MPWR vs QRVO: Correlation
Monolithic Power Systems (MPWR) and Qorvo, Inc. (QRVO) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPWR and QRVO?
Across a 3-year window, the weekly returns of MPWR and QRVO correlate at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.43) runs below the 3-year figure (0.56). Stretching to 5 years gives 0.58, with an annualized covariance of 1119.6 %².
Within MPWR's tracked universe of 41 assets, QRVO comes in at #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MPWR ahead by 47.8 points (+52.4% versus +4.6%).
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 QRVO: side by side
| MPWR (Monolithic Power Systems) | QRVO (Qorvo, Inc.) | |
|---|---|---|
| 1-year return | +52.4% | +4.6% |
| 5-year return | +170.3% | -49.6% |
| Volatility (ann.) | 48.1% | 41.4% |
| Beta vs S&P 500 | 2.22 | 1.53 |
| Max drawdown (3Y) | -51.6% | -60.7% |
| Market cap | $64.4B | $8.5B |
| P/E (trailing) | 79.4 | 22.1 |
| Dividend yield | 0.55% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MPWR | QRVO |
|---|---|---|
| 2022 | -27.8% | -42.0% |
| 2023 | +79.8% | +24.2% |
| 2024 | -5.6% | -37.9% |
| 2025 | +54.5% | +20.8% |
| 2026 | +45.2% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPWR and QRVO good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MPWR and QRVO?
As of 2026-08-27, the correlation of weekly returns between MPWR and QRVO is 0.56 over 3 years, 0.43 over 1 year and 0.58 over 5 years.
Is QRVO a good diversifier for MPWR?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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-qrvo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mpwr-vs-qrvo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MPWR correlations · QRVO correlations
