SNPS vs VOO: Correlation
Synopsys (SNPS) and Vanguard S&P 500 ETF (VOO) 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 VOO?
Across a 3-year window, the weekly returns of SNPS and VOO correlate at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.54 over 3 years. Stretching to 5 years gives 0.58, with an annualized covariance of 326.8 %².
By 3-year correlation, VOO places #12 of the 33 assets tracked against SNPS. The last year tells two different stories: VOO led by 43.5 percentage points, -22.9% for SNPS against +20.6% for VOO. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.28 to 0.81. Risk is not evenly split, since SNPS carries 2.9 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.
SNPS vs VOO: side by side
| SNPS (Synopsys) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | -22.9% | +20.6% |
| 5-year return | +39.1% | +83.0% |
| Volatility (ann.) | 42.2% | 14.4% |
| Beta vs S&P 500 | 1.57 | 0.99 |
| Max drawdown (3Y) | -42.3% | -18.7% |
| Market cap | $89.1B | – |
| P/E (trailing) | 71.4 | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Information Technology | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | SNPS | VOO |
|---|---|---|
| 2022 | -13.4% | -18.2% |
| 2023 | +61.3% | +26.3% |
| 2024 | -5.7% | +25.0% |
| 2025 | -3.2% | +17.8% |
| 2026 | -1.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VOO holds SNPS at a 0.12% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are SNPS and VOO good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SNPS and VOO?
The SNPS/VOO correlation stands at 0.54 on a 3-year window (1 year: 0.36, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is VOO a good diversifier for SNPS?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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: SNPS correlations · VOO correlations
