QRVO vs SWKS: Correlation
Measured on weekly returns over the past three years, Qorvo, Inc. (QRVO) and Skyworks Solutions (SWKS) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QRVO and SWKS?
Across a 3-year window, the weekly returns of QRVO and SWKS correlate at 0.82, very strong, meaning they move nearly in lockstep. The past 12 months show a tighter link (0.96) than the 3-year average (0.82). Stretching to 5 years gives 0.82, with an annualized covariance of 1363.4 %².
In QRVO's tracked universe of 14 assets, SWKS sits right near the top at #1. The trailing year gives QRVO the advantage: +4.6% versus -8.7%, a 13.3-point spread.
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 SWKS: side by side
| QRVO (Qorvo, Inc.) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +4.6% | -8.7% |
| 5-year return | -49.6% | -58.3% |
| Volatility (ann.) | 41.4% | 40.0% |
| Beta vs S&P 500 | 1.53 | 1.43 |
| Max drawdown (3Y) | -60.7% | -58.2% |
| Market cap | $8.5B | $10.1B |
| P/E (trailing) | 22.1 | 34.9 |
| Dividend yield | 0.00% | 4.26% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | QRVO | SWKS |
|---|---|---|
| 2022 | -42.0% | -39.9% |
| 2023 | +24.2% | +26.5% |
| 2024 | -37.9% | -18.9% |
| 2025 | +20.8% | -25.5% |
| 2026 | +13.8% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QRVO and SWKS good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between QRVO and SWKS?
The QRVO/SWKS correlation stands at 0.82 on a 3-year window (1 year: 0.96, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is SWKS a good diversifier for QRVO?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 mean?
A reading of 0.82 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QRVO correlations · SWKS correlations
