MU vs QCOM: Correlation
Micron Technology (MU) and Qualcomm (QCOM) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MU and QCOM?
Over the past 3 years, MU and QCOM moved with a correlation of 0.57, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 1520.0 %².
Within MU's tracked universe of 32 assets, QCOM comes in at #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MU outperformed by 690.4 percentage points (+695.7% for MU against +5.3% for QCOM). On a rolling one-year basis the correlation drifted between 0.37 and 0.73, a moderate band.
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 QCOM: side by side
| MU (Micron Technology) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | +695.7% | +5.3% |
| 5-year return | +1211.2% | +25.8% |
| Volatility (ann.) | 63.3% | 42.4% |
| Beta vs S&P 500 | 2.47 | 1.77 |
| Max drawdown (3Y) | -57.6% | -44.2% |
| Market cap | – | $176.0B |
| P/E (trailing) | 21.2 | 18.9 |
| Dividend yield | 0.06% | 2.19% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | MU | QCOM |
|---|---|---|
| 2022 | -45.9% | -38.6% |
| 2023 | +71.9% | +35.1% |
| 2024 | -1.0% | +8.3% |
| 2025 | +240.2% | +13.8% |
| 2026 | +227.9% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MU and QCOM good diversifiers for each other?
To a limited degree. At 0.57 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 MU and QCOM?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.54 over the last year and 0.55 over 5 years.
Is QCOM a good diversifier for MU?
To a limited degree. At 0.57 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 0.57 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/mu-vs-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mu-vs-qcom/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MU correlations · QCOM correlations
