ADI vs MPWR: Correlation
Analog Devices (ADI) and Monolithic Power Systems (MPWR) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and MPWR?
Across a 3-year window, the weekly returns of ADI and MPWR correlate at 0.62, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 976.4 %².
By 3-year correlation, MPWR places #25 of the 51 assets tracked against ADI. Neither side won the trailing year by much: +48.6% against +52.4%. The rolling one-year correlation moved between 0.40 and 0.72 over the past three years, a moderate range.
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 MPWR: side by side
| ADI (Analog Devices) | MPWR (Monolithic Power Systems) | |
|---|---|---|
| 1-year return | +48.6% | +52.4% |
| 5-year return | +143.1% | +170.3% |
| Volatility (ann.) | 32.6% | 48.1% |
| Beta vs S&P 500 | 1.56 | 2.22 |
| Max drawdown (3Y) | -32.2% | -51.6% |
| Market cap | $181.5B | $64.4B |
| P/E (trailing) | 44.6 | 79.4 |
| Dividend yield | 1.15% | 0.55% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADI | MPWR |
|---|---|---|
| 2022 | -4.9% | -27.8% |
| 2023 | +23.4% | +79.8% |
| 2024 | +8.8% | -5.6% |
| 2025 | +29.8% | +54.5% |
| 2026 | +38.9% | +45.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and MPWR good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADI and MPWR?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.61 over the last year and 0.62 over 5 years.
Is MPWR a good diversifier for ADI?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adi-vs-mpwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adi-vs-mpwr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADI correlations · MPWR correlations
