MCHP vs ST: Correlation
Microchip Technology (MCHP) and Sensata Technologies Holding plc (ST) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHP and ST?
Over the past 3 years, MCHP and ST moved with a correlation of 0.63, which is strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.63 over 3. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 1062.5 %².
By 3-year correlation, ST places #17 of the 44 assets tracked against MCHP. On 12-month performance ST holds a 12.1-point edge, +16.2% against +28.3%.
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 ST: side by side
| MCHP (Microchip Technology) | ST (Sensata Technologies Holding plc) | |
|---|---|---|
| 1-year return | +16.2% | +28.3% |
| 5-year return | +5.9% | -25.4% |
| Volatility (ann.) | 46.7% | 36.0% |
| Beta vs S&P 500 | 1.97 | 1.30 |
| Max drawdown (3Y) | -63.8% | -58.4% |
| Market cap | $41.0B | $6.2B |
| P/E (trailing) | 109.4 | 68.5 |
| Dividend yield | 2.46% | 1.13% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MCHP | ST |
|---|---|---|
| 2022 | -18.0% | -34.0% |
| 2023 | +30.9% | -5.9% |
| 2024 | -35.0% | -26.1% |
| 2025 | +14.6% | +23.5% |
| 2026 | +20.5% | +28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHP and ST good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MCHP and ST?
As of 2026-08-27, the correlation of weekly returns between MCHP and ST is 0.63 over 3 years, 0.55 over 1 year and 0.66 over 5 years.
Is ST a good diversifier for MCHP?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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/mchp-vs-st.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mchp-vs-st/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MCHP correlations · ST correlations
