MRAM vs STX: Correlation
Measured on weekly returns over the past three years, Everspin Technologies, Inc. (MRAM) and Seagate Technology (STX) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRAM and STX?
Over the past 3 years, MRAM and STX moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 1745.2 %².
STX is one of the assets that tracks MRAM most closely: it ranks #1 out of the 22 assets we track against MRAM. Their recent paths diverged sharply: over the last 12 months STX outperformed by 237.6 percentage points (+173.2% for MRAM against +410.8% for STX).
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 STX: side by side
| MRAM (Everspin Technologies, Inc.) | STX (Seagate Technology) | |
|---|---|---|
| 1-year return | +173.2% | +410.8% |
| 5-year return | +134.7% | +1032.5% |
| Volatility (ann.) | 69.5% | 51.3% |
| Beta vs S&P 500 | 1.58 | 1.97 |
| Max drawdown (3Y) | -70.6% | -40.0% |
| Market cap | $0.4B | $192.0B |
| P/E (trailing) | – | 61.0 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | MRAM | STX |
|---|---|---|
| 2022 | -50.8% | -51.4% |
| 2023 | +62.6% | +69.1% |
| 2024 | -29.3% | +4.1% |
| 2025 | +45.2% | +225.3% |
| 2026 | +88.1% | +208.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRAM and STX good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MRAM and STX?
As of 2026-08-27, the correlation of weekly returns between MRAM and STX is 0.49 over 3 years, 0.54 over 1 year and 0.47 over 5 years.
Is STX a good diversifier for MRAM?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/mram-vs-stx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mram-vs-stx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MRAM correlations · STX correlations
