AOSL vs MCHP: Correlation
Alpha and Omega Semiconductor Limited (AOSL) and Microchip Technology (MCHP) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOSL and MCHP?
Across a 3-year window, the weekly returns of AOSL and MCHP correlate at 0.56, moderate. Recent behaviour matches the longer record: 0.65 over 1 year against 0.56 over 3. Stretching to 5 years gives 0.60, with an annualized covariance of 1816.0 %².
By 3-year correlation, MCHP places #5 of the 16 assets tracked against AOSL. The last year tells two different stories: MCHP led by 27.6 percentage points, -11.4% for AOSL 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.
AOSL vs MCHP: side by side
| AOSL (Alpha and Omega Semiconductor Limited) | MCHP (Microchip Technology) | |
|---|---|---|
| 1-year return | -11.4% | +16.2% |
| 5-year return | -9.2% | +5.9% |
| Volatility (ann.) | 69.3% | 46.7% |
| Beta vs S&P 500 | 2.34 | 1.97 |
| Max drawdown (3Y) | -66.9% | -63.8% |
| Market cap | $0.8B | $41.0B |
| P/E (trailing) | – | 109.4 |
| Dividend yield | 0.00% | 2.46% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AOSL | MCHP |
|---|---|---|
| 2022 | -52.8% | -18.0% |
| 2023 | -8.8% | +30.9% |
| 2024 | +42.1% | -35.0% |
| 2025 | -46.5% | +14.6% |
| 2026 | +32.4% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOSL and MCHP good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AOSL and MCHP?
As of 2026-08-27, the correlation of weekly returns between AOSL and MCHP is 0.56 over 3 years, 0.65 over 1 year and 0.60 over 5 years.
Is MCHP a good diversifier for AOSL?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/aosl-vs-mchp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aosl-vs-mchp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AOSL correlations · MCHP correlations
