INDI vs MKTW: Correlation
Measured on weekly returns over the past three years, indie Semiconductor, Inc. (INDI) and MarketWise, Inc. (MKTW) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDI and MKTW?
On 3 years of weekly data the INDI/MKTW correlation comes out at 0.34, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.34 over 3. The 5-year figure is 0.31, and annualized covariance runs at 1880.3 %².
Out of 13 assets tracked against INDI, MKTW lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months MKTW outperformed by 23.9 percentage points (-12.9% for INDI against +11.0% for MKTW).
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.
INDI vs MKTW: side by side
| INDI (indie Semiconductor, Inc.) | MKTW (MarketWise, Inc.) | |
|---|---|---|
| 1-year return | -12.9% | +11.0% |
| 5-year return | -59.1% | -85.0% |
| Volatility (ann.) | 86.4% | 63.2% |
| Beta vs S&P 500 | 3.07 | 0.83 |
| Max drawdown (3Y) | -81.3% | -85.2% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | 19.8 |
| Dividend yield | 0.00% | 5.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INDI | MKTW |
|---|---|---|
| 2022 | -51.4% | -77.7% |
| 2023 | +39.1% | +75.8% |
| 2024 | -50.1% | -78.2% |
| 2025 | -12.8% | +50.2% |
| 2026 | +14.4% | +28.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDI and MKTW good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INDI and MKTW?
As of 2026-08-27, the correlation of weekly returns between INDI and MKTW is 0.34 over 3 years, 0.31 over 1 year and 0.31 over 5 years.
Is MKTW a good diversifier for INDI?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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/indi-vs-mktw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/indi-vs-mktw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INDI correlations · MKTW correlations
