MKSI vs MU: Correlation
How closely do MKS Inc. (MKSI) and Micron Technology (MU) 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 MKSI and MU?
On 3 years of weekly data the MKSI/MU correlation comes out at 0.69, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.69 over 3. The 5-year figure is 0.65, and annualized covariance runs at 2220.6 %².
Within MKSI's tracked universe of 41 assets, MU comes in at #12 by 3-year correlation. The last year tells two different stories: MU led by 538.2 percentage points, +157.5% for MKSI against +695.7% for MU.
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 MU: side by side
| MKSI (MKS Inc.) | MU (Micron Technology) | |
|---|---|---|
| 1-year return | +157.5% | +695.7% |
| 5-year return | +88.2% | +1211.2% |
| Volatility (ann.) | 50.8% | 63.3% |
| Beta vs S&P 500 | 2.39 | 2.47 |
| Max drawdown (3Y) | -59.1% | -57.6% |
| Market cap | $18.3B | – |
| P/E (trailing) | 43.3 | 21.2 |
| Dividend yield | 0.35% | 0.06% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | MKSI | MU |
|---|---|---|
| 2022 | -51.0% | -45.9% |
| 2023 | +22.6% | +71.9% |
| 2024 | +2.2% | -1.0% |
| 2025 | +54.4% | +240.2% |
| 2026 | +70.0% | +227.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKSI and MU good diversifiers for each other?
Only partially. A correlation of 0.69 means MKSI and MU 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 MU?
As of 2026-08-27, the correlation of weekly returns between MKSI and MU is 0.69 over 3 years, 0.65 over 1 year and 0.65 over 5 years.
Is MU a good diversifier for MKSI?
Only partially. A correlation of 0.69 means MKSI and MU 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mksi-vs-mu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mksi-vs-mu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MKSI correlations · MU correlations
