COHR vs MTSI: Correlation
Measured on weekly returns over the past three years, Coherent Corp. (COHR) and MACOM Technology Solutions Holdings, Inc. (MTSI) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHR and MTSI?
Over the past 3 years, COHR and MTSI moved with a correlation of 0.62, which is strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 1967.0 %².
Among the 41 assets we track against COHR, MTSI ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months COHR outperformed by 111.8 percentage points (+225.6% for COHR against +113.8% for MTSI).
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 MTSI: side by side
| COHR (Coherent Corp.) | MTSI (MACOM Technology Solutions Holdings, Inc.) | |
|---|---|---|
| 1-year return | +225.6% | +113.8% |
| 5-year return | +368.6% | +341.3% |
| Volatility (ann.) | 65.0% | 48.7% |
| Beta vs S&P 500 | 2.76 | 1.65 |
| Max drawdown (3Y) | -54.8% | -44.2% |
| Market cap | $57.8B | $21.2B |
| P/E (trailing) | 71.4 | 88.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | COHR | MTSI |
|---|---|---|
| 2022 | -48.6% | -19.6% |
| 2023 | +24.0% | +47.6% |
| 2024 | +117.6% | +39.8% |
| 2025 | +94.8% | +31.8% |
| 2026 | +60.0% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHR and MTSI good diversifiers for each other?
Only partially. A correlation of 0.62 means COHR and MTSI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between COHR and MTSI?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.64 over the last year and 0.59 over 5 years.
Is MTSI a good diversifier for COHR?
Only partially. A correlation of 0.62 means COHR and MTSI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 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/cohr-vs-mtsi.json
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[](https://www.pairbook.io/pair/cohr-vs-mtsi/)
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Related comparisons
Hubs: COHR correlations · MTSI correlations
