SMH vs SYNA: Correlation
Measured on weekly returns over the past three years, VanEck Semiconductor ETF (SMH) and Synaptics Incorporated (SYNA) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMH and SYNA?
Across a 3-year window, the weekly returns of SMH and SYNA correlate at 0.70, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. Stretching to 5 years gives 0.75, with an annualized covariance of 1170.1 %².
By 3-year correlation, SYNA places #34 of the 88 assets tracked against SMH. Correlation aside, the last 12 months split them widely, with SMH ahead by 55.3 points (+93.1% versus +37.8%).
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.
SMH vs SYNA: side by side
| SMH (VanEck Semiconductor ETF) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +93.1% | +37.8% |
| 5-year return | +332.8% | -48.2% |
| Volatility (ann.) | 33.7% | 49.6% |
| Beta vs S&P 500 | 1.91 | 2.15 |
| Max drawdown (3Y) | -35.7% | -64.2% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | SMH | SYNA |
|---|---|---|
| 2022 | -33.5% | -67.1% |
| 2023 | +73.4% | +19.9% |
| 2024 | +39.1% | -33.1% |
| 2025 | +49.2% | -3.0% |
| 2026 | +59.1% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMH and SYNA good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SMH and SYNA?
As of 2026-08-27, the correlation of weekly returns between SMH and SYNA is 0.70 over 3 years, 0.73 over 1 year and 0.75 over 5 years.
Is SYNA a good diversifier for SMH?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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: SMH correlations · SYNA correlations
