MKSI vs TXN: Correlation
MKS Inc. (MKSI) and Texas Instruments (TXN) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKSI and TXN?
On 3 years of weekly data the MKSI/TXN correlation comes out at 0.61, strong. The link has loosened recently: the 1-year correlation (0.47) runs below the 3-year figure (0.61). The 5-year figure is 0.63, and annualized covariance runs at 1057.7 %².
By 3-year correlation, TXN places #27 of the 41 assets tracked against MKSI. Their recent paths diverged sharply: over the last 12 months MKSI outperformed by 124.4 percentage points (+157.5% for MKSI against +33.1% for TXN).
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 TXN: side by side
| MKSI (MKS Inc.) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | +157.5% | +33.1% |
| 5-year return | +88.2% | +60.4% |
| Volatility (ann.) | 50.8% | 34.3% |
| Beta vs S&P 500 | 2.39 | 1.28 |
| Max drawdown (3Y) | -59.1% | -33.4% |
| Market cap | $18.3B | $243.4B |
| P/E (trailing) | 43.3 | 40.6 |
| Dividend yield | 0.35% | 2.15% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | MKSI | TXN |
|---|---|---|
| 2022 | -51.0% | -9.9% |
| 2023 | +22.6% | +6.4% |
| 2024 | +2.2% | +13.1% |
| 2025 | +54.4% | -4.5% |
| 2026 | +70.0% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKSI and TXN good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MKSI and TXN?
The MKSI/TXN correlation stands at 0.61 on a 3-year window (1 year: 0.47, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is TXN a good diversifier for MKSI?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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-txn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mksi-vs-txn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MKSI correlations · TXN correlations
