MCHP vs. SNPS
MCHP (Microchip Technology Incorporated) and SNPS (Synopsys, Inc.) are both stocks. Both are in the Technology sector — MCHP in Semiconductors, SNPS in Software - Infrastructure. Over the past 10 years, MCHP returned 15.50%/yr vs 24.60%/yr for SNPS. At a 0.44 correlation, their price movements are largely independent.
Performance
MCHP vs. SNPS - 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 SNPS's 0.80% return. Over the past 10 years, MCHP has underperformed SNPS with an annualized return of 15.50%, while SNPS has yielded a comparatively higher 24.60% 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%
SNPS
- 1D
- 1.86%
- 1M
- -8.33%
- YTD
- 0.80%
- 6M
- 1.66%
- 1Y
- -2.58%
- 3Y*
- 2.57%
- 5Y*
- 13.08%
- 10Y*
- 24.60%
MCHP vs. SNPS - 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% |
SNPS Synopsys, Inc. | 0.80% | -3.22% | -5.74% | 61.27% | -13.35% | 42.15% | 86.24% | 65.24% | -1.17% | 44.82% |
Correlation
The correlation between MCHP and SNPS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 1993 | 0.44 |
The correlation between MCHP and SNPS shifts across timeframes, from 0.36 (1 year) to 0.55 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MCHP:
$0.43
SNPS:
$4.57
MCHP:
212.69
SNPS:
103.64
MCHP:
3.21
SNPS:
4.45
MCHP:
7.87
SNPS:
9.23
MCHP:
$4.71B
SNPS:
$8.68B
MCHP:
$2.72B
SNPS:
$6.38B
MCHP:
$1.02B
SNPS:
$2.22B
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Return for Risk
MCHP vs. SNPS — Risk / Return Rank
MCHP
SNPS
MCHP vs. SNPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microchip Technology Incorporated (MCHP) and Synopsys, Inc. (SNPS). 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 | SNPS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.06 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | -0.06 | +1.34 |
| Martin ratioReturn relative to average drawdown | 3.40 | -0.10 | +3.50 |
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 | SNPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | -0.05 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.32 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.70 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.31 | +0.12 |
Drawdowns
MCHP vs. SNPS - Drawdown Comparison
The maximum MCHP drawdown since its inception was -63.77%, roughly equal to the maximum SNPS drawdown of -60.95%. Use the drawdown chart below to compare losses from any high point for MCHP and SNPS.
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Drawdown Indicators
| MCHP | SNPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.77% | -60.95% | -2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -34.41% | -41.04% | +6.63% |
Max Drawdown (3Y)Largest decline over 3 years | -63.77% | -41.04% | -22.73% |
Max Drawdown (5Y)Largest decline over 5 years | -63.77% | -41.04% | -22.73% |
Max Drawdown (10Y)Largest decline over 10 years | -63.77% | -41.04% | -22.73% |
Current DrawdownCurrent decline from peak | -10.78% | -26.63% | +15.85% |
Average DrawdownAverage peak-to-trough decline | -16.71% | -20.29% | +3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.93% | 25.93% | -13.00% |
Volatility
MCHP vs. SNPS - Volatility Comparison
Microchip Technology Incorporated (MCHP) and Synopsys, Inc. (SNPS) have volatilities of 14.52% and 13.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHP | SNPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.52% | 13.85% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 31.67% | 30.93% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.78% | 56.78% | -13.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.07% | 40.81% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.86% | 35.09% | +6.77% |
Dividends
MCHP vs. SNPS - Dividend Comparison
MCHP's dividend yield for the trailing twelve months is around 1.99%, while SNPS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SNPS Synopsys, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
MCHP vs. SNPS - Financials Comparison
This section allows you to compare key financial metrics between Microchip Technology Incorporated and Synopsys, 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. SNPS - 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%.
SNPS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Synopsys, Inc. reported a gross profit of 1.65B and revenue of 2.28B. Therefore, the gross margin over that period was 72.3%.
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%.
SNPS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Synopsys, Inc. reported an operating income of 120.43M and revenue of 2.28B, resulting in an operating margin of 5.3%.
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%.
SNPS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Synopsys, Inc. reported a net income of 16.87M and revenue of 2.28B, resulting in a net margin of 0.7%.
Frequently Asked Questions
MCHP and SNPS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCHP has higher volatility (14.52%) compared to SNPS (13.85%). In terms of maximum drawdown, MCHP dropped -63.77% vs SNPS's -60.95%.
MCHP currently has the higher Sharpe Ratio (1.01 vs -0.05), 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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