MCHP vs. DJIA

Last updated Jun 4, 2026

MCHP (Microchip Technology Incorporated) is a stock, while DJIA (Global X Dow 30 Covered Call ETF) is Derivative Income fund tracking the DJIA Cboe BuyWrite v2 Index. Over the past 3 years, MCHP returned 10.46%/yr vs 10.50%/yr for DJIA. At a 0.43 correlation, their price movements are largely independent.

Performance

MCHP vs. DJIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Microchip Technology Incorporated (MCHP) and Global X Dow 30 Covered Call ETF (DJIA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MCHP achieves a 53.18% return, which is significantly higher than DJIA's 3.46% return.

MCHP

• 1D: -0.42%
• 1M: 1.82%
• YTD: 53.18%
• 6M: 53.44%
• 1Y: 55.34%
• 3Y*: 10.46%
• 5Y*: 6.68%
• 10Y*: 16.23%

DJIA

• 1D: 0.02%
• 1M: 3.32%
• YTD: 3.46%
• 6M: 3.90%
• 1Y: 14.53%
• 3Y*: 10.50%
• 5Y*: —
• 10Y*: —

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

MCHP vs. DJIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MCHP Microchip Technology Incorporated	53.18%	14.61%	-34.96%	30.90%	-0.15%
DJIA Global X Dow 30 Covered Call ETF	3.46%	9.11%	14.52%	9.15%	-2.80%

Correlation

The correlation between MCHP and DJIA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.43

Return for Risk

MCHP vs. DJIA — Risk / Return Rank

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

MCHP

MCHP Risk / Return Rank: 73
MCHP Sharpe Ratio Rank: 78
MCHP Sortino Ratio Rank: 76
MCHP Omega Ratio Rank: 72
MCHP Calmar Ratio Rank: 69
MCHP Martin Ratio Rank: 72

DJIA

DJIA Risk / Return Rank: 51
DJIA Sharpe Ratio Rank: 54
DJIA Sortino Ratio Rank: 54
DJIA Omega Ratio Rank: 64
DJIA Calmar Ratio Rank: 40
DJIA Martin Ratio Rank: 44

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. DJIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Microchip Technology Incorporated (MCHP) and Global X Dow 30 Covered Call ETF (DJIA). 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	DJIA	Difference
Sharpe ratio: Return per unit of total volatility	1.30	1.89	-0.59
Sortino ratio: Return per unit of downside risk	2.10	2.67	-0.57
Omega ratio: Gain probability vs. loss probability	1.24	1.39	-0.15
Calmar ratio: Return relative to maximum drawdown	1.62	1.99	-0.37
Martin ratio: Return relative to average drawdown	4.31	7.38	-3.07
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. DJIA - Sharpe Ratio Comparison

The current MCHP Sharpe Ratio is 1.30, which is lower than the DJIA Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of MCHP and DJIA, 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

	MCHP	DJIA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	1.89	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.69	-0.26

Drawdowns

MCHP vs. DJIA - Drawdown Comparison

The maximum MCHP drawdown since its inception was -63.77%, which is greater than DJIA's maximum drawdown of -16.91%. Use the drawdown chart below to compare losses from any high point for MCHP and DJIA.

Drawdown Indicators

	MCHP	DJIA	Difference
Max Drawdown Largest peak-to-trough decline	-63.77%	-16.91%	-46.86%
Max Drawdown (1Y) Largest decline over 1 year	-34.41%	-7.34%	-27.07%
Max Drawdown (3Y) Largest decline over 3 years	-63.77%	-12.09%	-51.68%
Max Drawdown (5Y) Largest decline over 5 years	-63.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-63.77%	—	—
Current Drawdown Current decline from peak	-5.72%	-0.13%	-5.59%
Average Drawdown Average peak-to-trough decline	-16.71%	-3.59%	-13.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.88%	1.97%	+10.91%

Volatility

MCHP vs. DJIA - Volatility Comparison

Microchip Technology Incorporated (MCHP) has a higher volatility of 12.62% compared to Global X Dow 30 Covered Call ETF (DJIA) at 1.66%. This indicates that MCHP's price experiences larger fluctuations and is considered to be riskier than DJIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCHP	DJIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.62%	1.66%	+10.96%
Volatility (6M) Calculated over the trailing 6-month period	32.70%	6.24%	+26.46%
Volatility (1Y) Calculated over the trailing 1-year period	43.22%	7.74%	+35.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.90%	11.19%	+32.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.76%	11.19%	+30.57%

Dividends

MCHP vs. DJIA - Dividend Comparison

MCHP's dividend yield for the trailing twelve months is around 1.89%, less than DJIA's 10.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DJIA Global X Dow 30 Covered Call ETF	10.82%	10.60%	11.44%	7.16%	9.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MCHP Microchip Technology Incorporated	1.89%	2.86%	3.16%	1.76%	1.65%	0.98%	1.07%	1.40%	2.02%	1.65%	2.24%	3.07%

Frequently Asked Questions

Can I hold both MCHP and DJIA in my portfolio?

MCHP and DJIA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MCHP or DJIA?

MCHP has higher volatility (12.62%) compared to DJIA (1.66%). In terms of maximum drawdown, MCHP dropped -63.77% vs DJIA's -16.91%.

Which has better risk-adjusted returns?

DJIA currently has the higher Sharpe Ratio (1.89 vs 1.30), 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.