SLAB vs TPR: Correlation
How closely do Silicon Laboratories, Inc. (SLAB) and Tapestry, Inc. (TPR) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLAB and TPR?
Across a 3-year window, the weekly returns of SLAB and TPR correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 893.1 %².
By 3-year correlation, TPR places #7 of the 16 assets tracked against SLAB. Correlation aside, the last 12 months split them widely, with SLAB ahead by 33.2 points (+56.8% versus +23.6%).
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.
SLAB vs TPR: side by side
| SLAB (Silicon Laboratories, Inc.) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | +56.8% | +23.6% |
| 5-year return | +36.7% | +240.1% |
| Volatility (ann.) | 48.6% | 37.8% |
| Beta vs S&P 500 | 1.40 | 1.05 |
| Max drawdown (3Y) | -45.7% | -31.8% |
| Market cap | $7.3B | $24.6B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | SLAB | TPR |
|---|---|---|
| 2022 | -34.3% | -3.3% |
| 2023 | -2.5% | +0.2% |
| 2024 | -6.1% | +82.8% |
| 2025 | +5.2% | +98.7% |
| 2026 | +67.5% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLAB and TPR good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SLAB and TPR?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.59 over the last year and 0.50 over 5 years.
Is TPR a good diversifier for SLAB?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/slab-vs-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/slab-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SLAB correlations · TPR correlations
