MKSI vs TSEM: Correlation
MKS Inc. (MKSI) and Tower Semiconductor Ltd. (TSEM) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKSI and TSEM?
On 3 years of weekly data the MKSI/TSEM correlation comes out at 0.49, moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.49). The 5-year figure is 0.45, and annualized covariance runs at 1305.6 %².
Among the 41 assets we track against MKSI, TSEM sits near the bottom by co-movement, at rank #37. Their recent paths diverged sharply: over the last 12 months TSEM outperformed by 115.1 percentage points (+157.5% for MKSI against +272.6% for TSEM).
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 TSEM: side by side
| MKSI (MKS Inc.) | TSEM (Tower Semiconductor Ltd.) | |
|---|---|---|
| 1-year return | +157.5% | +272.6% |
| 5-year return | +88.2% | +648.0% |
| Volatility (ann.) | 50.8% | 52.1% |
| Beta vs S&P 500 | 2.39 | 1.55 |
| Max drawdown (3Y) | -59.1% | -45.8% |
| Market cap | $18.3B | $24.8B |
| P/E (trailing) | 43.3 | 87.6 |
| Dividend yield | 0.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKSI | TSEM |
|---|---|---|
| 2022 | -51.0% | +8.9% |
| 2023 | +22.6% | -29.4% |
| 2024 | +2.2% | +68.8% |
| 2025 | +54.4% | +128.0% |
| 2026 | +70.0% | +87.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKSI and TSEM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MKSI and TSEM?
The MKSI/TSEM correlation stands at 0.49 on a 3-year window (1 year: 0.30, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is TSEM a good diversifier for MKSI?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: MKSI correlations · TSEM correlations
