MRAM vs SILC: Correlation
Measured on weekly returns over the past three years, Everspin Technologies, Inc. (MRAM) and Silicom Ltd (SILC) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRAM and SILC?
Over the past 3 years, MRAM and SILC moved with a correlation of 0.41, which is moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.41). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 1576.1 %².
Among the 22 assets we track against MRAM, SILC ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SILC outperformed by 19.9 percentage points (+173.2% for MRAM against +193.1% for SILC).
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 SILC: side by side
| MRAM (Everspin Technologies, Inc.) | SILC (Silicom Ltd) | |
|---|---|---|
| 1-year return | +173.2% | +193.1% |
| 5-year return | +134.7% | +6.1% |
| Volatility (ann.) | 69.5% | 54.8% |
| Beta vs S&P 500 | 1.58 | 0.98 |
| Max drawdown (3Y) | -70.6% | -56.5% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRAM | SILC |
|---|---|---|
| 2022 | -50.8% | -18.3% |
| 2023 | +62.6% | -57.1% |
| 2024 | -29.3% | -9.9% |
| 2025 | +45.2% | -9.9% |
| 2026 | +88.1% | +224.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRAM and SILC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MRAM and SILC?
As of 2026-08-27, the correlation of weekly returns between MRAM and SILC is 0.41 over 3 years, 0.55 over 1 year and 0.37 over 5 years.
Is SILC a good diversifier for MRAM?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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-silc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mram-vs-silc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MRAM correlations · SILC correlations
