MCHP vs. EWY
MCHP (Microchip Technology Incorporated) is a stock, while EWY (iShares MSCI South Korea ETF) is Asia Pacific Equities fund tracking the MSCI Korea Index. Over the past 10 years, MCHP returned 16.22%/yr vs 16.82%/yr for EWY. At a 0.45 correlation, their price movements are largely independent.
Performance
MCHP vs. EWY - Performance Comparison
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Returns By Period
In the year-to-date period, MCHP achieves a 52.78% return, which is significantly lower than EWY's 109.80% return. Both investments have delivered pretty close results over the past 10 years, with MCHP having a 16.22% annualized return and EWY not far ahead at 16.82%.
MCHP
- 1D
- -0.26%
- 1M
- -1.72%
- YTD
- 52.78%
- 6M
- 50.42%
- 1Y
- 52.95%
- 3Y*
- 11.30%
- 5Y*
- 6.63%
- 10Y*
- 16.22%
EWY
- 1D
- -4.22%
- 1M
- 17.58%
- YTD
- 109.80%
- 6M
- 127.01%
- 1Y
- 225.96%
- 3Y*
- 49.84%
- 5Y*
- 19.28%
- 10Y*
- 16.82%
MCHP vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHP Microchip Technology Incorporated | 52.78% | 14.61% | -34.96% | 30.90% | -17.98% | 27.49% | 33.73% | 48.02% | -16.71% | 39.46% |
EWY iShares MSCI South Korea ETF | 109.80% | 95.33% | -20.48% | 19.05% | -26.59% | -7.58% | 39.43% | 7.97% | -20.37% | 44.97% |
Correlation
The correlation between MCHP and EWY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 15, 2000 | 0.45 |
The correlation between MCHP and EWY shifts across timeframes, from 0.33 (1 year) to 0.50 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
MCHP vs. EWY — Risk / Return Rank
MCHP
EWY
MCHP vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microchip Technology Incorporated (MCHP) and iShares MSCI South Korea ETF (EWY). 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 | EWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.69 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 9.86 | -8.31 |
| Martin ratioReturn relative to average drawdown | 4.12 | 36.63 | -32.51 |
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 | EWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 5.38 | -4.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.67 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.62 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.33 | +0.11 |
Drawdowns
MCHP vs. EWY - Drawdown Comparison
The maximum MCHP drawdown since its inception was -63.77%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for MCHP and EWY.
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Drawdown Indicators
| MCHP | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.77% | -74.14% | +10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -34.41% | -23.08% | -11.33% |
Max Drawdown (3Y)Largest decline over 3 years | -63.77% | -27.36% | -36.41% |
Max Drawdown (5Y)Largest decline over 5 years | -63.77% | -48.55% | -15.22% |
Max Drawdown (10Y)Largest decline over 10 years | -63.77% | -49.73% | -14.04% |
Current DrawdownCurrent decline from peak | -5.96% | -5.87% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -16.71% | -20.12% | +3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.88% | 6.20% | +6.68% |
Volatility
MCHP vs. EWY - Volatility Comparison
The current volatility for Microchip Technology Incorporated (MCHP) is 12.16%, while iShares MSCI South Korea ETF (EWY) has a volatility of 20.44%. This indicates that MCHP experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHP | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.16% | 20.44% | -8.28% |
Volatility (6M)Calculated over the trailing 6-month period | 32.24% | 37.73% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.78% | 42.37% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.89% | 28.89% | +15.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.75% | 27.40% | +14.35% |
Dividends
MCHP vs. EWY - Dividend Comparison
MCHP's dividend yield for the trailing twelve months is around 1.89%, more than EWY's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWY iShares MSCI South Korea ETF | 1.00% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
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
MCHP and EWY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWY has higher volatility (20.44%) compared to MCHP (12.16%). In terms of maximum drawdown, MCHP dropped -63.77% vs EWY's -74.14%.
EWY currently has the higher Sharpe Ratio (5.38 vs 1.24), 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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