SWKS vs SYNA: Correlation
Skyworks Solutions (SWKS) and Synaptics Incorporated (SYNA) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWKS and SYNA?
Over the past 3 years, SWKS and SYNA moved with a correlation of 0.60, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.60 over 3 years. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 1186.1 %².
SYNA is one of the assets that tracks SWKS most closely: it ranks #3 out of the 36 assets we track against SWKS. Correlation aside, the last 12 months split them widely, with SYNA ahead by 46.5 points (-8.7% 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.
SWKS vs SYNA: side by side
| SWKS (Skyworks Solutions) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | -8.7% | +37.8% |
| 5-year return | -58.3% | -48.2% |
| Volatility (ann.) | 40.0% | 49.6% |
| Beta vs S&P 500 | 1.43 | 2.15 |
| Max drawdown (3Y) | -58.2% | -64.2% |
| Market cap | $10.1B | $3.8B |
| P/E (trailing) | 34.9 | – |
| Dividend yield | 4.26% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | SWKS | SYNA |
|---|---|---|
| 2022 | -39.9% | -67.1% |
| 2023 | +26.5% | +19.9% |
| 2024 | -18.9% | -33.1% |
| 2025 | -25.5% | -3.0% |
| 2026 | +8.4% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWKS and SYNA good diversifiers for each other?
Only partially. A correlation of 0.60 means SWKS 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 SWKS and SYNA?
As of 2026-08-27, the correlation of weekly returns between SWKS and SYNA is 0.60 over 3 years, 0.45 over 1 year and 0.60 over 5 years.
Is SYNA a good diversifier for SWKS?
Only partially. A correlation of 0.60 means SWKS 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 0.60 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: SWKS correlations · SYNA correlations
