MTSI vs SONM: Correlation
Measured on weekly returns over the past three years, MACOM Technology Solutions Holdings, Inc. (MTSI) and DNA X, Inc. (SONM) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTSI and SONM?
Across a 3-year window, the weekly returns of MTSI and SONM correlate at 0.25, weak. Recent behaviour matches the longer record: 0.35 over 1 year against 0.25 over 3. Stretching to 5 years gives 0.22, with an annualized covariance of 1277.7 %².
SONM is close to the least connected end of MTSI's tracked universe, ranking #14 of 17. Their recent paths diverged sharply: over the last 12 months MTSI outperformed by 183.0 percentage points (+113.8% for MTSI against -69.2% for SONM). One caveat on sizing: SONM is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SONM: side by side
| MTSI (MACOM Technology Solutions Holdings, Inc.) | SONM (DNA X, Inc.) | |
|---|---|---|
| 1-year return | +113.8% | -69.2% |
| 5-year return | +341.3% | -99.6% |
| Volatility (ann.) | 48.7% | 106.4% |
| Beta vs S&P 500 | 1.65 | 0.06 |
| Max drawdown (3Y) | -44.2% | -98.5% |
| Market cap | $21.2B | – |
| P/E (trailing) | 88.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTSI | SONM |
|---|---|---|
| 2022 | -19.6% | -53.9% |
| 2023 | +47.6% | +72.9% |
| 2024 | +39.8% | -57.1% |
| 2025 | +31.8% | -94.5% |
| 2026 | +61.8% | +3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTSI and SONM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MTSI and SONM?
As of 2026-08-27, the correlation of weekly returns between MTSI and SONM is 0.25 over 3 years, 0.35 over 1 year and 0.22 over 5 years.
Is SONM a good diversifier for MTSI?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 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/mtsi-vs-sonm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtsi-vs-sonm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTSI correlations · SONM correlations
