MCHP vs SWKS: Correlation
Measured on weekly returns over the past three years, Microchip Technology (MCHP) and Skyworks Solutions (SWKS) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHP and SWKS?
On 3 years of weekly data the MCHP/SWKS correlation comes out at 0.57, moderate. The past 12 months show a weaker link (0.46) than the 3-year average (0.57). The 5-year figure is 0.61, and annualized covariance runs at 1074.4 %².
Within MCHP's tracked universe of 44 assets, SWKS comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MCHP outperformed by 24.9 percentage points (+16.2% for MCHP against -8.7% for SWKS). The rolling one-year correlation moved between 0.41 and 0.81 over the past three years, a moderate range.
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 SWKS: side by side
| MCHP (Microchip Technology) | SWKS (Skyworks Solutions) | |
|---|---|---|
| 1-year return | +16.2% | -8.7% |
| 5-year return | +5.9% | -58.3% |
| Volatility (ann.) | 46.7% | 40.0% |
| Beta vs S&P 500 | 1.97 | 1.43 |
| Max drawdown (3Y) | -63.8% | -58.2% |
| Market cap | $41.0B | $10.1B |
| P/E (trailing) | 109.4 | 34.9 |
| Dividend yield | 2.46% | 4.26% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | MCHP | SWKS |
|---|---|---|
| 2022 | -18.0% | -39.9% |
| 2023 | +30.9% | +26.5% |
| 2024 | -35.0% | -18.9% |
| 2025 | +14.6% | -25.5% |
| 2026 | +20.5% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHP and SWKS good diversifiers for each other?
Only partially. A correlation of 0.57 means MCHP and SWKS 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 SWKS?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.46 over the last year and 0.61 over 5 years.
Is SWKS a good diversifier for MCHP?
Only partially. A correlation of 0.57 means MCHP and SWKS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 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 · SWKS correlations
