SILC vs XRX: Correlation
Silicom Ltd (SILC) and Xerox Holdings Corporation (XRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SILC and XRX?
Over the past 3 years, SILC and XRX moved with a correlation of 0.38, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.38 over 3 years. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 1622.6 %².
Among the 11 assets we track against SILC, XRX ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SILC outperformed by 213.1 percentage points (+193.1% for SILC against -20.0% for XRX).
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.
SILC vs XRX: side by side
| SILC (Silicom Ltd) | XRX (Xerox Holdings Corporation) | |
|---|---|---|
| 1-year return | +193.1% | -20.0% |
| 5-year return | +6.1% | -81.9% |
| Volatility (ann.) | 54.8% | 77.4% |
| Beta vs S&P 500 | 0.98 | 2.12 |
| Max drawdown (3Y) | -56.5% | -92.7% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 3.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SILC | XRX |
|---|---|---|
| 2022 | -18.3% | -31.3% |
| 2023 | -57.1% | +33.8% |
| 2024 | -9.9% | -49.8% |
| 2025 | -9.9% | -70.6% |
| 2026 | +224.0% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SILC and XRX good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SILC and XRX?
As of 2026-08-27, the correlation of weekly returns between SILC and XRX is 0.38 over 3 years, 0.54 over 1 year and 0.38 over 5 years.
Is XRX a good diversifier for SILC?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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: SILC correlations · XRX correlations
