MU vs PPC: Correlation
Measured on weekly returns over the past three years, Micron Technology (MU) and Pilgrim's Pride Corporation (PPC) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MU and PPC?
Over the past 3 years, MU and PPC moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.21). Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -406.5 %².
Among the 32 assets we track against MU, PPC sits near the bottom by co-movement, at rank #28. Their recent paths diverged sharply: over the last 12 months MU outperformed by 726.5 percentage points (+695.7% for MU against -30.8% for PPC). Note the risk asymmetry: MU runs 2.1 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.
MU vs PPC: side by side
| MU (Micron Technology) | PPC (Pilgrim's Pride Corporation) | |
|---|---|---|
| 1-year return | +695.7% | -30.8% |
| 5-year return | +1211.2% | +32.4% |
| Volatility (ann.) | 63.3% | 30.3% |
| Beta vs S&P 500 | 2.47 | -0.17 |
| Max drawdown (3Y) | -57.6% | -49.2% |
| Market cap | – | $7.4B |
| P/E (trailing) | 21.2 | 13.6 |
| Dividend yield | 0.06% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MU | PPC |
|---|---|---|
| 2022 | -45.9% | -15.9% |
| 2023 | +71.9% | +16.6% |
| 2024 | -1.0% | +64.1% |
| 2025 | +240.2% | +1.4% |
| 2026 | +227.9% | -20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MU and PPC good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between MU and PPC?
The MU/PPC correlation stands at -0.21 on a 3-year window (1 year: -0.35, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is PPC a good diversifier for MU?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/mu-vs-ppc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mu-vs-ppc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MU correlations · PPC correlations
