MX vs VSH: Correlation
Measured on weekly returns over the past three years, Magnachip Semiconductor Corporation (MX) and Vishay Intertechnology, Inc. (VSH) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MX and VSH?
On 3 years of weekly data the MX/VSH correlation comes out at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 2073.1 %².
Among the 16 assets we track against MX, VSH ranks #5 by 3-year correlation. The last year tells two different stories: VSH led by 106.4 percentage points, +2.2% for MX against +108.6% for VSH. One caveat on sizing: MX is 1.5 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.
MX vs VSH: side by side
| MX (Magnachip Semiconductor Corporation) | VSH (Vishay Intertechnology, Inc.) | |
|---|---|---|
| 1-year return | +2.2% | +108.6% |
| 5-year return | -81.9% | +55.5% |
| Volatility (ann.) | 79.4% | 51.7% |
| Beta vs S&P 500 | 1.88 | 1.86 |
| Max drawdown (3Y) | -73.5% | -60.4% |
| Market cap | $0.1B | $4.9B |
| P/E (trailing) | – | 151.1 |
| Dividend yield | 0.00% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MX | VSH |
|---|---|---|
| 2022 | -55.2% | +0.7% |
| 2023 | -20.1% | +13.0% |
| 2024 | -46.4% | -27.9% |
| 2025 | -36.6% | -12.2% |
| 2026 | +27.1% | +120.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MX and VSH good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MX and VSH?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.48 over the last year and 0.48 over 5 years.
Is VSH a good diversifier for MX?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mx-vs-vsh.json
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Related comparisons
Hubs: MX correlations · VSH correlations
