DAIO vs MX: Correlation
Measured on weekly returns over the past three years, Data I/O Corporation (DAIO) and Magnachip Semiconductor Corporation (MX) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAIO and MX?
Across a 3-year window, the weekly returns of DAIO and MX correlate at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.51 versus 0.35 over 3 years. Stretching to 5 years gives 0.24, with an annualized covariance of 1212.9 %².
Among the 16 assets we track against DAIO, MX ranks #5 by 3-year correlation. Twelve-month performance is nearly a tie, at -0.7% for DAIO and +2.2% for MX. Note the risk asymmetry: MX runs 1.8 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.
DAIO vs MX: side by side
| DAIO (Data I/O Corporation) | MX (Magnachip Semiconductor Corporation) | |
|---|---|---|
| 1-year return | -0.7% | +2.2% |
| 5-year return | -48.4% | -81.9% |
| Volatility (ann.) | 43.6% | 79.4% |
| Beta vs S&P 500 | 0.74 | 1.88 |
| Max drawdown (3Y) | -52.9% | -73.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAIO | MX |
|---|---|---|
| 2022 | -13.9% | -55.2% |
| 2023 | -25.9% | -20.1% |
| 2024 | -5.8% | -46.4% |
| 2025 | +14.4% | -36.6% |
| 2026 | -6.0% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAIO and MX good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DAIO and MX?
The DAIO/MX correlation stands at 0.35 on a 3-year window (1 year: 0.51, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is MX a good diversifier for DAIO?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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: DAIO correlations · MX correlations
