MCHP vs. ADI
MCHP (Microchip Technology Incorporated) and ADI (Analog Devices, Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, MCHP returned 17.26%/yr vs 25.60%/yr for ADI. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
MCHP vs. ADI - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with MCHP having a 62.95% return and ADI slightly higher at 65.23%. Over the past 10 years, MCHP has underperformed ADI with an annualized return of 17.26%, while ADI has yielded a comparatively higher 25.60% annualized return.
MCHP
- 1D
- 2.95%
- 1M
- 9.93%
- YTD
- 62.95%
- 6M
- 56.75%
- 1Y
- 52.96%
- 3Y*
- 10.53%
- 5Y*
- 9.30%
- 10Y*
- 17.26%
ADI
- 1D
- 2.54%
- 1M
- 12.50%
- YTD
- 65.23%
- 6M
- 62.46%
- 1Y
- 97.71%
- 3Y*
- 35.99%
- 5Y*
- 24.27%
- 10Y*
- 25.60%
MCHP vs. ADI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHP Microchip Technology Incorporated | 62.95% | 14.61% | -34.96% | 30.90% | -17.98% | 27.49% | 33.73% | 48.02% | -16.71% | 39.46% |
ADI Analog Devices, Inc. | 65.23% | 29.75% | 8.82% | 23.36% | -4.91% | 20.96% | 26.87% | 41.31% | -1.64% | 25.30% |
Correlation
The correlation between MCHP and ADI is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 1993 | 0.63 |
The correlation between MCHP and ADI shifts across timeframes, from 0.63 (all time) to 0.84 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MCHP:
$0.43
ADI:
$6.72
MCHP:
239.09
ADI:
66.28
MCHP:
3.61
ADI:
4.08
MCHP:
8.85
ADI:
17.24
MCHP:
$4.71B
ADI:
$12.74B
MCHP:
$2.72B
ADI:
$8.22B
MCHP:
$1.02B
ADI:
$6.19B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MCHP vs. ADI — Risk / Return Rank
MCHP
ADI
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.
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.
| MCHP | ADI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.48 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 6.25 | -4.70 |
| Martin ratioReturn relative to average drawdown | 4.08 | 17.16 | -13.08 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| MCHP | ADI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.77% | -82.88% | +19.11% |
Max Drawdown (1Y)Largest decline over 1 year | -34.41% | -15.73% | -18.68% |
Max Drawdown (3Y)Largest decline over 3 years | -63.77% | -32.20% | -31.57% |
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 DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -16.70% | -33.90% | +17.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.01% | 5.71% | +7.30% |
Volatility
MCHP vs. ADI - Volatility Comparison
Microchip Technology Incorporated (MCHP) has a higher volatility of 18.36% compared to Analog Devices, Inc. (ADI) at 15.23%. 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.
Loading charts...
Volatility by Period
| MCHP | ADI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.36% | 15.23% | +3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 33.30% | 25.77% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.83% | 32.30% | +12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.38% | 33.25% | +11.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.04% | 32.85% | +9.19% |
Dividends
MCHP vs. ADI - Dividend Comparison
MCHP's dividend yield for the trailing twelve months is around 1.77%, more than ADI's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADI Analog Devices, Inc. | 0.94% | 1.46% | 1.73% | 1.73% | 1.85% | 1.57% | 1.68% | 1.82% | 2.24% | 2.02% | 2.31% | 2.89% |
MCHP Microchip Technology Incorporated | 1.77% | 2.86% | 3.16% | 1.76% | 1.65% | 0.98% | 1.07% | 1.40% | 2.02% | 1.65% | 2.24% | 3.07% |
Financials
MCHP vs. ADI - Financials Comparison
This section allows you to compare key financial metrics between Microchip Technology Incorporated and Analog Devices, 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
MCHP vs. ADI - Profitability Comparison
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%.
ADI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported a gross profit of 2.44B and revenue of 3.62B. Therefore, the gross margin over that period was 67.3%.
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%.
ADI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported an operating income of 1.38B and revenue of 3.62B, resulting in an operating margin of 38.1%.
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%.
ADI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported a net income of 1.18B and revenue of 3.62B, resulting in a net margin of 32.5%.
Frequently Asked Questions
MCHP and ADI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCHP has higher volatility (18.36%) compared to ADI (15.23%). In terms of maximum drawdown, MCHP dropped -63.77% vs ADI's -82.88%.
ADI currently has the higher Sharpe Ratio (3.05 vs 1.19), 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.
Find the right allocation for MCHP and ADI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer