SOXX vs SYNA: Correlation
How closely do iShares Semiconductor ETF (SOXX) and Synaptics Incorporated (SYNA) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOXX and SYNA?
On 3 years of weekly data the SOXX/SYNA correlation comes out at 0.75, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.75 over 3. The 5-year figure is 0.78, and annualized covariance runs at 1301.9 %².
Among the 127 assets we track against SOXX, SYNA ranks #31 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SOXX ahead by 72.2 points (+110.0% 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.
SOXX vs SYNA: side by side
| SOXX (iShares Semiconductor ETF) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +110.0% | +37.8% |
| 5-year return | +247.5% | -48.2% |
| Volatility (ann.) | 35.2% | 49.6% |
| Beta vs S&P 500 | 1.93 | 2.15 |
| Max drawdown (3Y) | -41.4% | -64.2% |
| Market cap | – | $3.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.29% | 0.00% |
| Expense ratio | 0.33% | – |
| Assets under management | $44.7B | – |
| Sector / category | ETF · Thematic | US Listed |
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 | SYNA |
|---|---|---|
| 2022 | -35.1% | -67.1% |
| 2023 | +67.1% | +19.9% |
| 2024 | +12.9% | -33.1% |
| 2025 | +40.7% | -3.0% |
| 2026 | +74.7% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOXX and SYNA good diversifiers for each other?
Only partially. A correlation of 0.75 means SOXX and SYNA 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 SOXX and SYNA?
The SOXX/SYNA correlation stands at 0.75 on a 3-year window (1 year: 0.74, 5 years: 0.78), computed from weekly returns as of 2026-08-27.
Is SYNA a good diversifier for SOXX?
Only partially. A correlation of 0.75 means SOXX and SYNA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 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.
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Related comparisons
Hubs: SOXX correlations · SYNA correlations
