COHR vs MSI: Correlation
Measured on weekly returns over the past three years, Coherent Corp. (COHR) and Motorola Solutions (MSI) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHR and MSI?
Over the past 3 years, COHR and MSI moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.33). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 471.6 %².
Among the 41 assets we track against COHR, MSI ranks #31 by 3-year correlation. The last year tells two different stories: COHR led by 219.7 percentage points, +225.6% for COHR against +5.9% for MSI. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.02 to 0.61. One caveat on sizing: COHR is 2.9 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.
COHR vs MSI: side by side
| COHR (Coherent Corp.) | MSI (Motorola Solutions) | |
|---|---|---|
| 1-year return | +225.6% | +5.9% |
| 5-year return | +368.6% | +111.1% |
| Volatility (ann.) | 65.0% | 22.1% |
| Beta vs S&P 500 | 2.76 | 0.61 |
| Max drawdown (3Y) | -54.8% | -27.0% |
| Market cap | $57.8B | $80.5B |
| P/E (trailing) | 71.4 | 38.5 |
| Dividend yield | 0.00% | 0.97% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | COHR | MSI |
|---|---|---|
| 2022 | -48.6% | -3.8% |
| 2023 | +24.0% | +23.0% |
| 2024 | +117.6% | +49.1% |
| 2025 | +94.8% | -16.2% |
| 2026 | +60.0% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHR and MSI good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COHR and MSI?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.16 over the last year and 0.30 over 5 years.
Is MSI a good diversifier for COHR?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/cohr-vs-msi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cohr-vs-msi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COHR correlations · MSI correlations
