CRDO vs MRVL: Correlation
Credo Technology Group Holding Ltd (CRDO) and Marvell Technology (MRVL) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDO and MRVL?
Across a 3-year window, the weekly returns of CRDO and MRVL correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 2805.9 %².
By 3-year correlation, MRVL places #9 of the 20 assets tracked against CRDO. Their recent paths diverged sharply: over the last 12 months MRVL outperformed by 127.8 percentage points (+95.7% for CRDO against +223.5% for MRVL).
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.
CRDO vs MRVL: side by side
| CRDO (Credo Technology Group Holding Ltd) | MRVL (Marvell Technology) | |
|---|---|---|
| 1-year return | +95.7% | +223.5% |
| 5-year return | +1962.1% | +297.0% |
| Volatility (ann.) | 84.8% | 57.8% |
| Beta vs S&P 500 | 3.44 | 2.19 |
| Max drawdown (3Y) | -61.1% | -60.8% |
| Market cap | $45.1B | $217.0B |
| P/E (trailing) | 90.0 | 82.7 |
| Dividend yield | 0.00% | 0.10% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CRDO | MRVL |
|---|---|---|
| 2022 | – | -57.5% |
| 2023 | +46.3% | +63.7% |
| 2024 | +245.2% | +83.8% |
| 2025 | +114.1% | -22.8% |
| 2026 | +67.0% | +184.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDO and MRVL good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRDO and MRVL?
The CRDO/MRVL correlation stands at 0.57 on a 3-year window (1 year: 0.47, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is MRVL a good diversifier for CRDO?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/crdo-vs-mrvl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crdo-vs-mrvl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRDO correlations · MRVL correlations
