SWKS vs VXZ: Correlation
Skyworks Solutions (SWKS) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SWKS and VXZ?
Across a 3-year window, the weekly returns of SWKS and VXZ correlate at -0.36, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Stretching to 5 years gives -0.43, with an annualized covariance of -363.6 %².
VXZ is close to the least connected end of SWKS's tracked universe, ranking #34 of 36. Over the last 12 months SWKS came out ahead by 7.4 percentage points (-8.7% against -16.1%). Risk is not evenly split, since SWKS carries 1.6 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 VXZ: side by side
| SWKS (Skyworks Solutions) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -8.7% | -16.1% |
| 5-year return | -58.3% | -53.1% |
| Volatility (ann.) | 40.0% | 25.6% |
| Beta vs S&P 500 | 1.43 | -1.31 |
| Max drawdown (3Y) | -58.2% | -36.4% |
| Market cap | $10.1B | – |
| P/E (trailing) | 34.9 | – |
| Dividend yield | 4.26% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | SWKS | VXZ |
|---|---|---|
| 2022 | -39.9% | +0.5% |
| 2023 | +26.5% | -44.0% |
| 2024 | -18.9% | -12.7% |
| 2025 | -25.5% | +5.7% |
| 2026 | +8.4% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SWKS and VXZ good diversifiers for each other?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SWKS and VXZ?
Using weekly returns as of 2026-08-27: -0.36 over 3 years, with -0.26 over the last year and -0.43 over 5 years.
Is VXZ a good diversifier for SWKS?
Yes: at -0.36, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/swks-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SWKS correlations · VXZ correlations
