SEGG vs SWKS: Correlation
Sports Entertainment Gaming Global Corporation (SEGG) and Skyworks Solutions (SWKS) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SEGG and SWKS?
On 3 years of weekly data the SEGG/SWKS correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.11) than the 3-year average (-0.17). The 5-year figure is n/a, and annualized covariance runs at -2641.7 %².
Among the 29 assets we track against SEGG, SWKS ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SWKS outperformed by 48.1 percentage points (-56.8% for SEGG against -8.7% for SWKS). Risk is not evenly split, since SEGG carries 9.7 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.
SEGG vs SWKS: side by side
| SEGG (Sports Entertainment Gaming Global Corporation) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | -56.8% | -8.7% |
| 5-year return | n/a | -58.3% |
| Volatility (ann.) | 389.2% | 40.0% |
| Beta vs S&P 500 | 0.24 | 1.43 |
| Max drawdown (3Y) | -98.9% | -58.2% |
| Market cap | – | $10.1B |
| P/E (trailing) | – | 34.9 |
| Dividend yield | 0.00% | 4.26% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | SEGG | SWKS |
|---|---|---|
| 2022 | – | -39.9% |
| 2023 | – | +26.5% |
| 2024 | -82.1% | -18.9% |
| 2025 | -84.9% | -25.5% |
| 2026 | +274.0% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SEGG and SWKS good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SEGG and SWKS?
The SEGG/SWKS correlation stands at -0.17 on a 3-year window (1 year: 0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SWKS a good diversifier for SEGG?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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: SEGG correlations · SWKS correlations
