CDW vs. MCHP
CDW (CDW Corporation) and MCHP (Microchip Technology Incorporated) are both stocks. Both are in the Technology sector — CDW in Information Technology Services, MCHP in Semiconductors. Over the past 10 years, CDW returned 13.42%/yr vs 15.99%/yr for MCHP. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
CDW vs. MCHP - Performance Comparison
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Returns By Period
In the year-to-date period, CDW achieves a -1.88% return, which is significantly lower than MCHP's 51.10% return. Over the past 10 years, CDW has underperformed MCHP with an annualized return of 13.42%, while MCHP has yielded a comparatively higher 15.99% annualized return.
CDW
- 1D
- 2.37%
- 1M
- 30.28%
- YTD
- -1.88%
- 6M
- -7.79%
- 1Y
- -20.93%
- 3Y*
- -7.68%
- 5Y*
- -3.49%
- 10Y*
- 13.42%
MCHP
- 1D
- 2.47%
- 1M
- 1.99%
- YTD
- 51.10%
- 6M
- 43.32%
- 1Y
- 48.83%
- 3Y*
- 6.19%
- 5Y*
- 6.57%
- 10Y*
- 15.99%
CDW vs. MCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | -1.88% | -20.56% | -22.57% | 28.84% | -11.75% | 56.87% | -6.55% | 78.22% | 17.98% | 34.92% |
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 CDW and MCHP is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2013 | 0.52 |
The correlation between CDW and MCHP shifts across timeframes, from 0.35 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CDW:
$8.22
MCHP:
$0.43
CDW:
16.09
MCHP:
221.70
CDW:
4.57
MCHP:
3.34
CDW:
0.76
MCHP:
8.20
CDW:
$22.90B
MCHP:
$4.71B
CDW:
$4.94B
MCHP:
$2.72B
CDW:
$1.89B
MCHP:
$1.02B
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Return for Risk
CDW vs. MCHP — Risk / Return Rank
CDW
MCHP
CDW vs. MCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CDW Corporation (CDW) 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.
| CDW | MCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.20 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 1.28 | -1.80 |
| Martin ratioReturn relative to average drawdown | -0.99 | 3.40 | -4.38 |
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Drawdowns
CDW vs. MCHP - Drawdown Comparison
The maximum CDW drawdown since its inception was -60.37%, smaller than the maximum MCHP drawdown of -63.77%. Use the drawdown chart below to compare losses from any high point for CDW and MCHP.
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Drawdown Indicators
| CDW | MCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.37% | -63.77% | +3.40% |
Max Drawdown (1Y)Largest decline over 1 year | -44.97% | -34.41% | -10.56% |
Max Drawdown (3Y)Largest decline over 3 years | -60.37% | -63.77% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -60.37% | -63.77% | +3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -60.37% | -63.77% | +3.40% |
Current DrawdownCurrent decline from peak | -46.93% | -7.00% | -39.93% |
Average DrawdownAverage peak-to-trough decline | -10.99% | -16.71% | +5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.22% | 12.99% | +10.23% |
Volatility
CDW vs. MCHP - Volatility Comparison
CDW Corporation (CDW) and Microchip Technology Incorporated (MCHP) have volatilities of 16.66% and 16.18%, 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.
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Volatility by Period
| CDW | MCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.66% | 16.18% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 35.93% | 32.33% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.26% | 44.05% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.99% | 44.17% | -13.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.95% | 41.91% | -10.96% |
Dividends
CDW vs. MCHP - Dividend Comparison
CDW's dividend yield for the trailing twelve months is around 1.90%, which matches MCHP's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | 1.90% | 1.84% | 1.43% | 1.05% | 1.17% | 0.83% | 1.17% | 0.89% | 1.14% | 0.99% | 0.93% | 0.74% |
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
CDW vs. MCHP - Financials Comparison
This section allows you to compare key financial metrics between CDW 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
CDW vs. MCHP - Profitability Comparison
CDW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CDW Corporation reported a gross profit of 1.19B and revenue of 5.68B. Therefore, the gross margin over that period was 21.0%.
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%.
CDW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CDW Corporation reported an operating income of 376.00M and revenue of 5.68B, resulting in an operating margin of 6.6%.
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%.
CDW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CDW Corporation reported a net income of 235.40M and revenue of 5.68B, resulting in a net margin of 4.1%.
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
CDW and MCHP have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDW has higher volatility (16.66%) compared to MCHP (16.18%). In terms of maximum drawdown, CDW dropped -60.37% vs MCHP's -63.77%.
MCHP currently has the higher Sharpe Ratio (1.01 vs -0.57), 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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