MRVL vs NVDA: Correlation
How closely do Marvell Technology (MRVL) and Nvidia (NVDA) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRVL and NVDA?
Across a 3-year window, the weekly returns of MRVL and NVDA correlate at 0.53, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.53 over 3 years. Stretching to 5 years gives 0.63, with an annualized covariance of 1352.2 %².
Within MRVL's tracked universe of 30 assets, NVDA comes in at #18 by 3-year correlation. The last year tells two different stories: MRVL led by 197.8 percentage points, +223.5% for MRVL against +25.7% for NVDA. Across three years, the rolling one-year figure varied moderately, from 0.30 to 0.79.
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.
MRVL vs NVDA: side by side
| MRVL (Marvell Technology) | NVDA (Nvidia) | |
|---|---|---|
| 1-year return | +223.5% | +25.7% |
| 5-year return | +297.0% | +908.3% |
| Volatility (ann.) | 57.8% | 44.5% |
| Beta vs S&P 500 | 2.19 | 2.18 |
| Max drawdown (3Y) | -60.8% | -36.9% |
| Market cap | $217.0B | $5,505.0B |
| P/E (trailing) | 82.7 | 32.2 |
| Dividend yield | 0.10% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | MRVL | NVDA |
|---|---|---|
| 2022 | -57.5% | -50.3% |
| 2023 | +63.7% | +239.0% |
| 2024 | +83.8% | +171.2% |
| 2025 | -22.8% | +38.9% |
| 2026 | +184.5% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRVL and NVDA good diversifiers for each other?
To a limited degree. At 0.53 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 MRVL and NVDA?
The MRVL/NVDA correlation stands at 0.53 on a 3-year window (1 year: 0.38, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is NVDA a good diversifier for MRVL?
To a limited degree. At 0.53 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 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mrvl-vs-nvda.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mrvl-vs-nvda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRVL correlations · NVDA correlations
