| 2023 | +33.9% | +13.0% |
| 2024 | -24.5% | -27.9% |
| 2025 | -14.1% | -12.2% |
| 2026 | +38.1% | +120.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ON and VSH good diversifiers for each other?
To a limited degree. At 0.58 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 VSH?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.57 over the last year and 0.58 over 5 years.
Is VSH a good diversifier for ON?
To a limited degree. At 0.58 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 0.58 mean?
A reading of 0.58 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
$ curl https://www.pairbook.io/api/v1/pairs/on-vs-vsh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/on-vs-vsh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ON correlations · VSH correlations
