SOXX vs SWKS: Correlation
iShares Semiconductor ETF (SOXX) and Skyworks Solutions (SWKS) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOXX and SWKS?
On 3 years of weekly data the SOXX/SWKS correlation comes out at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.57 over 3 years. The 5-year figure is 0.65, and annualized covariance runs at 803.6 %².
Among the 127 assets we track against SOXX, SWKS ranks #92 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SOXX ahead by 118.7 points (+110.0% versus -8.7%). On a rolling one-year basis the correlation drifted between 0.44 and 0.81, a moderate band.
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.
SOXX vs SWKS: side by side
| SOXX (iShares Semiconductor ETF) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +110.0% | -8.7% |
| 5-year return | +247.5% | -58.3% |
| Volatility (ann.) | 35.2% | 40.0% |
| Beta vs S&P 500 | 1.93 | 1.43 |
| Max drawdown (3Y) | -41.4% | -58.2% |
| Market cap | – | $10.1B |
| P/E (trailing) | – | 34.9 |
| Dividend yield | 0.29% | 4.26% |
| Expense ratio | 0.33% | – |
| Assets under management | $44.7B | – |
| Sector / category | ETF · Thematic | Information Technology |
SOXX is a Technology fund from iShares: $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | SOXX | SWKS |
|---|---|---|
| 2022 | -35.1% | -39.9% |
| 2023 | +67.1% | +26.5% |
| 2024 | +12.9% | -18.9% |
| 2025 | +40.7% | -25.5% |
| 2026 | +74.7% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that SOXX holds SWKS at a 0.55% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are SOXX and SWKS good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SOXX and SWKS?
The SOXX/SWKS correlation stands at 0.57 on a 3-year window (1 year: 0.45, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is SWKS a good diversifier for SOXX?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 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/soxx-vs-swks.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/soxx-vs-swks/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SOXX correlations · SWKS correlations
