MKSI vs SMTC: Correlation
MKS Inc. (MKSI) and Semtech Corporation (SMTC) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKSI and SMTC?
Over the past 3 years, MKSI and SMTC moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 1846.0 %².
By 3-year correlation, SMTC places #34 of the 41 assets tracked against MKSI. On 12-month performance MKSI holds a 12.5-point edge, +157.5% against +145.0%.
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 SMTC: side by side
| MKSI (MKS Inc.) | SMTC (Semtech Corporation) | |
|---|---|---|
| 1-year return | +157.5% | +145.0% |
| 5-year return | +88.2% | +103.9% |
| Volatility (ann.) | 50.8% | 68.2% |
| Beta vs S&P 500 | 2.39 | 2.23 |
| Max drawdown (3Y) | -59.1% | -68.5% |
| Market cap | $18.3B | $13.3B |
| P/E (trailing) | 43.3 | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKSI | SMTC |
|---|---|---|
| 2022 | -51.0% | -67.7% |
| 2023 | +22.6% | -23.6% |
| 2024 | +2.2% | +182.3% |
| 2025 | +54.4% | +19.1% |
| 2026 | +70.0% | +93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKSI and SMTC good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MKSI and SMTC?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.45 over the last year and 0.54 over 5 years.
Is SMTC a good diversifier for MKSI?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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-smtc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mksi-vs-smtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MKSI correlations · SMTC correlations
