QUIK vs SMH: Correlation
Measured on weekly returns over the past three years, QuickLogic Corporation (QUIK) and VanEck Semiconductor ETF (SMH) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUIK and SMH?
Over the past 3 years, QUIK and SMH moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 1251.6 %².
SMH is one of the assets that tracks QUIK most closely: it ranks #2 out of the 12 assets we track against QUIK. Correlation aside, the last 12 months split them widely, with QUIK ahead by 15.0 points (+108.1% versus +93.1%). Note the risk asymmetry: QUIK runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
QUIK vs SMH: side by side
| QUIK (QuickLogic Corporation) | SMH (VanEck Semiconductor ETF) | |
|---|---|---|
| 1-year return | +108.1% | +93.1% |
| 5-year return | +89.6% | +332.8% |
| Volatility (ann.) | 66.7% | 33.7% |
| Beta vs S&P 500 | 1.92 | 1.91 |
| Max drawdown (3Y) | -76.9% | -35.7% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | QUIK | SMH |
|---|---|---|
| 2022 | +0.6% | -33.5% |
| 2023 | +169.6% | +73.4% |
| 2024 | -18.5% | +39.1% |
| 2025 | -46.8% | +49.2% |
| 2026 | +88.4% | +59.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUIK and SMH good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QUIK and SMH?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.62 over the last year and 0.52 over 5 years.
Is SMH a good diversifier for QUIK?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/quik-vs-smh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/quik-vs-smh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QUIK correlations · SMH correlations
