DUK vs MCHP: Correlation
Duke Energy (DUK) and Microchip Technology (MCHP) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUK and MCHP?
On 3 years of weekly data the DUK/MCHP correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.31) than the 3-year average (-0.19). The 5-year figure is -0.04, and annualized covariance runs at -143.4 %².
Among the 53 assets we track against DUK, MCHP ranks #31 by 3-year correlation. The last year tells two different stories: MCHP led by 15.1 percentage points, +1.1% for DUK against +16.2% for MCHP. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.43 to 0.14. Note the risk asymmetry: MCHP runs 2.9 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.
DUK vs MCHP: side by side
| DUK (Duke Energy) | MCHP (Microchip Technology) | |
|---|---|---|
| 1-year return | +1.1% | +16.2% |
| 5-year return | +39.8% | +5.9% |
| Volatility (ann.) | 15.9% | 46.7% |
| Beta vs S&P 500 | -0.09 | 1.97 |
| Max drawdown (3Y) | -11.6% | -63.8% |
| Market cap | $94.2B | $41.0B |
| P/E (trailing) | 18.3 | 109.4 |
| Dividend yield | 3.49% | 2.46% |
| Sector / category | Utilities | Information Technology |
Year-by-year returns
| Year | DUK | MCHP |
|---|---|---|
| 2022 | +2.0% | -18.0% |
| 2023 | -1.6% | +30.9% |
| 2024 | +15.6% | -35.0% |
| 2025 | +12.7% | +14.6% |
| 2026 | +5.8% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUK and MCHP good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DUK and MCHP?
As of 2026-08-27, the correlation of weekly returns between DUK and MCHP is -0.19 over 3 years, -0.31 over 1 year and -0.04 over 5 years.
Is MCHP a good diversifier for DUK?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/duk-vs-mchp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/duk-vs-mchp/)
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Related comparisons
Hubs: DUK correlations · MCHP correlations
