APH vs MXC: Correlation
Measured on weekly returns over the past three years, Amphenol (APH) and Mexco Energy Corporation (MXC) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and MXC?
On 3 years of weekly data the APH/MXC correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.16). The 5-year figure is -0.04, and annualized covariance runs at -329.5 %².
Among the 38 assets we track against APH, MXC ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months APH outperformed by 25.9 percentage points (+47.5% for APH against +21.6% for MXC). One caveat on sizing: MXC is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MXC: side by side
| APH (Amphenol) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | +47.5% | +21.6% |
| 5-year return | +338.9% | +7.2% |
| Volatility (ann.) | 33.6% | 62.1% |
| Beta vs S&P 500 | 1.57 | -0.31 |
| Max drawdown (3Y) | -28.2% | -60.6% |
| Market cap | $199.0B | – |
| P/E (trailing) | 40.3 | 13.0 |
| Dividend yield | 0.57% | 1.02% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | APH | MXC |
|---|---|---|
| 2022 | -12.0% | +33.0% |
| 2023 | +31.5% | -26.2% |
| 2024 | +41.3% | +24.6% |
| 2025 | +96.1% | -10.8% |
| 2026 | +19.8% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and MXC good diversifiers for each other?
Yes. With a correlation of -0.16, APH and MXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APH and MXC?
The APH/MXC correlation stands at -0.16 on a 3-year window (1 year: -0.38, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is MXC a good diversifier for APH?
Yes. With a correlation of -0.16, APH and MXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aph-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APH correlations · MXC correlations
