MKSI vs MTSI: Correlation
Measured on weekly returns over the past three years, MKS Inc. (MKSI) and MACOM Technology Solutions Holdings, Inc. (MTSI) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKSI and MTSI?
On 3 years of weekly data the MKSI/MTSI correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 1609.9 %².
Within MKSI's tracked universe of 41 assets, MTSI comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MKSI ahead by 43.7 points (+157.5% versus +113.8%).
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.
MKSI vs MTSI: side by side
| MKSI (MKS Inc.) | MTSI (MACOM Technology Solutions Holdings, Inc.) | |
|---|---|---|
| 1-year return | +157.5% | +113.8% |
| 5-year return | +88.2% | +341.3% |
| Volatility (ann.) | 50.8% | 48.7% |
| Beta vs S&P 500 | 2.39 | 1.65 |
| Max drawdown (3Y) | -59.1% | -44.2% |
| Market cap | $18.3B | $21.2B |
| P/E (trailing) | 43.3 | 88.3 |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKSI | MTSI |
|---|---|---|
| 2022 | -51.0% | -19.6% |
| 2023 | +22.6% | +47.6% |
| 2024 | +2.2% | +39.8% |
| 2025 | +54.4% | +31.8% |
| 2026 | +70.0% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKSI and MTSI good diversifiers for each other?
Only partially. A correlation of 0.65 means MKSI and MTSI 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 MKSI and MTSI?
The MKSI/MTSI correlation stands at 0.65 on a 3-year window (1 year: 0.61, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is MTSI a good diversifier for MKSI?
Only partially. A correlation of 0.65 means MKSI and MTSI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/mksi-vs-mtsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mksi-vs-mtsi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MKSI correlations · MTSI correlations
