ROK vs SYNA: Correlation
Rockwell Automation (ROK) and Synaptics Incorporated (SYNA) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROK and SYNA?
On 3 years of weekly data the ROK/SYNA correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 751.8 %².
By 3-year correlation, SYNA places #14 of the 37 assets tracked against ROK. Over the last 12 months SYNA came out ahead by 12.1 percentage points (+25.7% against +37.8%). Note the risk asymmetry: SYNA runs 1.8 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.
ROK vs SYNA: side by side
| ROK (Rockwell Automation) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +25.7% | +37.8% |
| 5-year return | +44.9% | -48.2% |
| Volatility (ann.) | 27.9% | 49.6% |
| Beta vs S&P 500 | 0.97 | 2.15 |
| Max drawdown (3Y) | -29.0% | -64.2% |
| Market cap | $48.2B | $3.8B |
| P/E (trailing) | 40.6 | – |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ROK | SYNA |
|---|---|---|
| 2022 | -24.8% | -67.1% |
| 2023 | +22.6% | +19.9% |
| 2024 | -6.2% | -33.1% |
| 2025 | +38.4% | -3.0% |
| 2026 | +12.4% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROK and SYNA good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ROK and SYNA?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.49 over the last year and 0.55 over 5 years.
Is SYNA a good diversifier for ROK?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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
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Related comparisons
Hubs: ROK correlations · SYNA correlations
