MCHP vs QUIK: Correlation
How closely do Microchip Technology (MCHP) and QuickLogic Corporation (QUIK) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHP and QUIK?
Across a 3-year window, the weekly returns of MCHP and QUIK correlate at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 1642.3 %².
Among the 44 assets we track against MCHP, QUIK ranks #26 by 3-year correlation. The last year tells two different stories: QUIK led by 91.9 percentage points, +16.2% for MCHP against +108.1% for QUIK.
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 QUIK: side by side
| MCHP (Microchip Technology) | QUIK (QuickLogic Corporation) | |
|---|---|---|
| 1-year return | +16.2% | +108.1% |
| 5-year return | +5.9% | +89.6% |
| Volatility (ann.) | 46.7% | 66.7% |
| Beta vs S&P 500 | 1.97 | 1.92 |
| Max drawdown (3Y) | -63.8% | -76.9% |
| Market cap | $41.0B | $0.2B |
| P/E (trailing) | 109.4 | – |
| Dividend yield | 2.46% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MCHP | QUIK |
|---|---|---|
| 2022 | -18.0% | +0.6% |
| 2023 | +30.9% | +169.6% |
| 2024 | -35.0% | -18.5% |
| 2025 | +14.6% | -46.8% |
| 2026 | +20.5% | +88.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHP and QUIK good diversifiers for each other?
Only partially. A correlation of 0.53 means MCHP and QUIK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MCHP and QUIK?
The MCHP/QUIK correlation stands at 0.53 on a 3-year window (1 year: 0.52, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is QUIK a good diversifier for MCHP?
Only partially. A correlation of 0.53 means MCHP and QUIK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MCHP correlations · QUIK correlations
