MRAM vs NXPI: Correlation
Everspin Technologies, Inc. (MRAM) and NXP Semiconductors (NXPI) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRAM and NXPI?
Across a 3-year window, the weekly returns of MRAM and NXPI correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.43). Stretching to 5 years gives 0.42, with an annualized covariance of 1183.1 %².
By 3-year correlation, NXPI places #5 of the 22 assets tracked against MRAM. Their recent paths diverged sharply: over the last 12 months MRAM outperformed by 176.5 percentage points (+173.2% for MRAM against -3.3% for NXPI). Note the risk asymmetry: MRAM runs 1.7 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.
MRAM vs NXPI: side by side
| MRAM (Everspin Technologies, Inc.) | NXPI (NXP Semiconductors) | |
|---|---|---|
| 1-year return | +173.2% | -3.3% |
| 5-year return | +134.7% | +8.6% |
| Volatility (ann.) | 69.5% | 39.9% |
| Beta vs S&P 500 | 1.58 | 1.53 |
| Max drawdown (3Y) | -70.6% | -46.5% |
| Market cap | $0.4B | $57.0B |
| P/E (trailing) | – | 19.3 |
| Dividend yield | 0.00% | 1.82% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | MRAM | NXPI |
|---|---|---|
| 2022 | -50.8% | -29.2% |
| 2023 | +62.6% | +48.4% |
| 2024 | -29.3% | -8.0% |
| 2025 | +45.2% | +6.4% |
| 2026 | +88.1% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRAM and NXPI good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MRAM and NXPI?
As of 2026-08-27, the correlation of weekly returns between MRAM and NXPI is 0.43 over 3 years, 0.54 over 1 year and 0.42 over 5 years.
Is NXPI a good diversifier for MRAM?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mram-vs-nxpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mram-vs-nxpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MRAM correlations · NXPI correlations
