PM vs SWKS: Correlation
Measured on weekly returns over the past three years, Philip Morris International (PM) and Skyworks Solutions (SWKS) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PM and SWKS?
On 3 years of weekly data the PM/SWKS correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.12 lands near the 3-year figure. The 5-year figure is 0.03, and annualized covariance runs at -134.6 %².
Among the 47 assets we track against PM, SWKS ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PM ahead by 28.9 points (+20.2% versus -8.7%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.44 to 0.39. One caveat on sizing: SWKS is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PM vs SWKS: side by side
| PM (Philip Morris International) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +20.2% | -8.7% |
| 5-year return | +133.5% | -58.3% |
| Volatility (ann.) | 23.1% | 40.0% |
| Beta vs S&P 500 | -0.01 | 1.43 |
| Max drawdown (3Y) | -20.6% | -58.2% |
| Market cap | $296.9B | $10.1B |
| P/E (trailing) | 26.7 | 34.9 |
| Dividend yield | 3.03% | 4.26% |
| Sector / category | Consumer Staples | Information Technology |
Year-by-year returns
| Year | PM | SWKS |
|---|---|---|
| 2022 | +12.3% | -39.9% |
| 2023 | -1.9% | +26.5% |
| 2024 | +34.3% | -18.9% |
| 2025 | +38.0% | -25.5% |
| 2026 | +20.8% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PM and SWKS good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PM and SWKS?
As of 2026-08-27, the correlation of weekly returns between PM and SWKS is -0.15 over 3 years, -0.12 over 1 year and 0.03 over 5 years.
Is SWKS a good diversifier for PM?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 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.
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Related comparisons
Hubs: PM correlations · SWKS correlations
