EL vs MCHP: Correlation
Estée Lauder Companies (The) (EL) and Microchip Technology (MCHP) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EL and MCHP?
On 3 years of weekly data the EL/MCHP correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 1019.5 %².
Within EL's tracked universe of 35 assets, MCHP comes in at #4 by 3-year correlation. Their 12-month results are close: +16.4% for EL against +16.2% for MCHP. The rolling one-year correlation moved between 0.21 and 0.68 over the past three years, a moderate range.
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.
EL vs MCHP: side by side
| EL (Estée Lauder Companies (The)) | MCHP (Microchip Technology) | |
|---|---|---|
| 1-year return | +16.4% | +16.2% |
| 5-year return | -66.7% | +5.9% |
| Volatility (ann.) | 47.0% | 46.7% |
| Beta vs S&P 500 | 1.28 | 1.97 |
| Max drawdown (3Y) | -68.4% | -63.8% |
| Market cap | $38.4B | $41.0B |
| P/E (trailing) | 208.3 | 109.4 |
| Dividend yield | 1.33% | 2.46% |
| Sector / category | Consumer Staples | Information Technology |
Year-by-year returns
| Year | EL | MCHP |
|---|---|---|
| 2022 | -32.3% | -18.0% |
| 2023 | -40.1% | +30.9% |
| 2024 | -47.6% | -35.0% |
| 2025 | +42.1% | +14.6% |
| 2026 | +2.1% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EL and MCHP good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EL and MCHP?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.49 over the last year and 0.47 over 5 years.
Is MCHP a good diversifier for EL?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/el-vs-mchp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/el-vs-mchp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EL correlations · MCHP correlations
