SWKS vs VXX: Correlation
Measured on weekly returns over the past three years, Skyworks Solutions (SWKS) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.42, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWKS and VXX?
Across a 3-year window, the weekly returns of SWKS and VXX correlate at -0.42, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Stretching to 5 years gives -0.43, with an annualized covariance of -1031.9 %².
Out of 36 assets tracked against SWKS, VXX lands near the bottom at #36. The last year tells two different stories: SWKS led by 41.0 percentage points, -8.7% for SWKS against -49.7% for VXX. Risk is not evenly split, since VXX carries 1.5 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.
SWKS vs VXX: side by side
| SWKS (Skyworks Solutions) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | -8.7% | -49.7% |
| 5-year return | -58.3% | -95.6% |
| Volatility (ann.) | 40.0% | 60.9% |
| Beta vs S&P 500 | 1.43 | -3.31 |
| Max drawdown (3Y) | -58.2% | -83.3% |
| Market cap | $10.1B | – |
| P/E (trailing) | 34.9 | – |
| Dividend yield | 4.26% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | SWKS | VXX |
|---|---|---|
| 2022 | -39.9% | -23.8% |
| 2023 | +26.5% | -72.5% |
| 2024 | -18.9% | -26.2% |
| 2025 | -25.5% | -42.2% |
| 2026 | +8.4% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWKS and VXX good diversifiers for each other?
Yes. With a correlation of -0.42, SWKS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SWKS and VXX?
Using weekly returns as of 2026-08-27: -0.42 over 3 years, with -0.35 over the last year and -0.43 over 5 years.
Is VXX a good diversifier for SWKS?
Yes. With a correlation of -0.42, SWKS and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.42 mean?
On the −1 to +1 scale, -0.42 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/swks-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/swks-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SWKS correlations · VXX correlations
