MPWR vs NVDA: Correlation
Measured on weekly returns over the past three years, Monolithic Power Systems (MPWR) and Nvidia (NVDA) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPWR and NVDA?
Over the past 3 years, MPWR and NVDA moved with a correlation of 0.59, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.59 over 3 years. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 1261.8 %².
By 3-year correlation, NVDA places #22 of the 41 assets tracked against MPWR. The last year tells two different stories: MPWR led by 26.7 percentage points, +52.4% for MPWR against +25.7% for NVDA. The rolling one-year correlation moved between 0.26 and 0.75 over the past three years, a moderate range.
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.
MPWR vs NVDA: side by side
| MPWR (Monolithic Power Systems) | NVDA (Nvidia) | |
|---|---|---|
| 1-year return | +52.4% | +25.7% |
| 5-year return | +170.3% | +908.3% |
| Volatility (ann.) | 48.1% | 44.5% |
| Beta vs S&P 500 | 2.22 | 2.18 |
| Max drawdown (3Y) | -51.6% | -36.9% |
| Market cap | $64.4B | $5,505.0B |
| P/E (trailing) | 79.4 | 32.2 |
| Dividend yield | 0.55% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | MPWR | NVDA |
|---|---|---|
| 2022 | -27.8% | -50.3% |
| 2023 | +79.8% | +239.0% |
| 2024 | -5.6% | +171.2% |
| 2025 | +54.5% | +38.9% |
| 2026 | +45.2% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPWR and NVDA good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MPWR and NVDA?
The MPWR/NVDA correlation stands at 0.59 on a 3-year window (1 year: 0.32, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is NVDA a good diversifier for MPWR?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/mpwr-vs-nvda.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mpwr-vs-nvda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MPWR correlations · NVDA correlations
