SOXX vs VECO: Correlation
iShares Semiconductor ETF (SOXX) and Veeco Instruments Inc. (VECO) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOXX and VECO?
Over the past 3 years, SOXX and VECO moved with a correlation of 0.74, which is strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.74 over 3. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 1279.7 %².
By 3-year correlation, VECO places #33 of the 127 assets tracked against SOXX. Over the last 12 months SOXX came out ahead by 14.4 percentage points (+110.0% against +95.6%).
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 VECO: side by side
| SOXX (iShares Semiconductor ETF) | VECO (Veeco Instruments Inc.) | |
|---|---|---|
| 1-year return | +110.0% | +95.6% |
| 5-year return | +247.5% | +105.2% |
| Volatility (ann.) | 35.2% | 49.1% |
| Beta vs S&P 500 | 1.93 | 1.57 |
| Max drawdown (3Y) | -41.4% | -64.2% |
| Market cap | – | $2.9B |
| P/E (trailing) | – | 120.4 |
| Dividend yield | 0.29% | 0.00% |
| Expense ratio | 0.33% | – |
| Assets under management | $44.7B | – |
| Sector / category | ETF · Thematic | US Listed |
SOXX, iShares's Technology fund, carries $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | SOXX | VECO |
|---|---|---|
| 2022 | -35.1% | -34.7% |
| 2023 | +67.1% | +67.0% |
| 2024 | +12.9% | -13.6% |
| 2025 | +40.7% | +6.6% |
| 2026 | +74.7% | +64.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOXX and VECO good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SOXX and VECO?
As of 2026-08-27, the correlation of weekly returns between SOXX and VECO is 0.74 over 3 years, 0.67 over 1 year and 0.73 over 5 years.
Is VECO a good diversifier for SOXX?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
A reading of 0.74 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-veco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/soxx-vs-veco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SOXX correlations · VECO correlations
