MCHP vs. ADI

Last updated Apr 2, 2026

Compare and contrast key facts about Microchip Technology Incorporated (MCHP) and Analog Devices, Inc. (ADI).

Performance

MCHP vs. ADI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Microchip Technology Incorporated (MCHP) and Analog Devices, Inc. (ADI). The values are adjusted to include any dividend payments, if applicable.

MCHP vs. ADI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MCHP Microchip Technology Incorporated	3.21%	14.61%	-34.96%	30.90%	-17.98%	27.49%	33.73%	48.02%	-16.71%	39.46%
ADI Analog Devices, Inc.	18.58%	29.75%	8.82%	23.36%	-4.91%	20.96%	26.87%	41.31%	-1.64%	25.30%

Fundamentals

EPS MCHP : -$0.27 ADI : $5.47
PS Ratio MCHP : 5.38 ADI : 13.50
Total Revenue (TTM) MCHP : $4.37B ADI : $11.76B
Gross Profit (TTM) MCHP : $2.25B ADI : $7.39B
EBITDA (TTM) MCHP : $710.40M ADI : $5.52B

Returns By Period

In the year-to-date period, MCHP achieves a 3.21% return, which is significantly lower than ADI's 18.58% return. Over the past 10 years, MCHP has underperformed ADI with an annualized return of 12.61%, while ADI has yielded a comparatively higher 20.75% annualized return.

MCHP

• 1D: 1.19%
• 1M: -12.02%
• YTD: 3.21%
• 6M: 3.51%
• 1Y: 38.84%
• 3Y*: -5.61%
• 5Y*: -1.96%
• 10Y*: 12.61%

ADI

• 1D: 0.77%
• 1M: -8.75%
• YTD: 18.58%
• 6M: 34.87%
• 1Y: 63.41%
• 3Y*: 19.58%
• 5Y*: 16.85%
• 10Y*: 20.75%

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

Return for Risk

MCHP vs. ADI — Risk / Return Rank

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

MCHP

MCHP Risk / Return Rank: 65
MCHP Sharpe Ratio Rank: 64
MCHP Sortino Ratio Rank: 65
MCHP Omega Ratio Rank: 65
MCHP Calmar Ratio Rank: 65
MCHP Martin Ratio Rank: 66

ADI

ADI Risk / Return Rank: 87
ADI Sharpe Ratio Rank: 86
ADI Sortino Ratio Rank: 84
ADI Omega Ratio Rank: 86
ADI Calmar Ratio Rank: 88
ADI Martin Ratio Rank: 89

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.

MCHP vs. ADI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Microchip Technology Incorporated (MCHP) and Analog Devices, Inc. (ADI). 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.

	MCHP	ADI	Difference
Sharpe ratio Return per unit of total volatility	0.67	1.67	-1.00
Sortino ratio Return per unit of downside risk	1.40	2.39	-0.99
Omega ratio Gain probability vs. loss probability	1.19	1.35	-0.15
Calmar ratio Return relative to maximum drawdown	1.14	3.50	-2.37
Martin ratio Return relative to average drawdown	2.91	10.11	-7.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MCHP vs. ADI - Sharpe Ratio Comparison

The current MCHP Sharpe Ratio is 0.67, which is lower than the ADI Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of MCHP and ADI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MCHP	ADI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	1.67	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.52	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.64	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.32	+0.09

Correlation

The correlation between MCHP and ADI is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MCHP vs. ADI - Dividend Comparison

MCHP's dividend yield for the trailing twelve months is around 2.78%, more than ADI's 1.27% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCHP Microchip Technology Incorporated	2.78%	2.86%	3.16%	1.76%	1.65%	0.98%	1.07%	1.40%	2.02%	1.65%	2.24%	3.07%
ADI Analog Devices, Inc.	1.27%	1.46%	1.73%	1.73%	1.85%	1.57%	1.68%	1.82%	2.24%	2.02%	2.31%	2.89%

Drawdowns

MCHP vs. ADI - Drawdown Comparison

The maximum MCHP drawdown since its inception was -63.77%, smaller than the maximum ADI drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for MCHP and ADI.

Drawdown Indicators

	MCHP	ADI	Difference
Max Drawdown Largest peak-to-trough decline	-63.77%	-82.88%	+19.11%
Max Drawdown (1Y) Largest decline over 1 year	-34.41%	-17.53%	-16.88%
Max Drawdown (5Y) Largest decline over 5 years	-63.77%	-32.20%	-31.57%
Max Drawdown (10Y) Largest decline over 10 years	-63.77%	-33.62%	-30.15%
Current Drawdown Current decline from peak	-30.96%	-10.87%	-20.09%
Average Drawdown Average peak-to-trough decline	-16.74%	-34.06%	+17.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.46%	6.07%	+7.39%

Volatility

MCHP vs. ADI - Volatility Comparison

Microchip Technology Incorporated (MCHP) has a higher volatility of 12.97% compared to Analog Devices, Inc. (ADI) at 10.24%. This indicates that MCHP's price experiences larger fluctuations and is considered to be riskier than ADI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCHP	ADI	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.97%	10.24%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	32.23%	22.24%	+9.99%
Volatility (1Y) Calculated over the trailing 1-year period	58.57%	38.26%	+20.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.43%	32.43%	+11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.35%	32.30%	+9.05%

Financials

MCHP vs. ADI - Profitability Comparison

The chart below illustrates the profitability comparison between Microchip Technology Incorporated and Analog Devices, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MCHP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Microchip Technology Incorporated reported a gross profit of 706.90M and revenue of 1.19B. Therefore, the gross margin over that period was 59.6%.

ADI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Analog Devices, Inc. reported a gross profit of 2.04B and revenue of 3.16B. Therefore, the gross margin over that period was 64.7%.

MCHP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Microchip Technology Incorporated reported an operating income of 151.70M and revenue of 1.19B, resulting in an operating margin of 12.8%.

ADI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Analog Devices, Inc. reported an operating income of 997.03M and revenue of 3.16B, resulting in an operating margin of 31.6%.

MCHP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Microchip Technology Incorporated reported a net income of 34.90M and revenue of 1.19B, resulting in a net margin of 2.9%.

ADI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Analog Devices, Inc. reported a net income of 830.83M and revenue of 3.16B, resulting in a net margin of 26.3%.