MCHP vs PI: Correlation
Measured on weekly returns over the past three years, Microchip Technology (MCHP) and Impinj, Inc. (PI) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHP and PI?
Across a 3-year window, the weekly returns of MCHP and PI correlate at 0.50, moderate. The past 12 months show a weaker link (0.39) than the 3-year average (0.50). Stretching to 5 years gives 0.49, with an annualized covariance of 1634.4 %².
Among the 44 assets we track against MCHP, PI ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MCHP outperformed by 26.0 percentage points (+16.2% for MCHP against -9.8% for PI).
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.
MCHP vs PI: side by side
| MCHP (Microchip Technology) | PI (Impinj, Inc.) | |
|---|---|---|
| 1-year return | +16.2% | -9.8% |
| 5-year return | +5.9% | +187.5% |
| Volatility (ann.) | 46.7% | 70.0% |
| Beta vs S&P 500 | 1.97 | 2.30 |
| Max drawdown (3Y) | -63.8% | -73.8% |
| Market cap | $41.0B | $5.1B |
| P/E (trailing) | 109.4 | – |
| Dividend yield | 2.46% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MCHP | PI |
|---|---|---|
| 2022 | -18.0% | +23.1% |
| 2023 | +30.9% | -17.5% |
| 2024 | -35.0% | +61.3% |
| 2025 | +14.6% | +19.8% |
| 2026 | +20.5% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHP and PI good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MCHP and PI?
As of 2026-08-27, the correlation of weekly returns between MCHP and PI is 0.50 over 3 years, 0.39 over 1 year and 0.49 over 5 years.
Is PI a good diversifier for MCHP?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/mchp-vs-pi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mchp-vs-pi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCHP correlations · PI correlations
