CHTR vs MXL: Correlation
How closely do Charter Communications (CHTR) and MaxLinear, Inc (MXL) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and MXL?
Across a 3-year window, the weekly returns of CHTR and MXL correlate at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.16 over 3 years. Stretching to 5 years gives -0.10, with an annualized covariance of -703.9 %².
By 3-year correlation, MXL places #27 of the 35 assets tracked against CHTR. The last year tells two different stories: MXL led by 323.8 percentage points, -44.9% for CHTR against +278.9% for MXL. Note the risk asymmetry: MXL runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CHTR vs MXL: side by side
| CHTR (Charter Communications) | MXL (MaxLinear, Inc) | |
|---|---|---|
| 1-year return | -44.9% | +278.9% |
| 5-year return | -81.8% | +19.8% |
| Volatility (ann.) | 41.3% | 105.2% |
| Beta vs S&P 500 | 0.74 | 2.50 |
| Max drawdown (3Y) | -72.9% | -63.9% |
| Market cap | $20.0B | $5.8B |
| P/E (trailing) | 4.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | CHTR | MXL |
|---|---|---|
| 2022 | -48.0% | -55.0% |
| 2023 | +14.6% | -30.0% |
| 2024 | -11.8% | -16.8% |
| 2025 | -39.1% | -11.9% |
| 2026 | -28.9% | +263.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and MXL good diversifiers for each other?
Yes. With a correlation of -0.16, CHTR and MXL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHTR and MXL?
As of 2026-08-27, the correlation of weekly returns between CHTR and MXL is -0.16 over 3 years, -0.38 over 1 year and -0.10 over 5 years.
Is MXL a good diversifier for CHTR?
Yes. With a correlation of -0.16, CHTR and MXL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 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/chtr-vs-mxl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chtr-vs-mxl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHTR correlations · MXL correlations
