SYNA vs TXN: Correlation
How closely do Synaptics Incorporated (SYNA) and Texas Instruments (TXN) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYNA and TXN?
Across a 3-year window, the weekly returns of SYNA and TXN correlate at 0.66, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 1118.0 %².
By 3-year correlation, TXN places #8 of the 32 assets tracked against SYNA. Twelve-month performance is nearly a tie, at +37.8% for SYNA and +33.1% for TXN.
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.
SYNA vs TXN: side by side
| SYNA (Synaptics Incorporated) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | +37.8% | +33.1% |
| 5-year return | -48.2% | +60.4% |
| Volatility (ann.) | 49.6% | 34.3% |
| Beta vs S&P 500 | 2.15 | 1.28 |
| Max drawdown (3Y) | -64.2% | -33.4% |
| Market cap | $3.8B | $243.4B |
| P/E (trailing) | – | 40.6 |
| Dividend yield | 0.00% | 2.15% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | SYNA | TXN |
|---|---|---|
| 2022 | -67.1% | -9.9% |
| 2023 | +19.9% | +6.4% |
| 2024 | -33.1% | +13.1% |
| 2025 | -3.0% | -4.5% |
| 2026 | +31.8% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SYNA and TXN good diversifiers for each other?
Only partially. A correlation of 0.66 means SYNA and TXN 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 SYNA and TXN?
The SYNA/TXN correlation stands at 0.66 on a 3-year window (1 year: 0.62, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is TXN a good diversifier for SYNA?
Only partially. A correlation of 0.66 means SYNA and TXN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SYNA correlations · TXN correlations
