MANH vs. AVGO
MANH (Manhattan Associates, Inc.) and AVGO (Broadcom Inc.) are both stocks. Both are in the Technology sector — MANH in Software - Application, AVGO in Semiconductors. Over the past 10 years, MANH returned 8.50%/yr vs 43.87%/yr for AVGO. At a 0.40 correlation, their price movements are largely independent.
Performance
MANH vs. AVGO - Performance Comparison
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Returns By Period
In the year-to-date period, MANH achieves a -12.76% return, which is significantly lower than AVGO's 38.76% return. Over the past 10 years, MANH has underperformed AVGO with an annualized return of 8.50%, while AVGO has yielded a comparatively higher 43.87% annualized return.
MANH
- 1D
- -2.48%
- 1M
- 7.41%
- YTD
- -12.76%
- 6M
- -15.34%
- 1Y
- -19.14%
- 3Y*
- -6.58%
- 5Y*
- 1.91%
- 10Y*
- 8.50%
AVGO
- 1D
- -0.49%
- 1M
- 15.06%
- YTD
- 38.76%
- 6M
- 26.42%
- 1Y
- 88.09%
- 3Y*
- 83.13%
- 5Y*
- 61.98%
- 10Y*
- 43.87%
MANH vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MANH Manhattan Associates, Inc. | -12.76% | -35.87% | 25.51% | 77.36% | -21.92% | 47.83% | 31.89% | 88.22% | -14.47% | -6.58% |
AVGO Broadcom Inc. | 38.76% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
Correlation
The correlation between MANH and AVGO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2009 | 0.40 |
Over the past year, the correlation between MANH and AVGO has dropped to 0.15 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Fundamentals
MANH:
$9.08B
AVGO:
$2.34T
MANH:
$3.57
AVGO:
$5.12
MANH:
42.34
AVGO:
93.63
MANH:
2.02
AVGO:
1.16
MANH:
8.33
AVGO:
34.24
MANH:
44.24
AVGO:
29.33
MANH:
$1.10B
AVGO:
$68.28B
MANH:
$456.06M
AVGO:
$46.31B
MANH:
$297.27M
AVGO:
$36.65B
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Return for Risk
MANH vs. AVGO — Risk / Return Rank
MANH
AVGO
MANH vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manhattan Associates, Inc. (MANH) and Broadcom Inc. (AVGO). 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.
| MANH | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.22 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.34 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 3.09 | -3.50 |
| Martin ratioReturn relative to average drawdown | -0.73 | 7.42 | -8.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MANH | AVGO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 2.07 | -2.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 1.46 | -1.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 1.12 | -0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.14 | -0.92 |
Drawdowns
MANH vs. AVGO - Drawdown Comparison
The maximum MANH drawdown since its inception was -87.04%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for MANH and AVGO.
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Drawdown Indicators
| MANH | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.04% | -48.30% | -38.74% |
Max Drawdown (1Y)Largest decline over 1 year | -46.97% | -28.67% | -18.30% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -41.15% | -19.83% |
Max Drawdown (5Y)Largest decline over 5 years | -60.98% | -41.15% | -19.83% |
Max Drawdown (10Y)Largest decline over 10 years | -60.98% | -48.30% | -12.68% |
Current DrawdownCurrent decline from peak | -51.19% | -0.49% | -50.70% |
Average DrawdownAverage peak-to-trough decline | -39.44% | -7.97% | -31.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.20% | 11.91% | +14.29% |
Volatility
MANH vs. AVGO - Volatility Comparison
Manhattan Associates, Inc. (MANH) has a higher volatility of 15.80% compared to Broadcom Inc. (AVGO) at 11.91%. This indicates that MANH's price experiences larger fluctuations and is considered to be riskier than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MANH | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.80% | 11.91% | +3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 32.59% | 30.70% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.49% | 42.95% | -4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.16% | 42.78% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.44% | 39.18% | +0.26% |
Dividends
MANH vs. AVGO - Dividend Comparison
MANH has not paid dividends to shareholders, while AVGO's dividend yield for the trailing twelve months is around 0.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.52% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
MANH Manhattan Associates, 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% |
Financials
MANH vs. AVGO - Financials Comparison
This section allows you to compare key financial metrics between Manhattan Associates, Inc. and Broadcom Inc.. 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
MANH vs. AVGO - Profitability Comparison
MANH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported a gross profit of 0.00 and revenue of 282.22M. Therefore, the gross margin over that period was 0.0%.
AVGO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a gross profit of 13.16B and revenue of 19.31B. Therefore, the gross margin over that period was 68.1%.
MANH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported an operating income of 64.94M and revenue of 282.22M, resulting in an operating margin of 23.0%.
AVGO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported an operating income of 8.56B and revenue of 19.31B, resulting in an operating margin of 44.3%.
MANH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Manhattan Associates, Inc. reported a net income of 49.30M and revenue of 282.22M, resulting in a net margin of 17.5%.
AVGO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a net income of 7.35B and revenue of 19.31B, resulting in a net margin of 38.1%.
Frequently Asked Questions
MANH and AVGO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MANH has higher volatility (15.80%) compared to AVGO (11.91%). In terms of maximum drawdown, MANH dropped -87.04% vs AVGO's -48.30%.
AVGO currently has the higher Sharpe Ratio (2.07 vs -0.50), 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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