PENG vs SOXX: Correlation
Measured on weekly returns over the past three years, Penguin Solutions, Inc. (PENG) and iShares Semiconductor ETF (SOXX) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PENG and SOXX?
Over the past 3 years, PENG and SOXX moved with a correlation of 0.64, which is strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.64 over 3. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 1598.4 %².
SOXX is one of the assets that tracks PENG most closely: it ranks #1 out of the 10 assets we track against PENG. The trailing year gives PENG the advantage: +116.2% versus +110.0%, a 6.2-point spread. Note the risk asymmetry: PENG runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PENG vs SOXX: side by side
| PENG (Penguin Solutions, Inc.) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +116.2% | +110.0% |
| 5-year return | +118.5% | +247.5% |
| Volatility (ann.) | 71.5% | 35.2% |
| Beta vs S&P 500 | 2.57 | 1.93 |
| Max drawdown (3Y) | -50.5% | -41.4% |
| Market cap | $2.7B | – |
| P/E (trailing) | 37.2 | – |
| Dividend yield | 0.00% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | US Listed | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | PENG | SOXX |
|---|---|---|
| 2022 | -58.1% | -35.1% |
| 2023 | +27.2% | +67.1% |
| 2024 | +1.4% | +12.9% |
| 2025 | +1.9% | +40.7% |
| 2026 | +168.1% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PENG and SOXX 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 PENG and SOXX?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.69 over the last year and 0.67 over 5 years.
Is SOXX a good diversifier for PENG?
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?
On the −1 to +1 scale, 0.64 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/peng-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/peng-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PENG correlations · SOXX correlations
