ARW vs. GRMN

Last updated Jun 4, 2026

ARW (Arrow Electronics, Inc.) and GRMN (Garmin Ltd.) are both stocks. Both are in the Technology sector — ARW in Electronics & Computer Distribution, GRMN in Scientific & Technical Instruments. Over the past 10 years, ARW returned 13.44%/yr vs 22.06%/yr for GRMN. At a 0.42 correlation, their price movements are largely independent.

Performance

ARW vs. GRMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow Electronics, Inc. (ARW) and Garmin Ltd. (GRMN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARW achieves a 108.16% return, which is significantly higher than GRMN's 17.75% return. Over the past 10 years, ARW has underperformed GRMN with an annualized return of 13.44%, while GRMN has yielded a comparatively higher 22.06% annualized return.

ARW

• 1D: 0.42%
• 1M: 23.63%
• YTD: 108.16%
• 6M: 106.71%
• 1Y: 90.63%
• 3Y*: 21.21%
• 5Y*: 13.44%
• 10Y*: 13.44%

GRMN

• 1D: -1.28%
• 1M: -0.28%
• YTD: 17.75%
• 6M: 20.26%
• 1Y: 18.27%
• 3Y*: 33.24%
• 5Y*: 13.02%
• 10Y*: 22.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARW vs. GRMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARW Arrow Electronics, Inc.	108.16%	-2.60%	-7.47%	16.91%	-22.12%	38.00%	14.82%	22.90%	-14.25%	12.78%
GRMN Garmin Ltd.	17.75%	-0.06%	63.25%	43.12%	-30.20%	15.90%	25.86%	58.13%	9.84%	27.60%

Correlation

The correlation between ARW and GRMN is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Dec 13, 2000	0.42

The correlation between ARW and GRMN shifts across timeframes, from 0.42 (all time) to 0.53 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ARW : $11.86B GRMN : $46.06B
EPS ARW : $13.95 GRMN : $8.97
PE Ratio ARW : 16.45 GRMN : 26.53
PEG Ratio ARW : 5.24 GRMN : 2.13
PS Ratio ARW : 0.36 GRMN : 6.17
PB Ratio ARW : 1.76 GRMN : 4.97
Total Revenue (TTM) ARW : $33.51B GRMN : $7.46B
Gross Profit (TTM) ARW : $3.75B GRMN : $4.41B
EBITDA (TTM) ARW : $1.18B GRMN : $2.26B

Return for Risk

ARW vs. GRMN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARW

ARW Risk / Return Rank: 90
ARW Sharpe Ratio Rank: 93
ARW Sortino Ratio Rank: 92
ARW Omega Ratio Rank: 92
ARW Calmar Ratio Rank: 87
ARW Martin Ratio Rank: 86

GRMN

GRMN Risk / Return Rank: 56
GRMN Sharpe Ratio Rank: 61
GRMN Sortino Ratio Rank: 53
GRMN Omega Ratio Rank: 55
GRMN Calmar Ratio Rank: 55
GRMN Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARW vs. GRMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow Electronics, Inc. (ARW) and Garmin Ltd. (GRMN). 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.

	ARW	GRMN	Difference
Sharpe ratio Return per unit of total volatility	2.69	0.61	+2.07
Sortino ratio Return per unit of downside risk	3.52	0.99	+2.54
Omega ratio Gain probability vs. loss probability	1.48	1.14	+0.34
Calmar ratio Return relative to maximum drawdown	3.87	0.66	+3.21
Martin ratio Return relative to average drawdown	9.31	1.45	+7.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARW vs. GRMN - Sharpe Ratio Comparison

The current ARW Sharpe Ratio is 2.69, which is higher than the GRMN Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of ARW and GRMN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARW	GRMN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.69	0.61	+2.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.43	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.78	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.45	-0.26

Drawdowns

ARW vs. GRMN - Drawdown Comparison

The maximum ARW drawdown since its inception was -86.03%, roughly equal to the maximum GRMN drawdown of -87.71%. Use the drawdown chart below to compare losses from any high point for ARW and GRMN.

Drawdown Indicators

	ARW	GRMN	Difference
Max Drawdown Largest peak-to-trough decline	-86.03%	-87.71%	+1.68%
Max Drawdown (1Y) Largest decline over 1 year	-23.54%	-27.97%	+4.43%
Max Drawdown (3Y) Largest decline over 3 years	-38.16%	-27.97%	-10.19%
Max Drawdown (5Y) Largest decline over 5 years	-38.16%	-54.63%	+16.47%
Max Drawdown (10Y) Largest decline over 10 years	-52.77%	-54.63%	+1.86%
Current Drawdown Current decline from peak	0.00%	-11.06%	+11.06%
Average Drawdown Average peak-to-trough decline	-29.31%	-31.54%	+2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.77%	12.65%	-2.88%

Volatility

ARW vs. GRMN - Volatility Comparison

Arrow Electronics, Inc. (ARW) has a higher volatility of 10.49% compared to Garmin Ltd. (GRMN) at 8.32%. This indicates that ARW's price experiences larger fluctuations and is considered to be riskier than GRMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARW	GRMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.49%	8.32%	+2.17%
Volatility (6M) Calculated over the trailing 6-month period	25.77%	22.04%	+3.73%
Volatility (1Y) Calculated over the trailing 1-year period	33.97%	29.94%	+4.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.17%	30.36%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.56%	28.33%	+1.23%

Dividends

ARW vs. GRMN - Dividend Comparison

ARW has not paid dividends to shareholders, while GRMN's dividend yield for the trailing twelve months is around 1.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARW Arrow Electronics, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GRMN Garmin Ltd.	1.51%	1.70%	1.44%	2.27%	3.10%	1.92%	2.01%	2.30%	3.32%	3.42%	4.21%	5.41%

Financials

ARW vs. GRMN - Profitability Comparison

The chart below illustrates the profitability comparison between Arrow Electronics, Inc. and Garmin Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ARW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Arrow Electronics, Inc. reported a gross profit of 1.09B and revenue of 9.47B. Therefore, the gross margin over that period was 11.5%.

GRMN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a gross profit of 1.04B and revenue of 1.75B. Therefore, the gross margin over that period was 59.4%.

ARW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Arrow Electronics, Inc. reported an operating income of 361.60M and revenue of 9.47B, resulting in an operating margin of 3.8%.

GRMN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported an operating income of 431.67M and revenue of 1.75B, resulting in an operating margin of 24.6%.

ARW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Arrow Electronics, Inc. reported a net income of 235.11M and revenue of 9.47B, resulting in a net margin of 2.5%.

GRMN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a net income of 405.08M and revenue of 1.75B, resulting in a net margin of 23.1%.

Frequently Asked Questions

Can I hold both ARW and GRMN in my portfolio?

ARW and GRMN have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARW or GRMN?

ARW has higher volatility (10.49%) compared to GRMN (8.32%). In terms of maximum drawdown, ARW dropped -86.03% vs GRMN's -87.71%.

Which has better risk-adjusted returns?

ARW currently has the higher Sharpe Ratio (2.69 vs 0.61), 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.