AVNT vs. MCHP
AVNT (Avient Corporation) and MCHP (Microchip Technology Incorporated) are both stocks. AVNT operates in Specialty Chemicals (Basic Materials), while MCHP operates in Semiconductors (Technology). Over the past 10 years, AVNT returned 2.45%/yr vs 15.99%/yr for MCHP. At a 0.41 correlation, their price movements are largely independent.
Performance
AVNT vs. MCHP - Performance Comparison
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Returns By Period
In the year-to-date period, AVNT achieves a 21.85% return, which is significantly lower than MCHP's 51.10% return. Over the past 10 years, AVNT has underperformed MCHP with an annualized return of 2.45%, while MCHP has yielded a comparatively higher 15.99% annualized return.
AVNT
- 1D
- 3.40%
- 1M
- 9.99%
- YTD
- 21.85%
- 6M
- 22.95%
- 1Y
- 9.14%
- 3Y*
- 0.46%
- 5Y*
- -3.52%
- 10Y*
- 2.45%
MCHP
- 1D
- 2.47%
- 1M
- -1.03%
- YTD
- 51.10%
- 6M
- 43.32%
- 1Y
- 44.01%
- 3Y*
- 6.19%
- 5Y*
- 6.57%
- 10Y*
- 15.99%
AVNT vs. MCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVNT Avient Corporation | 21.85% | -21.17% | 0.62% | 26.38% | -38.23% | 41.33% | 12.93% | 31.90% | -33.01% | 37.84% |
MCHP Microchip Technology Incorporated | 51.10% | 14.61% | -34.96% | 30.90% | -17.98% | 27.49% | 33.73% | 48.02% | -16.71% | 39.46% |
Correlation
The correlation between AVNT and MCHP 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 | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 1999 | 0.41 |
The correlation between AVNT and MCHP shifts across timeframes, from 0.41 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AVNT:
$1.72
MCHP:
$0.43
AVNT:
21.97
MCHP:
221.70
AVNT:
0.47
MCHP:
3.34
AVNT:
1.06
MCHP:
8.20
AVNT:
$3.28B
MCHP:
$4.71B
AVNT:
$1.04B
MCHP:
$2.72B
AVNT:
$481.10M
MCHP:
$1.02B
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Return for Risk
AVNT vs. MCHP — Risk / Return Rank
AVNT
MCHP
AVNT vs. MCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avient Corporation (AVNT) 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.
| AVNT | MCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.20 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.28 | -0.94 |
| Martin ratioReturn relative to average drawdown | 0.69 | 3.40 | -2.71 |
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Drawdowns
AVNT vs. MCHP - Drawdown Comparison
The maximum AVNT drawdown since its inception was -89.80%, which is greater than MCHP's maximum drawdown of -63.77%. Use the drawdown chart below to compare losses from any high point for AVNT and MCHP.
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Drawdown Indicators
| AVNT | MCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.80% | -63.77% | -26.03% |
Max Drawdown (1Y)Largest decline over 1 year | -26.89% | -34.41% | +7.52% |
Max Drawdown (3Y)Largest decline over 3 years | -46.88% | -63.77% | +16.89% |
Max Drawdown (5Y)Largest decline over 5 years | -52.94% | -63.77% | +10.83% |
Max Drawdown (10Y)Largest decline over 10 years | -76.89% | -63.77% | -13.12% |
Current DrawdownCurrent decline from peak | -30.39% | -7.00% | -23.39% |
Average DrawdownAverage peak-to-trough decline | -28.85% | -16.71% | -12.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.37% | 12.99% | +0.38% |
Volatility
AVNT vs. MCHP - Volatility Comparison
The current volatility for Avient Corporation (AVNT) is 10.37%, while Microchip Technology Incorporated (MCHP) has a volatility of 16.18%. This indicates that AVNT 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
| AVNT | MCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.37% | 16.18% | -5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 23.62% | 32.33% | -8.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.79% | 44.05% | -10.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.99% | 44.17% | -7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.88% | 41.91% | -2.03% |
Dividends
AVNT vs. MCHP - Dividend Comparison
AVNT's dividend yield for the trailing twelve months is around 2.89%, more than MCHP's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVNT Avient Corporation | 2.89% | 3.47% | 2.55% | 2.41% | 2.84% | 1.56% | 2.04% | 2.14% | 2.52% | 1.33% | 1.54% | 1.32% |
MCHP Microchip Technology Incorporated | 1.91% | 2.86% | 3.16% | 1.76% | 1.65% | 0.98% | 1.07% | 1.40% | 2.02% | 1.65% | 2.24% | 3.07% |
Financials
AVNT vs. MCHP - Financials Comparison
This section allows you to compare key financial metrics between Avient Corporation 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
AVNT vs. MCHP - Profitability Comparison
AVNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Avient Corporation reported a gross profit of 272.60M and revenue of 847.40M. Therefore, the gross margin over that period was 32.2%.
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%.
AVNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Avient Corporation reported an operating income of 95.80M and revenue of 847.40M, resulting in an operating margin of 11.3%.
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%.
AVNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Avient Corporation reported a net income of 55.70M and revenue of 847.40M, resulting in a net margin of 6.6%.
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
AVNT and MCHP 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.
MCHP has higher volatility (16.18%) compared to AVNT (10.37%). In terms of maximum drawdown, AVNT dropped -89.80% vs MCHP's -63.77%.
MCHP currently has the higher Sharpe Ratio (1.01 vs 0.27), 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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