MCHP vs. AVGO
MCHP (Microchip Technology Incorporated) and AVGO (Broadcom Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, MCHP returned 15.50%/yr vs 41.32%/yr for AVGO. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
MCHP vs. AVGO - Performance Comparison
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Returns By Period
In the year-to-date period, MCHP achieves a 44.96% return, which is significantly higher than AVGO's 14.83% return. Over the past 10 years, MCHP has underperformed AVGO with an annualized return of 15.50%, while AVGO has yielded a comparatively higher 41.32% annualized return.
MCHP
- 1D
- 3.43%
- 1M
- -7.33%
- YTD
- 44.96%
- 6M
- 37.15%
- 1Y
- 43.83%
- 3Y*
- 7.14%
- 5Y*
- 6.01%
- 10Y*
- 15.50%
AVGO
- 1D
- 2.82%
- 1M
- -7.77%
- YTD
- 14.83%
- 6M
- -0.72%
- 1Y
- 61.91%
- 3Y*
- 72.46%
- 5Y*
- 56.70%
- 10Y*
- 41.32%
MCHP vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHP Microchip Technology Incorporated | 44.96% | 14.61% | -34.96% | 30.90% | -17.98% | 27.49% | 33.73% | 48.02% | -16.71% | 39.46% |
AVGO Broadcom Inc. | 14.83% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
Correlation
The correlation between MCHP and AVGO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2009 | 0.60 |
Over the past year, the correlation between MCHP and AVGO has dropped to 0.23 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
Fundamentals
MCHP:
$0.43
AVGO:
$6.01
MCHP:
212.69
AVGO:
65.99
MCHP:
3.21
AVGO:
0.82
MCHP:
7.87
AVGO:
25.64
MCHP:
$4.71B
AVGO:
$75.47B
MCHP:
$2.72B
AVGO:
$50.53B
MCHP:
$1.02B
AVGO:
$41.76B
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Return for Risk
MCHP vs. AVGO — Risk / Return Rank
MCHP
AVGO
MCHP vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microchip Technology Incorporated (MCHP) 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.
| MCHP | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.17 | -0.89 |
| Martin ratioReturn relative to average drawdown | 3.40 | 5.16 | -1.76 |
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
| MCHP | AVGO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.38 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 1.32 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 1.05 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.09 | -0.66 |
Drawdowns
MCHP vs. AVGO - Drawdown Comparison
The maximum MCHP drawdown since its inception was -63.77%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for MCHP and AVGO.
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Drawdown Indicators
| MCHP | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.77% | -48.30% | -15.47% |
Max Drawdown (1Y)Largest decline over 1 year | -34.41% | -28.67% | -5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -63.77% | -41.15% | -22.62% |
Max Drawdown (5Y)Largest decline over 5 years | -63.77% | -41.15% | -22.62% |
Max Drawdown (10Y)Largest decline over 10 years | -63.77% | -48.30% | -15.47% |
Current DrawdownCurrent decline from peak | -10.78% | -17.64% | +6.86% |
Average DrawdownAverage peak-to-trough decline | -16.71% | -7.97% | -8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.93% | 12.03% | +0.90% |
Volatility
MCHP vs. AVGO - Volatility Comparison
The current volatility for Microchip Technology Incorporated (MCHP) is 14.52%, while Broadcom Inc. (AVGO) has a volatility of 20.09%. This indicates that MCHP experiences smaller price fluctuations and is considered to be less risky 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
| MCHP | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.52% | 20.09% | -5.57% |
Volatility (6M)Calculated over the trailing 6-month period | 31.67% | 34.69% | -3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.78% | 45.31% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.07% | 43.31% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.86% | 39.48% | +2.38% |
Dividends
MCHP vs. AVGO - Dividend Comparison
MCHP's dividend yield for the trailing twelve months is around 1.99%, more than AVGO's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.63% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
MCHP Microchip Technology Incorporated | 1.99% | 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. AVGO - Financials Comparison
This section allows you to compare key financial metrics between Microchip Technology Incorporated 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
MCHP vs. AVGO - 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%.
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 14.92B and revenue of 22.19B. Therefore, the gross margin over that period was 67.2%.
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%.
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 10.87B and revenue of 22.19B, resulting in an operating margin of 49.0%.
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%.
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 9.31B and revenue of 22.19B, resulting in a net margin of 42.0%.
Frequently Asked Questions
MCHP and AVGO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGO has higher volatility (20.09%) compared to MCHP (14.52%). In terms of maximum drawdown, MCHP dropped -63.77% vs AVGO's -48.30%.
AVGO currently has the higher Sharpe Ratio (1.38 vs 1.01), 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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