GEV vs. AMAT

Last updated Jun 9, 2026

GEV (GE Vernova Inc.) and AMAT (Applied Materials, Inc.) are both stocks. GEV operates in Specialty Industrial Machinery (Industrials), while AMAT operates in Semiconductor Equipment & Materials (Technology). Over the past year, GEV returned 92.97% vs 197.34% for AMAT. At a 0.46 correlation, their price movements are largely independent.

Performance

GEV vs. AMAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GE Vernova Inc. (GEV) and Applied Materials, Inc. (AMAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GEV achieves a 43.08% return, which is significantly lower than AMAT's 91.99% return.

GEV

• 1D: 0.03%
• 1M: -10.22%
• YTD: 43.08%
• 6M: 50.36%
• 1Y: 92.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMAT

• 1D: 8.64%
• 1M: 13.17%
• YTD: 91.99%
• 6M: 83.99%
• 1Y: 197.34%
• 3Y*: 54.75%
• 5Y*: 30.69%
• 10Y*: 36.71%

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

GEV vs. AMAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GEV GE Vernova Inc.	43.08%	99.02%	150.80%
AMAT Applied Materials, Inc.	91.99%	59.60%	-21.34%

Correlation

The correlation between GEV and AMAT 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 (All Time) Calculated using the full available price history since Mar 28, 2024	0.46

Fundamentals

Market Cap GEV : $254.01B AMAT : $393.24B
EPS GEV : $34.12 AMAT : $10.61
PE Ratio GEV : 27.37 AMAT : 46.38
PEG Ratio GEV : 0.13 AMAT : 5.90
PS Ratio GEV : 6.52 AMAT : 13.60
PB Ratio GEV : 18.25 AMAT : 16.45
Total Revenue (TTM) GEV : $39.38B AMAT : $29.02B
Gross Profit (TTM) GEV : $7.85B AMAT : $14.21B
EBITDA (TTM) GEV : $3.32B AMAT : $9.92B

Return for Risk

GEV vs. AMAT — Risk / Return Rank

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

GEV

GEV Risk / Return Rank: 88
GEV Sharpe Ratio Rank: 88
GEV Sortino Ratio Rank: 86
GEV Omega Ratio Rank: 83
GEV Calmar Ratio Rank: 92
GEV Martin Ratio Rank: 90

AMAT

AMAT Risk / Return Rank: 96
AMAT Sharpe Ratio Rank: 98
AMAT Sortino Ratio Rank: 94
AMAT Omega Ratio Rank: 95
AMAT Calmar Ratio Rank: 97
AMAT Martin Ratio Rank: 97

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.

GEV vs. AMAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GE Vernova Inc. (GEV) and Applied Materials, Inc. (AMAT). 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.

	GEV	AMAT	Difference
Sharpe ratio: Return per unit of total volatility	1.92	4.15	-2.23
Sortino ratio: Return per unit of downside risk	2.70	3.81	-1.11
Omega ratio: Gain probability vs. loss probability	1.33	1.55	-0.22
Calmar ratio: Return relative to maximum drawdown	4.98	9.29	-4.32
Martin ratio: Return relative to average drawdown	11.85	26.48	-14.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GEV vs. AMAT - Sharpe Ratio Comparison

The current GEV Sharpe Ratio is 1.92, which is lower than the AMAT Sharpe Ratio of 4.15. The chart below compares the historical Sharpe Ratios of GEV and AMAT, 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

	GEV	AMAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	4.15	-2.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.77	0.43	+2.35

Drawdowns

GEV vs. AMAT - Drawdown Comparison

The maximum GEV drawdown since its inception was -38.29%, smaller than the maximum AMAT drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for GEV and AMAT.

Drawdown Indicators

	GEV	AMAT	Difference
Max Drawdown Largest peak-to-trough decline	-38.29%	-85.22%	+46.93%
Max Drawdown (1Y) Largest decline over 1 year	-18.78%	-21.37%	+2.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-49.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-55.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.14%	—
Current Drawdown Current decline from peak	-18.76%	-1.90%	-16.86%
Average Drawdown Average peak-to-trough decline	-6.90%	-38.80%	+31.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.88%	7.49%	+0.39%

Volatility

GEV vs. AMAT - Volatility Comparison

The current volatility for GE Vernova Inc. (GEV) is 10.55%, while Applied Materials, Inc. (AMAT) has a volatility of 19.01%. This indicates that GEV experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEV	AMAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.55%	19.01%	-8.46%
Volatility (6M) Calculated over the trailing 6-month period	36.38%	37.52%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	48.74%	47.94%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.76%	43.93%	+8.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.76%	42.81%	+9.95%

Dividends

GEV vs. AMAT - Dividend Comparison

GEV's dividend yield for the trailing twelve months is around 0.16%, less than AMAT's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMAT Applied Materials, Inc.	0.39%	0.69%	0.93%	0.75%	1.05%	0.60%	1.01%	1.36%	2.14%	0.78%	1.24%	2.14%
GEV GE Vernova Inc.	0.16%	0.11%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

GEV vs. AMAT - Profitability Comparison

The chart below illustrates the profitability comparison between GE Vernova Inc. and Applied Materials, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GEV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported a gross profit of 1.78B and revenue of 9.34B. Therefore, the gross margin over that period was 19.1%.

AMAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a gross profit of 3.95B and revenue of 7.91B. Therefore, the gross margin over that period was 49.9%.

GEV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported an operating income of 179.00M and revenue of 9.34B, resulting in an operating margin of 1.9%.

AMAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported an operating income of 2.52B and revenue of 7.91B, resulting in an operating margin of 31.9%.

GEV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported a net income of 4.75B and revenue of 9.34B, resulting in a net margin of 50.8%.

AMAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a net income of 2.81B and revenue of 7.91B, resulting in a net margin of 35.5%.

Frequently Asked Questions

Can I hold both GEV and AMAT in my portfolio?

GEV and AMAT 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, GEV or AMAT?

AMAT has higher volatility (19.01%) compared to GEV (10.55%). In terms of maximum drawdown, GEV dropped -38.29% vs AMAT's -85.22%.

Which has better risk-adjusted returns?

AMAT currently has the higher Sharpe Ratio (4.15 vs 1.92), 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.