MXL vs RLI: Correlation
How closely do MaxLinear, Inc (MXL) and RLI Corp. (RLI) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXL and RLI?
Over the past 3 years, MXL and RLI moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.25 over 3 years. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -591.1 %².
Within MXL's tracked universe of 24 assets, RLI comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MXL ahead by 277.0 points (+278.9% versus +1.9%). One caveat on sizing: MXL is 4.7 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.
MXL vs RLI: side by side
| MXL (MaxLinear, Inc) | RLI (RLI Corp.) | |
|---|---|---|
| 1-year return | +278.9% | +1.9% |
| 5-year return | +19.8% | +46.7% |
| Volatility (ann.) | 105.2% | 22.2% |
| Beta vs S&P 500 | 2.50 | 0.18 |
| Max drawdown (3Y) | -63.9% | -43.5% |
| Market cap | $5.8B | $5.9B |
| P/E (trailing) | – | 13.5 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MXL | RLI |
|---|---|---|
| 2022 | -55.0% | +24.8% |
| 2023 | -30.0% | +3.8% |
| 2024 | -16.8% | +27.6% |
| 2025 | -11.9% | -19.1% |
| 2026 | +263.9% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXL and RLI good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MXL and RLI?
As of 2026-08-27, the correlation of weekly returns between MXL and RLI is -0.25 over 3 years, -0.43 over 1 year and -0.12 over 5 years.
Is RLI a good diversifier for MXL?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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-rli.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mxl-vs-rli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MXL correlations · RLI correlations
