PENG vs SYNA: Correlation
Penguin Solutions, Inc. (PENG) and Synaptics Incorporated (SYNA) 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 PENG and SYNA?
On 3 years of weekly data the PENG/SYNA correlation comes out at 0.58, moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.58). The 5-year figure is 0.58, and annualized covariance runs at 2037.7 %².
By 3-year correlation, SYNA places #5 of the 10 assets tracked against PENG. The last year tells two different stories: PENG led by 78.4 percentage points, +116.2% for PENG against +37.8% for SYNA.
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 SYNA: side by side
| PENG (Penguin Solutions, Inc.) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +116.2% | +37.8% |
| 5-year return | +118.5% | -48.2% |
| Volatility (ann.) | 71.5% | 49.6% |
| Beta vs S&P 500 | 2.57 | 2.15 |
| Max drawdown (3Y) | -50.5% | -64.2% |
| Market cap | $2.7B | $3.8B |
| P/E (trailing) | 37.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PENG | SYNA |
|---|---|---|
| 2022 | -58.1% | -67.1% |
| 2023 | +27.2% | +19.9% |
| 2024 | +1.4% | -33.1% |
| 2025 | +1.9% | -3.0% |
| 2026 | +168.1% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PENG and SYNA 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 PENG and SYNA?
As of 2026-08-27, the correlation of weekly returns between PENG and SYNA is 0.58 over 3 years, 0.72 over 1 year and 0.58 over 5 years.
Is SYNA a good diversifier for PENG?
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?
On the −1 to +1 scale, 0.58 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.
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Related comparisons
Hubs: PENG correlations · SYNA correlations
