CRSR vs MX: Correlation
Corsair Gaming, Inc. (CRSR) and Magnachip Semiconductor Corporation (MX) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSR and MX?
Across a 3-year window, the weekly returns of CRSR and MX correlate at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 2847.5 %².
Among the 19 assets we track against CRSR, MX ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRSR outperformed by 33.3 percentage points (+35.5% for CRSR against +2.2% for MX).
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.
CRSR vs MX: side by side
| CRSR (Corsair Gaming, Inc.) | MX (Magnachip Semiconductor Corporation) | |
|---|---|---|
| 1-year return | +35.5% | +2.2% |
| 5-year return | -57.7% | -81.9% |
| Volatility (ann.) | 71.0% | 79.4% |
| Beta vs S&P 500 | 2.22 | 1.88 |
| Max drawdown (3Y) | -71.3% | -73.5% |
| Market cap | $1.3B | $0.1B |
| P/E (trailing) | 38.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRSR | MX |
|---|---|---|
| 2022 | -35.4% | -55.2% |
| 2023 | +3.9% | -20.1% |
| 2024 | -53.1% | -46.4% |
| 2025 | -10.1% | -36.6% |
| 2026 | +101.7% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSR and MX good diversifiers for each other?
Only partially. A correlation of 0.51 means CRSR and MX 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 CRSR and MX?
The CRSR/MX correlation stands at 0.51 on a 3-year window (1 year: 0.60, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is MX a good diversifier for CRSR?
Only partially. A correlation of 0.51 means CRSR and MX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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.
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Related comparisons
Hubs: CRSR correlations · MX correlations
