MCHP correlations (Microchip Technology)
MCHP measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.
Data as of 2026-08-27 · refreshed every trading day · Information Technology · Semiconductors
Volatility (ann.)
46.7%
3y weekly
Beta vs S&P 500
1.97
3y weekly
1-year return
+16.2%
price, adjusted
5-year return
+5.9%
price, adjusted
Market cap
$41.0B
latest
P/E ratio
109.4
trailing
Dividend yield
2.46%
trailing
Max drawdown
-63.8%
3y, daily closes
MCHP over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with MCHP
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| ADI | Analog Devices | 0.85 | |
| NXPI | NXP Semiconductors | 0.80 | |
| TXN | Texas Instruments | 0.76 | |
| DIOD | Diodes Incorporated | 0.76 | |
| SOXX | iShares Semiconductor ETF | 0.76 | |
| STM | STMicroelectronics N.V. | 0.71 | |
| ENTG | Entegris, Inc. | 0.71 | |
| SMH | VanEck Semiconductor ETF | 0.71 | |
| POWI | Power Integrations, Inc. | 0.70 | |
| ON | ON Semiconductor | 0.69 | |
| SYNA | Synaptics Incorporated | 0.69 | |
| ALGM | Allegro MicroSystems, Inc. | 0.66 | |
| AMKR | Amkor Technology, Inc. | 0.66 | |
| AVT | Avnet, Inc. | 0.66 | |
| VT | Vanguard Total World Stock ETF | 0.64 |
Best diversifiers for MCHP
These are the assets whose returns had the least to do with MCHP's, historically the most independent picks in our universe.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.54 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.50 | |
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.47 | |
| EXC | Exelon | -0.21 | |
| COR | Cencora | -0.20 | |
| KR | Kroger | -0.20 | |
| DUK | Duke Energy | -0.19 | |
| ED | Consolidated Edison | -0.18 | |
| ANNA | AleAnna, Inc. | -0.17 | |
| QUCY | Quantum Cyber N.V. | -0.17 |
MCHP vs benchmarks
MCHP vs its peers
Get MCHP data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/mchp.jsonCorrelations, diversifiers, beta and volatility for MCHP, plus one endpoint per pair. API documentation.
MCHP inside major ETFs
| ETF | MCHP weight | |
|---|---|---|
| SOXX | iShares Semiconductor ETF | 2.19% |
| XLK | Technology Select Sector SPDR Fund | 0.27% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.21% |
| QQQ | Invesco QQQ Trust | 0.18% |
| QQQM | Invesco Nasdaq 100 ETF | 0.18% |
| DGRO | iShares Core Dividend Growth ETF | 0.17% |
| VIG | Vanguard Dividend Appreciation ETF | 0.17% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.16% |
| VYM | Vanguard High Dividend Yield ETF | 0.16% |
| VTV | Vanguard Value ETF | 0.15% |
