MX vs POET: Correlation
Magnachip Semiconductor Corporation (MX) and POET Technologies Inc. (POET) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MX and POET?
On 3 years of weekly data the MX/POET correlation comes out at 0.37, moderate. The past 12 months show a tighter link (0.56) than the 3-year average (0.37). The 5-year figure is 0.35, and annualized covariance runs at 4430.2 %².
Within MX's tracked universe of 16 assets, POET comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months POET outperformed by 50.0 percentage points (+2.2% for MX against +52.2% for POET). Note the risk asymmetry: POET runs 1.9 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.
MX vs POET: side by side
| MX (Magnachip Semiconductor Corporation) | POET (POET Technologies Inc.) | |
|---|---|---|
| 1-year return | +2.2% | +52.2% |
| 5-year return | -81.9% | -3.6% |
| Volatility (ann.) | 79.4% | 150.2% |
| Beta vs S&P 500 | 1.88 | 2.33 |
| Max drawdown (3Y) | -73.5% | -80.1% |
| Market cap | $0.1B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MX | POET |
|---|---|---|
| 2022 | -55.2% | -57.5% |
| 2023 | -20.1% | -68.9% |
| 2024 | -46.4% | +533.0% |
| 2025 | -36.6% | +6.4% |
| 2026 | +27.1% | +29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MX and POET good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MX and POET?
The MX/POET correlation stands at 0.37 on a 3-year window (1 year: 0.56, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is POET a good diversifier for MX?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/mx-vs-poet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mx-vs-poet/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MX correlations · POET correlations
