MTSI vs SMTC: Correlation
Measured on weekly returns over the past three years, MACOM Technology Solutions Holdings, Inc. (MTSI) and Semtech Corporation (SMTC) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTSI and SMTC?
On 3 years of weekly data the MTSI/SMTC correlation comes out at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 1913.6 %².
By 3-year correlation, SMTC places #7 of the 17 assets tracked against MTSI. Their recent paths diverged sharply: over the last 12 months SMTC outperformed by 31.2 percentage points (+113.8% for MTSI against +145.0% for SMTC).
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.
MTSI vs SMTC: side by side
| MTSI (MACOM Technology Solutions Holdings, Inc.) | SMTC (Semtech Corporation) | |
|---|---|---|
| 1-year return | +113.8% | +145.0% |
| 5-year return | +341.3% | +103.9% |
| Volatility (ann.) | 48.7% | 68.2% |
| Beta vs S&P 500 | 1.65 | 2.23 |
| Max drawdown (3Y) | -44.2% | -68.5% |
| Market cap | $21.2B | $13.3B |
| P/E (trailing) | 88.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTSI | SMTC |
|---|---|---|
| 2022 | -19.6% | -67.7% |
| 2023 | +47.6% | -23.6% |
| 2024 | +39.8% | +182.3% |
| 2025 | +31.8% | +19.1% |
| 2026 | +61.8% | +93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTSI and SMTC good diversifiers for each other?
To a limited degree. At 0.58 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 MTSI and SMTC?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.62 over the last year and 0.58 over 5 years.
Is SMTC a good diversifier for MTSI?
To a limited degree. At 0.58 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 0.58 mean?
On the −1 to +1 scale, 0.58 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/mtsi-vs-smtc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mtsi-vs-smtc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTSI correlations · SMTC correlations
