AMKR vs MCHP: Correlation
How closely do Amkor Technology, Inc. (AMKR) and Microchip Technology (MCHP) 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 AMKR and MCHP?
Over the past 3 years, AMKR and MCHP moved with a correlation of 0.66, which is strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.66 over 3. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 1767.4 %².
Within AMKR's tracked universe of 17 assets, MCHP comes in at #9 by 3-year correlation. The last year tells two different stories: AMKR led by 96.1 percentage points, +112.3% for AMKR against +16.2% for MCHP.
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.
AMKR vs MCHP: side by side
| AMKR (Amkor Technology, Inc.) | MCHP (Microchip Technology) | |
|---|---|---|
| 1-year return | +112.3% | +16.2% |
| 5-year return | +98.2% | +5.9% |
| Volatility (ann.) | 57.4% | 46.7% |
| Beta vs S&P 500 | 2.24 | 1.97 |
| Max drawdown (3Y) | -65.9% | -63.8% |
| Market cap | $12.9B | $41.0B |
| P/E (trailing) | 21.6 | 109.4 |
| Dividend yield | 0.69% | 2.46% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AMKR | MCHP |
|---|---|---|
| 2022 | -2.3% | -18.0% |
| 2023 | +40.3% | +30.9% |
| 2024 | -20.8% | -35.0% |
| 2025 | +55.9% | +14.6% |
| 2026 | +31.5% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMKR and MCHP good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMKR and MCHP?
As of 2026-08-27, the correlation of weekly returns between AMKR and MCHP is 0.66 over 3 years, 0.72 over 1 year and 0.68 over 5 years.
Is MCHP a good diversifier for AMKR?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 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/amkr-vs-mchp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amkr-vs-mchp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMKR correlations · MCHP correlations
