EXC vs MCHP: Correlation
Measured on weekly returns over the past three years, Exelon (EXC) and Microchip Technology (MCHP) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXC and MCHP?
Over the past 3 years, EXC and MCHP moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -189.2 %².
Within EXC's tracked universe of 41 assets, MCHP comes in at #28 by 3-year correlation. Over the last 12 months MCHP came out ahead by 14.5 percentage points (+1.7% against +16.2%). This link changes with the market regime, having swung between -0.45 and 0.30 on a rolling one-year basis. Risk is not evenly split, since MCHP carries 2.4 times the volatility of the other side.
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.
EXC vs MCHP: side by side
| EXC (Exelon) | MCHP (Microchip Technology) | |
|---|---|---|
| 1-year return | +1.7% | +16.2% |
| 5-year return | +48.1% | +5.9% |
| Volatility (ann.) | 19.4% | 46.7% |
| Beta vs S&P 500 | -0.05 | 1.97 |
| Max drawdown (3Y) | -18.9% | -63.8% |
| Market cap | $45.3B | $41.0B |
| P/E (trailing) | 16.3 | 109.4 |
| Dividend yield | 3.69% | 2.46% |
| Sector / category | Utilities | Information Technology |
Year-by-year returns
| Year | EXC | MCHP |
|---|---|---|
| 2022 | +8.3% | -18.0% |
| 2023 | -14.0% | +30.9% |
| 2024 | +9.2% | -35.0% |
| 2025 | +20.0% | +14.6% |
| 2026 | +2.7% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXC and MCHP good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between EXC and MCHP?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.27 over the last year and -0.02 over 5 years.
Is MCHP a good diversifier for EXC?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/exc-vs-mchp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/exc-vs-mchp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXC correlations · MCHP correlations
