APH vs MSI: Correlation
Amphenol (APH) and Motorola Solutions (MSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and MSI?
On 3 years of weekly data the APH/MSI correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.40 over 3. The 5-year figure is 0.48, and annualized covariance runs at 296.7 %².
By 3-year correlation, MSI places #28 of the 38 assets tracked against APH. Correlation aside, the last 12 months split them widely, with APH ahead by 41.6 points (+47.5% versus +5.9%). Across three years, the rolling one-year figure varied moderately, from 0.23 to 0.59. Risk is not evenly split, since APH carries 1.5 times the volatility of the other side.
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.
APH vs MSI: side by side
| APH (Amphenol) | MSI (Motorola Solutions) | |
|---|---|---|
| 1-year return | +47.5% | +5.9% |
| 5-year return | +338.9% | +111.1% |
| Volatility (ann.) | 33.6% | 22.1% |
| Beta vs S&P 500 | 1.57 | 0.61 |
| Max drawdown (3Y) | -28.2% | -27.0% |
| Market cap | $199.0B | $80.5B |
| P/E (trailing) | 40.3 | 38.5 |
| Dividend yield | 0.57% | 0.97% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | APH | MSI |
|---|---|---|
| 2022 | -12.0% | -3.8% |
| 2023 | +31.5% | +23.0% |
| 2024 | +41.3% | +49.1% |
| 2025 | +96.1% | -16.2% |
| 2026 | +19.8% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and MSI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APH and MSI?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.33 over the last year and 0.48 over 5 years.
Is MSI a good diversifier for APH?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/aph-vs-msi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aph-vs-msi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APH correlations · MSI correlations
