MKSI vs NXPI: Correlation
MKS Inc. (MKSI) and NXP Semiconductors (NXPI) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKSI and NXPI?
Across a 3-year window, the weekly returns of MKSI and NXPI correlate at 0.62, strong. The link has loosened recently: the 1-year correlation (0.47) runs below the 3-year figure (0.62). Stretching to 5 years gives 0.64, with an annualized covariance of 1247.9 %².
By 3-year correlation, NXPI places #23 of the 41 assets tracked against MKSI. Their recent paths diverged sharply: over the last 12 months MKSI outperformed by 160.8 percentage points (+157.5% for MKSI against -3.3% for NXPI).
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 NXPI: side by side
| MKSI (MKS Inc.) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | +157.5% | -3.3% |
| 5-year return | +88.2% | +8.6% |
| Volatility (ann.) | 50.8% | 39.9% |
| Beta vs S&P 500 | 2.39 | 1.53 |
| Max drawdown (3Y) | -59.1% | -46.5% |
| Market cap | $18.3B | $57.0B |
| P/E (trailing) | 43.3 | 19.3 |
| Dividend yield | 0.35% | 1.82% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | MKSI | NXPI |
|---|---|---|
| 2022 | -51.0% | -29.2% |
| 2023 | +22.6% | +48.4% |
| 2024 | +2.2% | -8.0% |
| 2025 | +54.4% | +6.4% |
| 2026 | +70.0% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKSI and NXPI good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MKSI and NXPI?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.47 over the last year and 0.64 over 5 years.
Is NXPI a good diversifier for MKSI?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mksi-vs-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mksi-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MKSI correlations · NXPI correlations
