INTC vs MTUM: Correlation
Measured on weekly returns over the past three years, Intel (INTC) and iShares MSCI USA Momentum Factor ETF (MTUM) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTC and MTUM?
On 3 years of weekly data the INTC/MTUM correlation comes out at 0.52, moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.52). The 5-year figure is 0.49, and annualized covariance runs at 672.1 %².
Among the 37 assets we track against INTC, MTUM ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INTC ahead by 245.4 points (+270.6% versus +25.2%). The rolling one-year correlation moved between 0.34 and 0.64 over the past three years, a moderate range. Note the risk asymmetry: INTC runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 MTUM: side by side
| INTC (Intel) | MTUM (iShares MSCI USA Momentum Factor ETF) | |
|---|---|---|
| 1-year return | +270.6% | +25.2% |
| 5-year return | +85.4% | +76.1% |
| Volatility (ann.) | 63.0% | 20.6% |
| Beta vs S&P 500 | 2.01 | 1.25 |
| Max drawdown (3Y) | -63.8% | -21.0% |
| Market cap | $486.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.62% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $25.3B |
| Sector / category | Information Technology | ETF · US Style |
MTUM is a Large Blend fund from iShares: $25.3B under management, 126 holdings, a 0.15% expense ratio, a 0.62% trailing dividend yield.
Year-by-year returns
| Year | INTC | MTUM |
|---|---|---|
| 2022 | -46.6% | -18.3% |
| 2023 | +94.6% | +9.1% |
| 2024 | -59.6% | +32.9% |
| 2025 | +84.0% | +22.1% |
| 2026 | +149.6% | +21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
INTC represents 3.91% of MTUM's portfolio, so part of any move in MTUM is INTC itself, and the correlation between them is partly mechanical.
Are INTC and MTUM 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 MTUM?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.68 over the last year and 0.49 over 5 years.
Is MTUM 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?
A reading of 0.52 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/intc-vs-mtum.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/intc-vs-mtum/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: INTC correlations · MTUM correlations
