RPID vs SWKS: Correlation
How closely do Rapid Micro Biosystems, Inc. (RPID) and Skyworks Solutions (SWKS) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RPID and SWKS?
Over the past 3 years, RPID and SWKS moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -749.3 %².
Among the 10 assets we track against RPID, SWKS sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with SWKS ahead by 28.4 points (-37.1% versus -8.7%). Risk is not evenly split, since RPID carries 2.1 times the volatility of the other side.
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.
RPID vs SWKS: side by side
| RPID (Rapid Micro Biosystems, Inc.) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | -37.1% | -8.7% |
| 5-year return | -92.2% | -58.3% |
| Volatility (ann.) | 85.8% | 40.0% |
| Beta vs S&P 500 | 0.88 | 1.43 |
| Max drawdown (3Y) | -66.9% | -58.2% |
| Market cap | $0.1B | $10.1B |
| P/E (trailing) | – | 34.9 |
| Dividend yield | 0.00% | 4.26% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | RPID | SWKS |
|---|---|---|
| 2022 | -89.4% | -39.9% |
| 2023 | -34.5% | +26.5% |
| 2024 | +21.6% | -18.9% |
| 2025 | +222.2% | -25.5% |
| 2026 | -44.5% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RPID and SWKS good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RPID and SWKS?
The RPID/SWKS correlation stands at -0.22 on a 3-year window (1 year: -0.14, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is SWKS a good diversifier for RPID?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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: RPID correlations · SWKS correlations
