INTC vs MCHP: Correlation
How closely do Intel (INTC) and Microchip Technology (MCHP) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTC and MCHP?
On 3 years of weekly data the INTC/MCHP correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 1528.7 %².
Among the 37 assets we track against INTC, MCHP ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months INTC outperformed by 254.4 percentage points (+270.6% for INTC against +16.2% for MCHP). The rolling one-year correlation moved between 0.35 and 0.62 over the past three years, a moderate range.
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.
INTC vs MCHP: side by side
| INTC (Intel) | MCHP (Microchip Technology) | |
|---|---|---|
| 1-year return | +270.6% | +16.2% |
| 5-year return | +85.4% | +5.9% |
| Volatility (ann.) | 63.0% | 46.7% |
| Beta vs S&P 500 | 2.01 | 1.97 |
| Max drawdown (3Y) | -63.8% | -63.8% |
| Market cap | $486.8B | $41.0B |
| P/E (trailing) | – | 109.4 |
| Dividend yield | 0.00% | 2.46% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | INTC | MCHP |
|---|---|---|
| 2022 | -46.6% | -18.0% |
| 2023 | +94.6% | +30.9% |
| 2024 | -59.6% | -35.0% |
| 2025 | +84.0% | +14.6% |
| 2026 | +149.6% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INTC and MCHP good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between INTC and MCHP?
As of 2026-08-27, the correlation of weekly returns between INTC and MCHP is 0.52 over 3 years, 0.56 over 1 year and 0.52 over 5 years.
Is MCHP a good diversifier for INTC?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/intc-vs-mchp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/intc-vs-mchp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INTC correlations · MCHP correlations
