HPE vs MRVL: Correlation
Hewlett Packard Enterprise (HPE) and Marvell Technology (MRVL) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HPE and MRVL?
Over the past 3 years, HPE and MRVL moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 1318.2 %².
By 3-year correlation, MRVL places #5 of the 28 assets tracked against HPE. Their recent paths diverged sharply: over the last 12 months MRVL outperformed by 79.1 percentage points (+144.4% for HPE against +223.5% for MRVL). Across three years, the rolling one-year figure varied moderately, from 0.28 to 0.73.
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.
HPE vs MRVL: side by side
| HPE (Hewlett Packard Enterprise) | MRVL (Marvell Technology) | |
|---|---|---|
| 1-year return | +144.4% | +223.5% |
| 5-year return | +309.3% | +297.0% |
| Volatility (ann.) | 43.8% | 57.8% |
| Beta vs S&P 500 | 1.47 | 2.19 |
| Max drawdown (3Y) | -48.4% | -60.8% |
| Market cap | $72.0B | $217.0B |
| P/E (trailing) | 51.3 | 82.7 |
| Dividend yield | 0.99% | 0.10% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | HPE | MRVL |
|---|---|---|
| 2022 | +4.5% | -57.5% |
| 2023 | +9.7% | +63.7% |
| 2024 | +29.1% | +83.8% |
| 2025 | +15.5% | -22.8% |
| 2026 | +128.6% | +184.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HPE and MRVL good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HPE and MRVL?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.47 over the last year and 0.50 over 5 years.
Is MRVL a good diversifier for HPE?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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/hpe-vs-mrvl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hpe-vs-mrvl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HPE correlations · MRVL correlations
