DMC vs MU: Correlation
How closely do Del Monte Corporation (DMC) and Micron Technology (MU) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMC and MU?
On 3 years of weekly data the DMC/MU correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. The 5-year figure is -0.06, and annualized covariance runs at -314.1 %².
Within DMC's tracked universe of 17 assets, MU comes in at #12 by 3-year correlation. The last year tells two different stories: MU led by 706.8 percentage points, -11.1% for DMC against +695.7% for MU. Note the risk asymmetry: MU runs 2.5 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.
DMC vs MU: side by side
| DMC (Del Monte Corporation) | MU (Micron Technology) | |
|---|---|---|
| 1-year return | -11.1% | +695.7% |
| 5-year return | +13.3% | +1211.2% |
| Volatility (ann.) | 25.4% | 63.3% |
| Beta vs S&P 500 | -0.11 | 2.47 |
| Max drawdown (3Y) | -36.5% | -57.6% |
| Market cap | $1.5B | – |
| P/E (trailing) | 44.2 | 21.2 |
| Dividend yield | 3.80% | 0.06% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | DMC | MU |
|---|---|---|
| 2022 | -3.0% | -45.9% |
| 2023 | +3.1% | +71.9% |
| 2024 | +31.3% | -1.0% |
| 2025 | +11.1% | +240.2% |
| 2026 | -9.6% | +227.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMC and MU good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between DMC and MU?
The DMC/MU correlation stands at -0.20 on a 3-year window (1 year: -0.20, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is MU a good diversifier for DMC?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dmc-vs-mu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dmc-vs-mu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMC correlations · MU correlations
