MCHP vs QCOM: Correlation
Measured on weekly returns over the past three years, Microchip Technology (MCHP) and Qualcomm (QCOM) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHP and QCOM?
Across a 3-year window, the weekly returns of MCHP and QCOM correlate at 0.60, strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 1192.6 %².
By 3-year correlation, QCOM places #22 of the 44 assets tracked against MCHP. Over the last 12 months MCHP came out ahead by 10.9 percentage points (+16.2% against +5.3%). On a rolling one-year basis the correlation drifted between 0.44 and 0.73, a moderate band.
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 QCOM: side by side
| MCHP (Microchip Technology) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | +16.2% | +5.3% |
| 5-year return | +5.9% | +25.8% |
| Volatility (ann.) | 46.7% | 42.4% |
| Beta vs S&P 500 | 1.97 | 1.77 |
| Max drawdown (3Y) | -63.8% | -44.2% |
| Market cap | $41.0B | $176.0B |
| P/E (trailing) | 109.4 | 18.9 |
| Dividend yield | 2.46% | 2.19% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | MCHP | QCOM |
|---|---|---|
| 2022 | -18.0% | -38.6% |
| 2023 | +30.9% | +35.1% |
| 2024 | -35.0% | +8.3% |
| 2025 | +14.6% | +13.8% |
| 2026 | +20.5% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHP and QCOM good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MCHP and QCOM?
As of 2026-08-27, the correlation of weekly returns between MCHP and QCOM is 0.60 over 3 years, 0.59 over 1 year and 0.63 over 5 years.
Is QCOM a good diversifier for MCHP?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 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-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mchp-vs-qcom/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCHP correlations · QCOM correlations
