PPC vs SOXX: Correlation
Measured on weekly returns over the past three years, Pilgrim's Pride Corporation (PPC) and iShares Semiconductor ETF (SOXX) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPC and SOXX?
Across a 3-year window, the weekly returns of PPC and SOXX correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.20). Stretching to 5 years gives -0.02, with an annualized covariance of -213.1 %².
By 3-year correlation, SOXX places #12 of the 23 assets tracked against PPC. The last year tells two different stories: SOXX led by 140.8 percentage points, -30.8% for PPC against +110.0% for SOXX.
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.
PPC vs SOXX: side by side
| PPC (Pilgrim's Pride Corporation) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | -30.8% | +110.0% |
| 5-year return | +32.4% | +247.5% |
| Volatility (ann.) | 30.3% | 35.2% |
| Beta vs S&P 500 | -0.17 | 1.93 |
| Max drawdown (3Y) | -49.2% | -41.4% |
| Market cap | $7.4B | – |
| P/E (trailing) | 13.6 | – |
| 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 | PPC | SOXX |
|---|---|---|
| 2022 | -15.9% | -35.1% |
| 2023 | +16.6% | +67.1% |
| 2024 | +64.1% | +12.9% |
| 2025 | +1.4% | +40.7% |
| 2026 | -20.2% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPC and SOXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between PPC and SOXX?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.34 over the last year and -0.02 over 5 years.
Is SOXX a good diversifier for PPC?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/ppc-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ppc-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PPC correlations · SOXX correlations
