MXL vs RTX: Correlation
MaxLinear, Inc (MXL) and RTX Corporation (RTX) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXL and RTX?
On 3 years of weekly data the MXL/RTX correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.20). The 5-year figure is -0.08, and annualized covariance runs at -535.1 %².
By 3-year correlation, RTX places #17 of the 24 assets tracked against MXL. Their recent paths diverged sharply: over the last 12 months MXL outperformed by 244.2 percentage points (+278.9% for MXL against +34.7% for RTX). Risk is not evenly split, since MXL carries 4.2 times the volatility of the other side.
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 RTX: side by side
| MXL (MaxLinear, Inc) | RTX (RTX Corporation) | |
|---|---|---|
| 1-year return | +278.9% | +34.7% |
| 5-year return | +19.8% | +178.4% |
| Volatility (ann.) | 105.2% | 25.1% |
| Beta vs S&P 500 | 2.50 | 0.57 |
| Max drawdown (3Y) | -63.9% | -19.7% |
| Market cap | $5.8B | $285.8B |
| P/E (trailing) | – | 37.3 |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MXL | RTX |
|---|---|---|
| 2022 | -55.0% | +20.0% |
| 2023 | -30.0% | -14.4% |
| 2024 | -16.8% | +40.8% |
| 2025 | -11.9% | +61.4% |
| 2026 | +263.9% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXL and RTX good diversifiers for each other?
Yes. With a correlation of -0.20, MXL and RTX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MXL and RTX?
As of 2026-08-27, the correlation of weekly returns between MXL and RTX is -0.20 over 3 years, -0.36 over 1 year and -0.08 over 5 years.
Is RTX a good diversifier for MXL?
Yes. With a correlation of -0.20, MXL and RTX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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-rtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mxl-vs-rtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MXL correlations · RTX correlations
