MKSI vs SYNA: Correlation
MKS Inc. (MKSI) and Synaptics Incorporated (SYNA) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKSI and SYNA?
Over the past 3 years, MKSI and SYNA moved with a correlation of 0.68, which is strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 1724.5 %².
Among the 41 assets we track against MKSI, SYNA ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MKSI ahead by 119.7 points (+157.5% versus +37.8%).
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 SYNA: side by side
| MKSI (MKS Inc.) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +157.5% | +37.8% |
| 5-year return | +88.2% | -48.2% |
| Volatility (ann.) | 50.8% | 49.6% |
| Beta vs S&P 500 | 2.39 | 2.15 |
| Max drawdown (3Y) | -59.1% | -64.2% |
| Market cap | $18.3B | $3.8B |
| P/E (trailing) | 43.3 | – |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKSI | SYNA |
|---|---|---|
| 2022 | -51.0% | -67.1% |
| 2023 | +22.6% | +19.9% |
| 2024 | +2.2% | -33.1% |
| 2025 | +54.4% | -3.0% |
| 2026 | +70.0% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKSI and SYNA good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MKSI and SYNA?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.59 over the last year and 0.69 over 5 years.
Is SYNA a good diversifier for MKSI?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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-syna.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mksi-vs-syna/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MKSI correlations · SYNA correlations
