ASML vs. DUOL

Last updated Jul 21, 2026

ASML (ASML Holding N.V.) and DUOL (Duolingo, Inc.) are both stocks. Both are in the Technology sector — ASML in Semiconductor Equipment & Materials, DUOL in Software - Application. Over the past 3 years, ASML returned 37.24%/yr vs -3.61%/yr for DUOL. At a 0.27 correlation, their price movements are largely independent.

Performance

ASML vs. DUOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ASML Holding N.V. (ASML) and Duolingo, Inc. (DUOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASML achieves a 63.12% return, which is significantly higher than DUOL's -23.71% return.

ASML

• 1D: -0.49%
• 1M: -9.88%
• 6M: 28.45%
• YTD: 63.12%
• 1Y: 138.60%
• 3Y*: 37.24%
• 5Y*: 20.47%
• 10Y*: 33.59%
• ALL TIME*: 27.03%

DUOL

• 1D: 0.03%
• 1M: 6.63%
• 6M: -10.84%
• YTD: -23.71%
• 1Y: -63.86%
• 3Y*: -3.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.09%

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

ASML vs. DUOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ASML ASML Holding N.V.	63.12%	56.51%	-7.70%	39.91%	-30.49%	7.06%
DUOL Duolingo, Inc.	-23.71%	-45.87%	42.93%	218.92%	-32.97%	-24.96%

Correlation

The correlation between ASML and DUOL is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021	0.27

The correlation between ASML and DUOL shifts across timeframes, from -0.07 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ASML : $670.25B DUOL : $6.24B
EPS ASML : €27.54 DUOL : $13.23
PE Ratio ASML : 55.22 DUOL : 10.12
PEG Ratio ASML : 3.63 DUOL : 0.02
PS Ratio ASML : 16.63 DUOL : 3.89
Total Revenue (TTM) ASML : €35.33B DUOL : $1.10B
Gross Profit (TTM) ASML : €18.63B DUOL : $798.46M
EBITDA (TTM) ASML : €13.77B DUOL : $167.30M

Return for Risk

ASML vs. DUOL — Risk / Return Rank

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

ASML

ASML Risk / Return Rank: 96
ASML Sharpe Ratio Rank: 97
ASML Sortino Ratio Rank: 95
ASML Omega Ratio Rank: 93
ASML Calmar Ratio Rank: 98
ASML Martin Ratio Rank: 98

DUOL

DUOL Risk / Return Rank: 10
DUOL Sharpe Ratio Rank: 5
DUOL Sortino Ratio Rank: 6
DUOL Omega Ratio Rank: 6
DUOL Calmar Ratio Rank: 11
DUOL Martin Ratio Rank: 19

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.

ASML vs. DUOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASML Holding N.V. (ASML) and Duolingo, Inc. (DUOL). 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.

	ASML	DUOL	Difference
Sharpe ratio: Return per unit of total volatility	3.10	-0.99	+4.09
Sortino ratio: Return per unit of downside risk	3.47	-1.59	+5.06
Omega ratio: Gain probability vs. loss probability	1.42	0.80	+0.61
Calmar ratio: Return relative to maximum drawdown	7.81	-0.83	+8.64
Martin ratio: Return relative to average drawdown	24.29	-1.13	+25.43

ASML vs. DUOL - Sharpe Ratio Comparison

The current ASML Sharpe Ratio is 3.10, which is higher than the DUOL Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of ASML and DUOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASML vs. DUOL - Drawdown Comparison

The maximum ASML drawdown since its inception was -90.00%, which is greater than DUOL's maximum drawdown of -83.35%. Use the drawdown chart below to compare losses from any high point for ASML and DUOL.

Drawdown Indicators

	ASML	DUOL	Difference
Max Drawdown Largest peak-to-trough decline	-90.00%	-83.35%	-6.65%
Max Drawdown (1Y) Largest decline over 1 year	-17.85%	-76.96%	+59.11%
Max Drawdown (3Y) Largest decline over 3 years	-45.38%	-83.35%	+37.97%
Max Drawdown (5Y) Largest decline over 5 years	-56.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.84%	—	—
Current Drawdown Current decline from peak	-12.59%	-75.24%	+62.65%
Average Drawdown Average peak-to-trough decline	-28.06%	-36.54%	+8.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.75%	56.47%	-50.72%

Volatility

ASML vs. DUOL - Volatility Comparison

ASML Holding N.V. (ASML) and Duolingo, Inc. (DUOL) have volatilities of 17.75% and 17.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASML	DUOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.75%	17.29%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	36.22%	42.27%	-6.05%
Volatility (1Y) Calculated over the trailing 1-year period	45.08%	64.48%	-19.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.09%	66.04%	-22.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.00%	66.04%	-27.04%

Dividends

ASML vs. DUOL - Dividend Comparison

ASML's dividend yield for the trailing twelve months is around 0.51%, while DUOL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML ASML Holding N.V.	0.51%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
DUOL Duolingo, 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%

Financials

ASML vs. DUOL - Profitability Comparison

The chart below illustrates the profitability comparison between ASML Holding N.V. and Duolingo, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Portfolio components

ASML - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, ASML Holding N.V. reported a gross profit of 5.04B and revenue of 9.33B. Therefore, the gross margin over that period was 54.0%.

DUOL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Duolingo, Inc. reported a gross profit of 213.10M and revenue of 291.97M. Therefore, the gross margin over that period was 73.0%.

ASML - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, ASML Holding N.V. reported an operating income of 3.46B and revenue of 9.33B, resulting in an operating margin of 37.1%.

DUOL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Duolingo, Inc. reported an operating income of 44.53M and revenue of 291.97M, resulting in an operating margin of 15.3%.

ASML - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, ASML Holding N.V. reported a net income of 2.92B and revenue of 9.33B, resulting in a net margin of 31.3%.

DUOL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Duolingo, Inc. reported a net income of 43.46M and revenue of 291.97M, resulting in a net margin of 14.9%.

Frequently Asked Questions

Can I hold both ASML and DUOL in my portfolio?

ASML and DUOL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASML or DUOL?

ASML has higher volatility (17.75%) compared to DUOL (17.29%). In terms of maximum drawdown, ASML dropped -90.00% vs DUOL's -83.35%.

Which has better risk-adjusted returns?

ASML currently has the higher Sharpe Ratio (3.10 vs -0.99), 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.