GRMN vs. ARW

Last updated Jun 4, 2026

GRMN (Garmin Ltd.) and ARW (Arrow Electronics, Inc.) are both stocks. Both are in the Technology sector — GRMN in Scientific & Technical Instruments, ARW in Electronics & Computer Distribution. Over the past 10 years, GRMN returned 22.06%/yr vs 13.44%/yr for ARW. At a 0.42 correlation, their price movements are largely independent.

Performance

GRMN vs. ARW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Garmin Ltd. (GRMN) and Arrow Electronics, Inc. (ARW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRMN achieves a 17.75% return, which is significantly lower than ARW's 108.16% return. Over the past 10 years, GRMN has outperformed ARW with an annualized return of 22.06%, while ARW has yielded a comparatively lower 13.44% annualized return.

GRMN

• 1D: -1.28%
• 1M: -0.28%
• YTD: 17.75%
• 6M: 20.26%
• 1Y: 18.27%
• 3Y*: 33.24%
• 5Y*: 13.02%
• 10Y*: 22.06%

ARW

• 1D: 0.42%
• 1M: 23.63%
• YTD: 108.16%
• 6M: 106.71%
• 1Y: 90.63%
• 3Y*: 21.21%
• 5Y*: 13.44%
• 10Y*: 13.44%

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

GRMN vs. ARW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GRMN Garmin Ltd.	17.75%	-0.06%	63.25%	43.12%	-30.20%	15.90%	25.86%	58.13%	9.84%	27.60%
ARW Arrow Electronics, Inc.	108.16%	-2.60%	-7.47%	16.91%	-22.12%	38.00%	14.82%	22.90%	-14.25%	12.78%

Correlation

The correlation between GRMN and ARW 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	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Dec 13, 2000	0.42

The correlation between GRMN and ARW shifts across timeframes, from 0.42 (all time) to 0.53 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GRMN : $46.06B ARW : $11.86B
EPS GRMN : $8.97 ARW : $13.95
PE Ratio GRMN : 26.53 ARW : 16.45
PEG Ratio GRMN : 2.13 ARW : 5.24
PS Ratio GRMN : 6.17 ARW : 0.36
PB Ratio GRMN : 4.97 ARW : 1.76
Total Revenue (TTM) GRMN : $7.46B ARW : $33.51B
Gross Profit (TTM) GRMN : $4.41B ARW : $3.75B
EBITDA (TTM) GRMN : $2.26B ARW : $1.18B

Return for Risk

GRMN vs. ARW — Risk / Return Rank

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

GRMN

GRMN Risk / Return Rank: 56
GRMN Sharpe Ratio Rank: 61
GRMN Sortino Ratio Rank: 53
GRMN Omega Ratio Rank: 55
GRMN Calmar Ratio Rank: 55
GRMN Martin Ratio Rank: 55

ARW

ARW Risk / Return Rank: 90
ARW Sharpe Ratio Rank: 93
ARW Sortino Ratio Rank: 92
ARW Omega Ratio Rank: 92
ARW Calmar Ratio Rank: 87
ARW Martin Ratio Rank: 86

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.

GRMN vs. ARW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Garmin Ltd. (GRMN) and Arrow Electronics, Inc. (ARW). 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.

	GRMN	ARW	Difference
Sharpe ratio Return per unit of total volatility	0.61	2.69	-2.07
Sortino ratio Return per unit of downside risk	0.99	3.52	-2.54
Omega ratio Gain probability vs. loss probability	1.14	1.48	-0.34
Calmar ratio Return relative to maximum drawdown	0.66	3.87	-3.21
Martin ratio Return relative to average drawdown	1.45	9.31	-7.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRMN vs. ARW - Sharpe Ratio Comparison

The current GRMN Sharpe Ratio is 0.61, which is lower than the ARW Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of GRMN and ARW, 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

	GRMN	ARW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	2.69	-2.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.46	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.46	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.19	+0.26

Drawdowns

GRMN vs. ARW - Drawdown Comparison

The maximum GRMN drawdown since its inception was -87.71%, roughly equal to the maximum ARW drawdown of -86.03%. Use the drawdown chart below to compare losses from any high point for GRMN and ARW.

Drawdown Indicators

	GRMN	ARW	Difference
Max Drawdown Largest peak-to-trough decline	-87.71%	-86.03%	-1.68%
Max Drawdown (1Y) Largest decline over 1 year	-27.97%	-23.54%	-4.43%
Max Drawdown (3Y) Largest decline over 3 years	-27.97%	-38.16%	+10.19%
Max Drawdown (5Y) Largest decline over 5 years	-54.63%	-38.16%	-16.47%
Max Drawdown (10Y) Largest decline over 10 years	-54.63%	-52.77%	-1.86%
Current Drawdown Current decline from peak	-11.06%	0.00%	-11.06%
Average Drawdown Average peak-to-trough decline	-31.54%	-29.31%	-2.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.65%	9.77%	+2.88%

Volatility

GRMN vs. ARW - Volatility Comparison

The current volatility for Garmin Ltd. (GRMN) is 8.32%, while Arrow Electronics, Inc. (ARW) has a volatility of 10.49%. This indicates that GRMN experiences smaller price fluctuations and is considered to be less risky than ARW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRMN	ARW	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.32%	10.49%	-2.17%
Volatility (6M) Calculated over the trailing 6-month period	22.04%	25.77%	-3.73%
Volatility (1Y) Calculated over the trailing 1-year period	29.94%	33.97%	-4.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.36%	29.17%	+1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.33%	29.56%	-1.23%

Dividends

GRMN vs. ARW - Dividend Comparison

GRMN's dividend yield for the trailing twelve months is around 1.51%, while ARW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARW Arrow Electronics, 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%
GRMN Garmin Ltd.	1.51%	1.70%	1.44%	2.27%	3.10%	1.92%	2.01%	2.30%	3.32%	3.42%	4.21%	5.41%

Financials

GRMN vs. ARW - Profitability Comparison

The chart below illustrates the profitability comparison between Garmin Ltd. and Arrow Electronics, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GRMN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a gross profit of 1.04B and revenue of 1.75B. Therefore, the gross margin over that period was 59.4%.

ARW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Arrow Electronics, Inc. reported a gross profit of 1.09B and revenue of 9.47B. Therefore, the gross margin over that period was 11.5%.

GRMN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported an operating income of 431.67M and revenue of 1.75B, resulting in an operating margin of 24.6%.

ARW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Arrow Electronics, Inc. reported an operating income of 361.60M and revenue of 9.47B, resulting in an operating margin of 3.8%.

GRMN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a net income of 405.08M and revenue of 1.75B, resulting in a net margin of 23.1%.

ARW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Arrow Electronics, Inc. reported a net income of 235.11M and revenue of 9.47B, resulting in a net margin of 2.5%.

Frequently Asked Questions

Can I hold both GRMN and ARW in my portfolio?

GRMN and ARW 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, GRMN or ARW?

ARW has higher volatility (10.49%) compared to GRMN (8.32%). In terms of maximum drawdown, GRMN dropped -87.71% vs ARW's -86.03%.

Which has better risk-adjusted returns?

ARW currently has the higher Sharpe Ratio (2.69 vs 0.61), 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.