MRVL vs SMH: Correlation
Measured on weekly returns over the past three years, Marvell Technology (MRVL) and VanEck Semiconductor ETF (SMH) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRVL and SMH?
On 3 years of weekly data the MRVL/SMH correlation comes out at 0.66, strong. The link has loosened recently: the 1-year correlation (0.51) runs below the 3-year figure (0.66). The 5-year figure is 0.72, and annualized covariance runs at 1296.3 %².
SMH is one of the assets that tracks MRVL most closely: it ranks #2 out of the 30 assets we track against MRVL. Their recent paths diverged sharply: over the last 12 months MRVL outperformed by 130.4 percentage points (+223.5% for MRVL against +93.1% for SMH). On a rolling one-year basis the correlation drifted between 0.37 and 0.83, a moderate band. Risk is not evenly split, since MRVL carries 1.7 times the volatility of the other side.
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 SMH: side by side
| MRVL (Marvell Technology) | SMH (VanEck Semiconductor ETF) | |
|---|---|---|
| 1-year return | +223.5% | +93.1% |
| 5-year return | +297.0% | +332.8% |
| Volatility (ann.) | 57.8% | 33.7% |
| Beta vs S&P 500 | 2.19 | 1.91 |
| Max drawdown (3Y) | -60.8% | -35.7% |
| Market cap | $217.0B | – |
| P/E (trailing) | 82.7 | – |
| Dividend yield | 0.10% | – |
| Sector / category | Information Technology | ETF · Thematic |
Year-by-year returns
| Year | MRVL | SMH |
|---|---|---|
| 2022 | -57.5% | -33.5% |
| 2023 | +63.7% | +73.4% |
| 2024 | +83.8% | +39.1% |
| 2025 | -22.8% | +49.2% |
| 2026 | +184.5% | +59.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRVL and SMH good diversifiers for each other?
Only partially. A correlation of 0.66 means MRVL and SMH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MRVL and SMH?
As of 2026-08-27, the correlation of weekly returns between MRVL and SMH is 0.66 over 3 years, 0.51 over 1 year and 0.72 over 5 years.
Is SMH a good diversifier for MRVL?
Only partially. A correlation of 0.66 means MRVL and SMH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 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/mrvl-vs-smh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrvl-vs-smh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MRVL correlations · SMH correlations
