MXL vs NOC: Correlation
Measured on weekly returns over the past three years, MaxLinear, Inc (MXL) and Northrop Grumman (NOC) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXL and NOC?
Over the past 3 years, MXL and NOC moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.28). Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -779.5 %².
Among the 24 assets we track against MXL, NOC sits near the bottom by co-movement, at rank #21. Their recent paths diverged sharply: over the last 12 months MXL outperformed by 284.5 percentage points (+278.9% for MXL against -5.6% for NOC). Note the risk asymmetry: MXL runs 3.9 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.
MXL vs NOC: side by side
| MXL (MaxLinear, Inc) | NOC (Northrop Grumman) | |
|---|---|---|
| 1-year return | +278.9% | -5.6% |
| 5-year return | +19.8% | +60.1% |
| Volatility (ann.) | 105.2% | 26.7% |
| Beta vs S&P 500 | 2.50 | 0.24 |
| Max drawdown (3Y) | -63.9% | -35.1% |
| Market cap | $5.8B | $77.4B |
| P/E (trailing) | – | 17.5 |
| Dividend yield | 0.00% | 1.71% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MXL | NOC |
|---|---|---|
| 2022 | -55.0% | +43.0% |
| 2023 | -30.0% | -12.8% |
| 2024 | -16.8% | +1.9% |
| 2025 | -11.9% | +23.6% |
| 2026 | +263.9% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXL and NOC good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between MXL and NOC?
As of 2026-08-27, the correlation of weekly returns between MXL and NOC is -0.28 over 3 years, -0.47 over 1 year and -0.22 over 5 years.
Is NOC a good diversifier for MXL?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/mxl-vs-noc.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: MXL correlations · NOC correlations
