EUDA vs MXL: Correlation
Measured on weekly returns over the past three years, Euda Health Holdings Limited (EUDA) and MaxLinear, Inc (MXL) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EUDA and MXL?
Across a 3-year window, the weekly returns of EUDA and MXL correlate at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 5499.7 %².
MXL is one of the assets that tracks EUDA most closely: it ranks #1 out of the 13 assets we track against EUDA. Their recent paths diverged sharply: over the last 12 months MXL outperformed by 346.1 percentage points (-67.2% for EUDA against +278.9% for MXL).
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.
EUDA vs MXL: side by side
| EUDA (Euda Health Holdings Limited) | MXL (MaxLinear, Inc) | |
|---|---|---|
| 1-year return | -67.2% | +278.9% |
| 5-year return | -92.2% | +19.8% |
| Volatility (ann.) | 139.0% | 105.2% |
| Beta vs S&P 500 | 0.75 | 2.50 |
| Max drawdown (3Y) | -95.7% | -63.9% |
| Market cap | – | $5.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EUDA | MXL |
|---|---|---|
| 2022 | -83.1% | -55.0% |
| 2023 | -13.2% | -30.0% |
| 2024 | +212.9% | -16.8% |
| 2025 | -48.4% | -11.9% |
| 2026 | -67.5% | +263.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EUDA and MXL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EUDA and MXL?
As of 2026-08-27, the correlation of weekly returns between EUDA and MXL is 0.38 over 3 years, 0.45 over 1 year and 0.30 over 5 years.
Is MXL a good diversifier for EUDA?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/euda-vs-mxl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/euda-vs-mxl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EUDA correlations · MXL correlations
