ENTG vs MCHP: Correlation
Entegris, Inc. (ENTG) and Microchip Technology (MCHP) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENTG and MCHP?
Across a 3-year window, the weekly returns of ENTG and MCHP correlate at 0.71, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.71 over 3. Stretching to 5 years gives 0.69, with an annualized covariance of 1754.1 %².
Among the 23 assets we track against ENTG, MCHP ranks #7 by 3-year correlation. The last year tells two different stories: ENTG led by 57.4 percentage points, +73.6% for ENTG against +16.2% for MCHP.
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.
ENTG vs MCHP: side by side
| ENTG (Entegris, Inc.) | MCHP (Microchip Technology) | |
|---|---|---|
| 1-year return | +73.6% | +16.2% |
| 5-year return | +22.7% | +5.9% |
| Volatility (ann.) | 53.0% | 46.7% |
| Beta vs S&P 500 | 2.17 | 1.97 |
| Max drawdown (3Y) | -56.9% | -63.8% |
| Market cap | $22.2B | $41.0B |
| P/E (trailing) | 71.6 | 109.4 |
| Dividend yield | 0.28% | 2.46% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ENTG | MCHP |
|---|---|---|
| 2022 | -52.5% | -18.0% |
| 2023 | +83.5% | +30.9% |
| 2024 | -17.1% | -35.0% |
| 2025 | -14.6% | +14.6% |
| 2026 | +72.9% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENTG and MCHP good diversifiers for each other?
Only partially. A correlation of 0.71 means ENTG and MCHP 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 ENTG and MCHP?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.77 over the last year and 0.69 over 5 years.
Is MCHP a good diversifier for ENTG?
Only partially. A correlation of 0.71 means ENTG and MCHP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 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
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Related comparisons
Hubs: ENTG correlations · MCHP correlations
