MXL vs TORO: Correlation
Measured on weekly returns over the past three years, MaxLinear, Inc (MXL) and Toro Corp. (TORO) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXL and TORO?
Across a 3-year window, the weekly returns of MXL and TORO correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.46 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 3778.7 %².
Among the 24 assets we track against MXL, TORO ranks #8 by 3-year correlation. Twelve-month performance is nearly a tie, at +278.9% for MXL and +276.3% for TORO.
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 TORO: side by side
| MXL (MaxLinear, Inc) | TORO (Toro Corp.) | |
|---|---|---|
| 1-year return | +278.9% | +276.3% |
| 5-year return | +19.8% | n/a |
| Volatility (ann.) | 105.2% | 78.4% |
| Beta vs S&P 500 | 2.50 | 0.97 |
| Max drawdown (3Y) | -63.9% | -71.5% |
| Market cap | $5.8B | $0.2B |
| P/E (trailing) | – | 311.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MXL | TORO |
|---|---|---|
| 2022 | -55.0% | – |
| 2023 | -30.0% | – |
| 2024 | -16.8% | -42.9% |
| 2025 | -11.9% | +87.9% |
| 2026 | +263.9% | +96.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXL and TORO good diversifiers for each other?
Reasonably. At 0.46, MXL and TORO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MXL and TORO?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.67 over the last year and n/a over 5 years.
Is TORO a good diversifier for MXL?
Reasonably. At 0.46, MXL and TORO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
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Related comparisons
Hubs: MXL correlations · TORO correlations
