ADI vs MCHP: Correlation
Analog Devices (ADI) and Microchip Technology (MCHP) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and MCHP?
On 3 years of weekly data the ADI/MCHP correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.79 over 1 year against 0.85 over 3. The 5-year figure is 0.84, and annualized covariance runs at 1294.3 %².
MCHP is one of the assets that tracks ADI most closely: it ranks #1 out of the 51 assets we track against ADI. Correlation aside, the last 12 months split them widely, with ADI ahead by 32.4 points (+48.6% versus +16.2%). The rolling one-year correlation stayed in a tight band between 0.75 and 0.93 over the past three years, which points to a structural rather than episodic relationship.
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.
ADI vs MCHP: side by side
| ADI (Analog Devices) | MCHP (Microchip Technology) | |
|---|---|---|
| 1-year return | +48.6% | +16.2% |
| 5-year return | +143.1% | +5.9% |
| Volatility (ann.) | 32.6% | 46.7% |
| Beta vs S&P 500 | 1.56 | 1.97 |
| Max drawdown (3Y) | -32.2% | -63.8% |
| Market cap | $181.5B | $41.0B |
| P/E (trailing) | 44.6 | 109.4 |
| Dividend yield | 1.15% | 2.46% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADI | MCHP |
|---|---|---|
| 2022 | -4.9% | -18.0% |
| 2023 | +23.4% | +30.9% |
| 2024 | +8.8% | -35.0% |
| 2025 | +29.8% | +14.6% |
| 2026 | +38.9% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and MCHP good diversifiers for each other?
No: a correlation of 0.85 means ADI and MCHP tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ADI and MCHP?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.79 over the last year and 0.84 over 5 years.
Is MCHP a good diversifier for ADI?
No: a correlation of 0.85 means ADI and MCHP tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adi-vs-mchp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adi-vs-mchp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADI correlations · MCHP correlations
