ADI vs. MCHP
ADI (Analog Devices, Inc.) and MCHP (Microchip Technology Incorporated) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, ADI returned 24.48%/yr vs 16.14%/yr for MCHP. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
ADI vs. MCHP - Performance Comparison
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Returns By Period
In the year-to-date period, ADI achieves a 51.05% return, which is significantly higher than MCHP's 47.96% return. Over the past 10 years, ADI has outperformed MCHP with an annualized return of 24.48%, while MCHP has yielded a comparatively lower 16.14% annualized return.
ADI
- 1D
- -8.58%
- 1M
- 2.85%
- YTD
- 51.05%
- 6M
- 48.03%
- 1Y
- 78.69%
- 3Y*
- 31.98%
- 5Y*
- 21.55%
- 10Y*
- 24.48%
MCHP
- 1D
- -9.20%
- 1M
- -0.18%
- YTD
- 47.96%
- 6M
- 44.27%
- 1Y
- 39.68%
- 3Y*
- 7.03%
- 5Y*
- 6.82%
- 10Y*
- 16.14%
ADI vs. MCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADI Analog Devices, Inc. | 51.05% | 29.75% | 8.82% | 23.36% | -4.91% | 20.96% | 26.87% | 41.31% | -1.64% | 25.30% |
MCHP Microchip Technology Incorporated | 47.96% | 14.61% | -34.96% | 30.90% | -17.98% | 27.49% | 33.73% | 48.02% | -16.71% | 39.46% |
Correlation
The correlation between ADI and MCHP is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 1993 | 0.63 |
The correlation between ADI and MCHP shifts across timeframes, from 0.63 (all time) to 0.84 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ADI:
$6.72
MCHP:
$0.43
ADI:
60.60
MCHP:
217.09
ADI:
3.73
MCHP:
3.27
ADI:
15.76
MCHP:
8.03
ADI:
$12.74B
MCHP:
$4.71B
ADI:
$8.22B
MCHP:
$2.72B
ADI:
$6.19B
MCHP:
$1.02B
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Return for Risk
ADI vs. MCHP — Risk / Return Rank
ADI
MCHP
ADI vs. MCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Analog Devices, Inc. (ADI) and Microchip Technology Incorporated (MCHP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ADI | MCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.18 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.03 | 1.16 | +3.87 |
| Martin ratioReturn relative to average drawdown | 13.76 | 3.06 | +10.70 |
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Drawdowns
ADI vs. MCHP - Drawdown Comparison
The maximum ADI drawdown since its inception was -82.88%, which is greater than MCHP's maximum drawdown of -63.77%. Use the drawdown chart below to compare losses from any high point for ADI and MCHP.
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Drawdown Indicators
| ADI | MCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.88% | -63.77% | -19.11% |
Max Drawdown (1Y)Largest decline over 1 year | -15.73% | -34.41% | +18.68% |
Max Drawdown (3Y)Largest decline over 3 years | -32.20% | -63.77% | +31.57% |
Max Drawdown (5Y)Largest decline over 5 years | -32.20% | -63.77% | +31.57% |
Max Drawdown (10Y)Largest decline over 10 years | -33.62% | -63.77% | +30.15% |
Current DrawdownCurrent decline from peak | -8.58% | -9.20% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -33.89% | -16.70% | -17.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.74% | 13.02% | -7.28% |
Volatility
ADI vs. MCHP - Volatility Comparison
The current volatility for Analog Devices, Inc. (ADI) is 17.55%, while Microchip Technology Incorporated (MCHP) has a volatility of 20.70%. This indicates that ADI experiences smaller price fluctuations and is considered to be less risky than MCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADI | MCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.55% | 20.70% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 27.40% | 34.78% | -7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.44% | 45.72% | -12.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.48% | 44.58% | -11.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.92% | 42.11% | -9.19% |
Dividends
ADI vs. MCHP - Dividend Comparison
ADI's dividend yield for the trailing twelve months is around 1.03%, less than MCHP's 1.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADI Analog Devices, Inc. | 1.03% | 1.46% | 1.73% | 1.73% | 1.85% | 1.57% | 1.68% | 1.82% | 2.24% | 2.02% | 2.31% | 2.89% |
MCHP Microchip Technology Incorporated | 1.95% | 2.86% | 3.16% | 1.76% | 1.65% | 0.98% | 1.07% | 1.40% | 2.02% | 1.65% | 2.24% | 3.07% |
Financials
ADI vs. MCHP - Financials Comparison
This section allows you to compare key financial metrics between Analog Devices, Inc. and Microchip Technology Incorporated. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ADI vs. MCHP - Profitability Comparison
ADI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported a gross profit of 2.44B and revenue of 3.62B. Therefore, the gross margin over that period was 67.3%.
MCHP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported a gross profit of 967.30M and revenue of 1.31B. Therefore, the gross margin over that period was 73.8%.
ADI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported an operating income of 1.38B and revenue of 3.62B, resulting in an operating margin of 38.1%.
MCHP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported an operating income of 211.10M and revenue of 1.31B, resulting in an operating margin of 16.1%.
ADI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported a net income of 1.18B and revenue of 3.62B, resulting in a net margin of 32.5%.
MCHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported a net income of 116.40M and revenue of 1.31B, resulting in a net margin of 8.9%.
Frequently Asked Questions
ADI and MCHP have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCHP has higher volatility (20.70%) compared to ADI (17.55%). In terms of maximum drawdown, ADI dropped -82.88% vs MCHP's -63.77%.
ADI currently has the higher Sharpe Ratio (2.37 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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