QCOM vs SWKS: Correlation
Qualcomm (QCOM) and Skyworks Solutions (SWKS) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QCOM and SWKS?
On 3 years of weekly data the QCOM/SWKS correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.51 over 3. The 5-year figure is 0.55, and annualized covariance runs at 861.7 %².
Within QCOM's tracked universe of 41 assets, SWKS comes in at #23 by 3-year correlation. The trailing year gives QCOM the advantage: +5.3% versus -8.7%, a 14.0-point spread. The rolling one-year correlation moved between 0.34 and 0.78 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 SWKS: side by side
| QCOM (Qualcomm) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +5.3% | -8.7% |
| 5-year return | +25.8% | -58.3% |
| Volatility (ann.) | 42.4% | 40.0% |
| Beta vs S&P 500 | 1.77 | 1.43 |
| Max drawdown (3Y) | -44.2% | -58.2% |
| Market cap | $176.0B | $10.1B |
| P/E (trailing) | 18.9 | 34.9 |
| Dividend yield | 2.19% | 4.26% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | QCOM | SWKS |
|---|---|---|
| 2022 | -38.6% | -39.9% |
| 2023 | +35.1% | +26.5% |
| 2024 | +8.3% | -18.9% |
| 2025 | +13.8% | -25.5% |
| 2026 | -2.7% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QCOM and SWKS good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QCOM and SWKS?
As of 2026-08-27, the correlation of weekly returns between QCOM and SWKS is 0.51 over 3 years, 0.49 over 1 year and 0.55 over 5 years.
Is SWKS a good diversifier for QCOM?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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: QCOM correlations · SWKS correlations
