QRVO vs SOXX: Correlation
How closely do Qorvo, Inc. (QRVO) and iShares Semiconductor ETF (SOXX) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QRVO and SOXX?
Over the past 3 years, QRVO and SOXX moved with a correlation of 0.59, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.44 versus 0.59 over 3 years. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 854.6 %².
Within QRVO's tracked universe of 14 assets, SOXX comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SOXX outperformed by 105.4 percentage points (+4.6% for QRVO 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.
QRVO vs SOXX: side by side
| QRVO (Qorvo, Inc.) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +4.6% | +110.0% |
| 5-year return | -49.6% | +247.5% |
| Volatility (ann.) | 41.4% | 35.2% |
| Beta vs S&P 500 | 1.53 | 1.93 |
| Max drawdown (3Y) | -60.7% | -41.4% |
| Market cap | $8.5B | – |
| P/E (trailing) | 22.1 | – |
| 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 | QRVO | SOXX |
|---|---|---|
| 2022 | -42.0% | -35.1% |
| 2023 | +24.2% | +67.1% |
| 2024 | -37.9% | +12.9% |
| 2025 | +20.8% | +40.7% |
| 2026 | +13.8% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QRVO and SOXX good diversifiers for each other?
Only partially. A correlation of 0.59 means QRVO and SOXX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QRVO and SOXX?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.44 over the last year and 0.64 over 5 years.
Is SOXX a good diversifier for QRVO?
Only partially. A correlation of 0.59 means QRVO and SOXX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/qrvo-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qrvo-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QRVO correlations · SOXX correlations
