MXL vs OIO: Correlation
MaxLinear, Inc (MXL) and OIO Group (OIO) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXL and OIO?
Across a 3-year window, the weekly returns of MXL and OIO correlate at -0.30, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.68 versus -0.30 over 3 years. Stretching to 5 years gives -0.23, with an annualized covariance of -3183.1 %².
Out of 24 assets tracked against MXL, OIO lands near the bottom at #24. Correlation aside, the last 12 months split them widely, with MXL ahead by 353.0 points (+278.9% versus -74.1%).
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 OIO: side by side
| MXL (MaxLinear, Inc) | OIO (OIO Group) | |
|---|---|---|
| 1-year return | +278.9% | -74.1% |
| 5-year return | +19.8% | -93.0% |
| Volatility (ann.) | 105.2% | 100.9% |
| Beta vs S&P 500 | 2.50 | 0.48 |
| Max drawdown (3Y) | -63.9% | -87.4% |
| Market cap | $5.8B | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MXL | OIO |
|---|---|---|
| 2022 | -55.0% | – |
| 2023 | -30.0% | -93.1% |
| 2024 | -16.8% | +91.1% |
| 2025 | -11.9% | +200.8% |
| 2026 | +263.9% | -82.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXL and OIO good diversifiers for each other?
Yes. With a correlation of -0.30, MXL and OIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MXL and OIO?
As of 2026-08-27, the correlation of weekly returns between MXL and OIO is -0.30 over 3 years, -0.68 over 1 year and -0.23 over 5 years.
Is OIO a good diversifier for MXL?
Yes. With a correlation of -0.30, MXL and OIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 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/mxl-vs-oio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mxl-vs-oio/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MXL correlations · OIO correlations
