AMAT vs. ADI
AMAT (Applied Materials, Inc.) and ADI (Analog Devices, Inc.) are both stocks. Both are in the Technology sector — AMAT in Semiconductor Equipment & Materials, ADI in Semiconductors. Over the past 10 years, AMAT returned 38.86%/yr vs 24.34%/yr for ADI. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
AMAT vs. ADI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AMAT achieves a 121.28% return, which is significantly higher than ADI's 54.96% return. Over the past 10 years, AMAT has outperformed ADI with an annualized return of 38.86%, while ADI has yielded a comparatively lower 24.34% annualized return.
AMAT
- 1D
- 2.64%
- 1M
- 30.08%
- YTD
- 121.28%
- 6M
- 119.38%
- 1Y
- 234.96%
- 3Y*
- 60.05%
- 5Y*
- 34.02%
- 10Y*
- 38.86%
ADI
- 1D
- 1.37%
- 1M
- 0.35%
- YTD
- 54.96%
- 6M
- 50.45%
- 1Y
- 88.15%
- 3Y*
- 31.61%
- 5Y*
- 22.09%
- 10Y*
- 24.34%
AMAT vs. ADI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 121.28% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
ADI Analog Devices, Inc. | 54.96% | 29.75% | 8.82% | 23.36% | -4.91% | 20.96% | 26.87% | 41.31% | -1.64% | 25.30% |
Correlation
The correlation between AMAT and ADI is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.56 |
The correlation between AMAT and ADI shifts across timeframes, from 0.56 (all time) to 0.73 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AMAT:
$453.23B
ADI:
$204.91B
AMAT:
$10.61
ADI:
$6.72
AMAT:
53.45
ADI:
62.16
AMAT:
6.80
ADI:
3.83
AMAT:
15.67
ADI:
16.17
AMAT:
18.96
ADI:
6.07
AMAT:
$29.02B
ADI:
$12.74B
AMAT:
$14.21B
ADI:
$8.22B
AMAT:
$9.92B
ADI:
$6.19B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMAT vs. ADI — Risk / Return Rank
AMAT
ADI
AMAT vs. ADI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Materials, Inc. (AMAT) and Analog Devices, Inc. (ADI). 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.
| AMAT | ADI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.42 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 10.67 | 5.27 | +5.40 |
| Martin ratioReturn relative to average drawdown | 30.41 | 14.52 | +15.89 |
Loading charts...
Drawdowns
AMAT vs. ADI - Drawdown Comparison
The maximum AMAT drawdown since its inception was -85.22%, roughly equal to the maximum ADI drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for AMAT and ADI.
Loading charts...
Drawdown Indicators
| AMAT | ADI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.22% | -82.88% | -2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -15.73% | -5.64% |
Max Drawdown (3Y)Largest decline over 3 years | -49.88% | -32.20% | -17.68% |
Max Drawdown (5Y)Largest decline over 5 years | -55.14% | -32.20% | -22.94% |
Max Drawdown (10Y)Largest decline over 10 years | -55.14% | -33.62% | -21.52% |
Current DrawdownCurrent decline from peak | 0.00% | -4.54% | +4.54% |
Average DrawdownAverage peak-to-trough decline | -38.78% | -33.91% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 5.70% | +1.79% |
Volatility
AMAT vs. ADI - Volatility Comparison
Applied Materials, Inc. (AMAT) has a higher volatility of 20.52% compared to Analog Devices, Inc. (ADI) at 14.81%. This indicates that AMAT's price experiences larger fluctuations and is considered to be riskier than ADI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AMAT | ADI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.52% | 14.81% | +5.71% |
Volatility (6M)Calculated over the trailing 6-month period | 38.83% | 25.30% | +13.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.03% | 32.01% | +17.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.20% | 33.13% | +11.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.94% | 32.78% | +10.16% |
Dividends
AMAT vs. ADI - Dividend Comparison
AMAT's dividend yield for the trailing twelve months is around 0.34%, less than ADI's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADI Analog Devices, Inc. | 1.00% | 1.46% | 1.73% | 1.73% | 1.85% | 1.57% | 1.68% | 1.82% | 2.24% | 2.02% | 2.31% | 2.89% |
AMAT Applied Materials, Inc. | 0.34% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
Financials
AMAT vs. ADI - Financials Comparison
This section allows you to compare key financial metrics between Applied Materials, Inc. and Analog Devices, Inc.. 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
AMAT vs. ADI - Profitability Comparison
AMAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a gross profit of 3.95B and revenue of 7.91B. Therefore, the gross margin over that period was 49.9%.
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%.
AMAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported an operating income of 2.52B and revenue of 7.91B, resulting in an operating margin of 31.9%.
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%.
AMAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a net income of 2.81B and revenue of 7.91B, resulting in a net margin of 35.5%.
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%.
Frequently Asked Questions
AMAT and ADI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMAT has higher volatility (20.52%) compared to ADI (14.81%). In terms of maximum drawdown, AMAT dropped -85.22% vs ADI's -82.88%.
AMAT currently has the higher Sharpe Ratio (4.65 vs 2.59), 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.
Find the right allocation for AMAT and ADI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer