MLGO vs SNX: Correlation
How closely do MicroAlgo, Inc. (MLGO) and TD SYNNEX Corporation (SNX) trade together? Their weekly returns over three years give a correlation of -0.35, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLGO and SNX?
Over the past 3 years, MLGO and SNX moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.31 versus -0.35 over 3 years. Over 5 years the correlation is -0.29, and the annualized covariance of weekly returns is -5434.9 %².
Among the 33 assets we track against MLGO, SNX sits near the bottom by co-movement, at rank #33. Their recent paths diverged sharply: over the last 12 months SNX outperformed by 129.1 percentage points (-52.9% for MLGO against +76.2% for SNX). Note the risk asymmetry: MLGO runs 15.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MLGO vs SNX: side by side
| MLGO (MicroAlgo, Inc.) | SNX (TD SYNNEX Corporation) | |
|---|---|---|
| 1-year return | -52.9% | +76.2% |
| 5-year return | -100.0% | +114.5% |
| Volatility (ann.) | 489.7% | 31.3% |
| Beta vs S&P 500 | -2.77 | 1.15 |
| Max drawdown (3Y) | -100.0% | -33.8% |
| Market cap | – | – |
| P/E (trailing) | 1.9 | 18.6 |
| Dividend yield | 0.00% | 0.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLGO | SNX |
|---|---|---|
| 2022 | -87.6% | -16.1% |
| 2023 | -27.0% | +15.3% |
| 2024 | -97.9% | +10.5% |
| 2025 | -96.1% | +29.8% |
| 2026 | -6.3% | +74.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLGO and SNX good diversifiers for each other?
Yes. With a correlation of -0.35, MLGO and SNX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MLGO and SNX?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with 0.31 over the last year and -0.29 over 5 years.
Is SNX a good diversifier for MLGO?
Yes. With a correlation of -0.35, MLGO and SNX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 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
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[](https://www.pairbook.io/pair/mlgo-vs-snx/)
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Related comparisons
Hubs: MLGO correlations · SNX correlations
