CDW vs MPWR: Correlation
CDW Corporation (CDW) and Monolithic Power Systems (MPWR) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDW and MPWR?
Over the past 3 years, CDW and MPWR moved with a correlation of 0.43, which is moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.43). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 711.5 %².
Among the 40 assets we track against CDW, MPWR ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MPWR outperformed by 60.4 percentage points (-8.0% for CDW against +52.4% for MPWR). This link changes with the market regime, having swung between 0.18 and 0.72 on a rolling one-year basis.
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.
CDW vs MPWR: side by side
| CDW (CDW Corporation) | MPWR (Monolithic Power Systems) | |
|---|---|---|
| 1-year return | -8.0% | +52.4% |
| 5-year return | -20.5% | +170.3% |
| Volatility (ann.) | 34.2% | 48.1% |
| Beta vs S&P 500 | 1.01 | 2.22 |
| Max drawdown (3Y) | -60.4% | -51.6% |
| Market cap | $18.6B | $64.4B |
| P/E (trailing) | 17.0 | 79.4 |
| Dividend yield | 1.78% | 0.55% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CDW | MPWR |
|---|---|---|
| 2022 | -11.7% | -27.8% |
| 2023 | +28.8% | +79.8% |
| 2024 | -22.6% | -5.6% |
| 2025 | -20.6% | +54.5% |
| 2026 | +11.1% | +45.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDW and MPWR good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CDW and MPWR?
As of 2026-08-27, the correlation of weekly returns between CDW and MPWR is 0.43 over 3 years, 0.25 over 1 year and 0.48 over 5 years.
Is MPWR a good diversifier for CDW?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/cdw-vs-mpwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdw-vs-mpwr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CDW correlations · MPWR correlations
