MPWR vs TXN: Correlation
How closely do Monolithic Power Systems (MPWR) and Texas Instruments (TXN) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPWR and TXN?
Across a 3-year window, the weekly returns of MPWR and TXN correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 906.5 %².
Among the 41 assets we track against MPWR, TXN ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MPWR outperformed by 19.3 percentage points (+52.4% for MPWR against +33.1% for TXN). Across three years, the rolling one-year figure varied moderately, from 0.36 to 0.72.
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 TXN: side by side
| MPWR (Monolithic Power Systems) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | +52.4% | +33.1% |
| 5-year return | +170.3% | +60.4% |
| Volatility (ann.) | 48.1% | 34.3% |
| Beta vs S&P 500 | 2.22 | 1.28 |
| Max drawdown (3Y) | -51.6% | -33.4% |
| Market cap | $64.4B | $243.4B |
| P/E (trailing) | 79.4 | 40.6 |
| Dividend yield | 0.55% | 2.15% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | MPWR | TXN |
|---|---|---|
| 2022 | -27.8% | -9.9% |
| 2023 | +79.8% | +6.4% |
| 2024 | -5.6% | +13.1% |
| 2025 | +54.5% | -4.5% |
| 2026 | +45.2% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPWR and TXN good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MPWR and TXN?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.59 over the last year and 0.57 over 5 years.
Is TXN a good diversifier for MPWR?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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-txn.json
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Related comparisons
Hubs: MPWR correlations · TXN correlations
