ASML vs. MA

Last updated Jun 9, 2026

ASML (ASML Holding N.V.) and MA (Mastercard Incorporated) are both stocks. ASML operates in Semiconductor Equipment & Materials (Technology), while MA operates in Credit Services (Financial Services). Over the past 10 years, ASML returned 34.75%/yr vs 18.40%/yr for MA. At a 0.42 correlation, their price movements are largely independent.

Performance

ASML vs. MA - Performance Comparison

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

Returns By Period

In the year-to-date period, ASML achieves a 64.06% return, which is significantly higher than MA's -14.65% return. Over the past 10 years, ASML has outperformed MA with an annualized return of 34.75%, while MA has yielded a comparatively lower 18.40% annualized return.

ASML

• 1D: 6.54%
• 1M: 9.86%
• YTD: 64.06%
• 6M: 56.76%
• 1Y: 134.10%
• 3Y*: 36.05%
• 5Y*: 21.93%
• 10Y*: 34.75%

MA

• 1D: -1.10%
• 1M: -1.98%
• YTD: -14.65%
• 6M: -9.84%
• 1Y: -17.21%
• 3Y*: 10.21%
• 5Y*: 6.59%
• 10Y*: 18.40%

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

ASML vs. MA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASML ASML Holding N.V.	64.06%	56.51%	-7.70%	39.91%	-30.49%	64.13%	66.06%	93.56%	-9.80%	56.23%
MA Mastercard Incorporated	-14.65%	9.04%	24.17%	23.40%	-2.66%	1.16%	20.19%	59.16%	25.31%	47.69%

Correlation

The correlation between ASML and MA is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since May 26, 2006	0.42

The correlation between ASML and MA shifts across timeframes, from -0.01 (1 year) to 0.44 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ASML : $674.60B MA : $433.70B
EPS ASML : $25.86 MA : $17.28
PE Ratio ASML : 67.64 MA : 28.11
PEG Ratio ASML : 4.45 MA : 1.64
PS Ratio ASML : 20.10 MA : 12.90
PB Ratio ASML : 32.39 MA : 64.52
Total Revenue (TTM) ASML : $33.69B MA : $33.94B
Gross Profit (TTM) ASML : $17.72B MA : $26.70B
EBITDA (TTM) ASML : $12.99B MA : $21.23B

Return for Risk

ASML vs. MA — Risk / Return Rank

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

ASML

ASML Risk / Return Rank: 95
ASML Sharpe Ratio Rank: 96
ASML Sortino Ratio Rank: 94
ASML Omega Ratio Rank: 92
ASML Calmar Ratio Rank: 96
ASML Martin Ratio Rank: 96

MA

MA Risk / Return Rank: 9
MA Sharpe Ratio Rank: 10
MA Sortino Ratio Rank: 12
MA Omega Ratio Rank: 13
MA Calmar Ratio Rank: 10
MA Martin Ratio Rank: 3

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. MA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASML Holding N.V. (ASML) and Mastercard Incorporated (MA). 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.

	ASML	MA	Difference
Sharpe ratio: Return per unit of total volatility	3.24	-0.78	+4.02
Sortino ratio: Return per unit of downside risk	3.63	-0.97	+4.60
Omega ratio: Gain probability vs. loss probability	1.45	0.88	+0.57
Calmar ratio: Return relative to maximum drawdown	7.56	-0.83	+8.38
Martin ratio: Return relative to average drawdown	20.33	-1.68	+22.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASML vs. MA - Sharpe Ratio Comparison

The current ASML Sharpe Ratio is 3.24, which is higher than the MA Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of ASML and MA, 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

	ASML	MA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.24	-0.78	+4.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.28	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.69	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.83	-0.27

Drawdowns

ASML vs. MA - Drawdown Comparison

The maximum ASML drawdown since its inception was -90.00%, which is greater than MA's maximum drawdown of -62.67%. Use the drawdown chart below to compare losses from any high point for ASML and MA.

Drawdown Indicators

	ASML	MA	Difference
Max Drawdown Largest peak-to-trough decline	-90.00%	-62.67%	-27.33%
Max Drawdown (1Y) Largest decline over 1 year	-17.85%	-20.91%	+3.06%
Max Drawdown (3Y) Largest decline over 3 years	-45.38%	-20.91%	-24.47%
Max Drawdown (5Y) Largest decline over 5 years	-56.84%	-28.25%	-28.59%
Max Drawdown (10Y) Largest decline over 10 years	-56.84%	-41.00%	-15.84%
Current Drawdown Current decline from peak	-0.48%	-18.55%	+18.07%
Average Drawdown Average peak-to-trough decline	-28.14%	-9.82%	-18.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.62%	10.26%	-3.64%

Volatility

ASML vs. MA - Volatility Comparison

ASML Holding N.V. (ASML) has a higher volatility of 15.94% compared to Mastercard Incorporated (MA) at 6.33%. This indicates that ASML's price experiences larger fluctuations and is considered to be riskier than MA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASML	MA	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.94%	6.33%	+9.61%
Volatility (6M) Calculated over the trailing 6-month period	33.30%	17.37%	+15.93%
Volatility (1Y) Calculated over the trailing 1-year period	41.73%	22.28%	+19.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.23%	23.99%	+18.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.62%	26.93%	+11.69%

Dividends

ASML vs. MA - Dividend Comparison

ASML's dividend yield for the trailing twelve months is around 0.50%, less than MA's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML ASML Holding N.V.	0.50%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
MA Mastercard Incorporated	0.67%	0.53%	0.50%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%

Financials

ASML vs. MA - Profitability Comparison

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

ASML - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a gross profit of 4.65B and revenue of 8.77B. Therefore, the gross margin over that period was 53.0%.

MA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mastercard Incorporated reported a gross profit of 4.91B and revenue of 8.40B. Therefore, the gross margin over that period was 58.4%.

ASML - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported an operating income of 3.16B and revenue of 8.77B, resulting in an operating margin of 36.0%.

MA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mastercard Incorporated reported an operating income of 4.91B and revenue of 8.40B, resulting in an operating margin of 58.4%.

ASML - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a net income of 2.76B and revenue of 8.77B, resulting in a net margin of 31.4%.

MA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mastercard Incorporated reported a net income of 3.88B and revenue of 8.40B, resulting in a net margin of 46.2%.

Frequently Asked Questions

Can I hold both ASML and MA in my portfolio?

ASML and MA have a correlation of -0.01, 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 MA?

ASML has higher volatility (15.94%) compared to MA (6.33%). In terms of maximum drawdown, ASML dropped -90.00% vs MA's -62.67%.

Which has better risk-adjusted returns?

ASML currently has the higher Sharpe Ratio (3.24 vs -0.78), 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.