QCOM vs SOXX: Correlation
Qualcomm (QCOM) and iShares Semiconductor ETF (SOXX) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QCOM and SOXX?
Over the past 3 years, QCOM and SOXX moved with a correlation of 0.71, which is strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 1054.5 %².
In QCOM's tracked universe of 41 assets, SOXX sits right near the top at #2. The last year tells two different stories: SOXX led by 104.7 percentage points, +5.3% for QCOM against +110.0% for SOXX. The rolling one-year correlation moved between 0.53 and 0.87 over the past three years, a moderate range.
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.
QCOM vs SOXX: side by side
| QCOM (Qualcomm) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +5.3% | +110.0% |
| 5-year return | +25.8% | +247.5% |
| Volatility (ann.) | 42.4% | 35.2% |
| Beta vs S&P 500 | 1.77 | 1.93 |
| Max drawdown (3Y) | -44.2% | -41.4% |
| Market cap | $176.0B | – |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 2.19% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | Information Technology | 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 | QCOM | SOXX |
|---|---|---|
| 2022 | -38.6% | -35.1% |
| 2023 | +35.1% | +67.1% |
| 2024 | +8.3% | +12.9% |
| 2025 | +13.8% | +40.7% |
| 2026 | -2.7% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 2.91% of SOXX is QCOM itself, so the fund partly moves with the stock by construction.
Are QCOM and SOXX good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QCOM and SOXX?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.64 over the last year and 0.73 over 5 years.
Is SOXX a good diversifier for QCOM?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qcom-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qcom-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QCOM correlations · SOXX correlations
