SNPS vs SOXX: Correlation
Synopsys (SNPS) and iShares Semiconductor ETF (SOXX) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNPS and SOXX?
Over the past 3 years, SNPS and SOXX moved with a correlation of 0.54, which is moderate. The past 12 months show a weaker link (0.35) than the 3-year average (0.54). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 796.0 %².
By 3-year correlation, SOXX places #10 of the 33 assets tracked against SNPS. The last year tells two different stories: SOXX led by 132.9 percentage points, -22.9% for SNPS against +110.0% for SOXX. This link changes with the market regime, having swung between 0.28 and 0.85 on a rolling one-year basis.
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.
SNPS vs SOXX: side by side
| SNPS (Synopsys) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | -22.9% | +110.0% |
| 5-year return | +39.1% | +247.5% |
| Volatility (ann.) | 42.2% | 35.2% |
| Beta vs S&P 500 | 1.57 | 1.93 |
| Max drawdown (3Y) | -42.3% | -41.4% |
| Market cap | $89.1B | – |
| P/E (trailing) | 71.4 | – |
| Dividend yield | 0.00% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | Information Technology | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | SNPS | SOXX |
|---|---|---|
| 2022 | -13.4% | -35.1% |
| 2023 | +61.3% | +67.1% |
| 2024 | -5.7% | +12.9% |
| 2025 | -3.2% | +40.7% |
| 2026 | -1.0% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNPS and SOXX good diversifiers for each other?
Only partially. A correlation of 0.54 means SNPS and SOXX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SNPS and SOXX?
The SNPS/SOXX correlation stands at 0.54 on a 3-year window (1 year: 0.35, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is SOXX a good diversifier for SNPS?
Only partially. A correlation of 0.54 means SNPS and SOXX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/snps-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/snps-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SNPS correlations · SOXX correlations
