MRVL vs TSM: Correlation
Measured on weekly returns over the past three years, Marvell Technology (MRVL) and Taiwan Semiconductor Manufacturing Company Ltd. (TSM) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRVL and TSM?
On 3 years of weekly data the MRVL/TSM correlation comes out at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.59 over 3 years. The 5-year figure is 0.61, and annualized covariance runs at 1193.0 %².
Among the 30 assets we track against MRVL, TSM ranks #10 by 3-year correlation. The last year tells two different stories: MRVL led by 143.0 percentage points, +223.5% for MRVL against +80.5% for TSM. Note the risk asymmetry: MRVL 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.
MRVL vs TSM: side by side
| MRVL (Marvell Technology) | TSM (Taiwan Semiconductor Manufacturing Company Ltd.) | |
|---|---|---|
| 1-year return | +223.5% | +80.5% |
| 5-year return | +297.0% | +289.6% |
| Volatility (ann.) | 57.8% | 34.9% |
| Beta vs S&P 500 | 2.19 | 1.59 |
| Max drawdown (3Y) | -60.8% | -36.8% |
| Market cap | $217.0B | $2,216.2B |
| P/E (trailing) | 82.7 | 31.1 |
| Dividend yield | 0.10% | 6.22% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MRVL | TSM |
|---|---|---|
| 2022 | -57.5% | -36.7% |
| 2023 | +63.7% | +42.3% |
| 2024 | +83.8% | +92.6% |
| 2025 | -22.8% | +55.9% |
| 2026 | +184.5% | +41.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRVL and TSM good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MRVL and TSM?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.46 over the last year and 0.61 over 5 years.
Is TSM a good diversifier for MRVL?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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-tsm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrvl-vs-tsm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MRVL correlations · TSM correlations
