MCHP vs SYNA: Correlation
How closely do Microchip Technology (MCHP) and Synaptics Incorporated (SYNA) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCHP and SYNA?
On 3 years of weekly data the MCHP/SYNA correlation comes out at 0.69, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.69 over 3. The 5-year figure is 0.70, and annualized covariance runs at 1590.9 %².
Among the 44 assets we track against MCHP, SYNA ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SYNA outperformed by 21.6 percentage points (+16.2% for MCHP against +37.8% for SYNA).
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 SYNA: side by side
| MCHP (Microchip Technology) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +16.2% | +37.8% |
| 5-year return | +5.9% | -48.2% |
| Volatility (ann.) | 46.7% | 49.6% |
| Beta vs S&P 500 | 1.97 | 2.15 |
| Max drawdown (3Y) | -63.8% | -64.2% |
| Market cap | $41.0B | $3.8B |
| P/E (trailing) | 109.4 | – |
| Dividend yield | 2.46% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MCHP | SYNA |
|---|---|---|
| 2022 | -18.0% | -67.1% |
| 2023 | +30.9% | +19.9% |
| 2024 | -35.0% | -33.1% |
| 2025 | +14.6% | -3.0% |
| 2026 | +20.5% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCHP and SYNA good diversifiers for each other?
Only partially. A correlation of 0.69 means MCHP and SYNA 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 SYNA?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.66 over the last year and 0.70 over 5 years.
Is SYNA a good diversifier for MCHP?
Only partially. A correlation of 0.69 means MCHP and SYNA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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.
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Related comparisons
Hubs: MCHP correlations · SYNA correlations
