MRAM vs. NVDA

Last updated Jun 24, 2026

MRAM (Everspin Technologies, Inc.) and NVDA (NVIDIA Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 5 years, MRAM returned 27.55%/yr vs 59.90%/yr for NVDA. At a 0.39 correlation, their price movements are largely independent.

Performance

MRAM vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Everspin Technologies, Inc. (MRAM) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRAM achieves a 143.00% return, which is significantly higher than NVDA's 7.39% return.

MRAM

• 1D: -11.67%
• 1M: -33.05%
• YTD: 143.00%
• 6M: 140.41%
• 1Y: 272.11%
• 3Y*: 40.16%
• 5Y*: 27.55%
• 10Y*: —

NVDA

• 1D: -4.13%
• 1M: -6.99%
• YTD: 7.39%
• 6M: 5.85%
• 1Y: 38.94%
• 3Y*: 68.08%
• 5Y*: 59.90%
• 10Y*: 67.94%

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

MRAM vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MRAM Everspin Technologies, Inc.	143.00%	45.23%	-29.31%	62.59%	-50.80%	145.65%	-12.55%	-6.24%	-25.20%	-9.53%
NVDA NVIDIA Corporation	7.39%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%

Correlation

The correlation between MRAM and NVDA is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Oct 7, 2016	0.39

The correlation between MRAM and NVDA shifts across timeframes, from 0.37 (3 years) to 0.48 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MRAM : $521.76M NVDA : $4.88T
EPS MRAM : $0.01 NVDA : $6.53
PE Ratio MRAM : 1.80K NVDA : 30.65
PS Ratio MRAM : 9.17 NVDA : 19.30
PB Ratio MRAM : 7.43 NVDA : 24.96
Total Revenue (TTM) MRAM : $56.94M NVDA : $253.49B
Gross Profit (TTM) MRAM : $29.33M NVDA : $187.95B
EBITDA (TTM) MRAM : -$3.33M NVDA : $192.76B

Return for Risk

MRAM vs. NVDA — Risk / Return Rank

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

MRAM

MRAM Risk / Return Rank: 91
MRAM Sharpe Ratio Rank: 93
MRAM Sortino Ratio Rank: 90
MRAM Omega Ratio Rank: 90
MRAM Calmar Ratio Rank: 93
MRAM Martin Ratio Rank: 90

NVDA

NVDA Risk / Return Rank: 72
NVDA Sharpe Ratio Rank: 75
NVDA Sortino Ratio Rank: 69
NVDA Omega Ratio Rank: 66
NVDA Calmar Ratio Rank: 75
NVDA Martin Ratio Rank: 74

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.

MRAM vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Everspin Technologies, Inc. (MRAM) and NVIDIA Corporation (NVDA). 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.

	MRAM	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	2.55	1.10	+1.45
Sortino ratio: Return per unit of downside risk	3.17	1.65	+1.52
Omega ratio: Gain probability vs. loss probability	1.41	1.20	+0.21
Calmar ratio: Return relative to maximum drawdown	5.56	1.94	+3.63
Martin ratio: Return relative to average drawdown	11.24	4.51	+6.73

MRAM vs. NVDA - Sharpe Ratio Comparison

The current MRAM Sharpe Ratio is 2.55, which is higher than the NVDA Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of MRAM and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MRAM vs. NVDA - Drawdown Comparison

The maximum MRAM drawdown since its inception was -91.28%, roughly equal to the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for MRAM and NVDA.

Drawdown Indicators

	MRAM	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-91.28%	-89.72%	-1.56%
Max Drawdown (1Y) Largest decline over 1 year	-49.25%	-20.21%	-29.04%
Max Drawdown (3Y) Largest decline over 3 years	-57.89%	-36.88%	-21.01%
Max Drawdown (5Y) Largest decline over 5 years	-67.02%	-66.34%	-0.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-48.76%	-15.04%	-33.72%
Average Drawdown Average peak-to-trough decline	-64.90%	-36.16%	-28.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.34%	8.66%	+15.68%

Volatility

MRAM vs. NVDA - Volatility Comparison

Everspin Technologies, Inc. (MRAM) has a higher volatility of 38.04% compared to NVIDIA Corporation (NVDA) at 13.29%. This indicates that MRAM's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRAM	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.04%	13.29%	+24.75%
Volatility (6M) Calculated over the trailing 6-month period	91.15%	26.92%	+64.23%
Volatility (1Y) Calculated over the trailing 1-year period	107.46%	35.50%	+71.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.98%	51.84%	+25.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.69%	49.87%	+28.82%

Dividends

MRAM vs. NVDA - Dividend Comparison

MRAM has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MRAM Everspin Technologies, 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%
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Financials

MRAM vs. NVDA - Profitability Comparison

The chart below illustrates the profitability comparison between Everspin Technologies, Inc. and NVIDIA Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MRAM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Everspin Technologies, Inc. reported a gross profit of 7.84M and revenue of 14.87M. Therefore, the gross margin over that period was 52.7%.

NVDA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a gross profit of 61.16B and revenue of 81.62B. Therefore, the gross margin over that period was 74.9%.

MRAM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Everspin Technologies, Inc. reported an operating income of -2.72M and revenue of 14.87M, resulting in an operating margin of -18.3%.

NVDA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported an operating income of 53.54B and revenue of 81.62B, resulting in an operating margin of 65.6%.

MRAM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Everspin Technologies, Inc. reported a net income of -290.00K and revenue of 14.87M, resulting in a net margin of -2.0%.

NVDA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a net income of 58.32B and revenue of 81.62B, resulting in a net margin of 71.5%.

Frequently Asked Questions

Can I hold both MRAM and NVDA in my portfolio?

MRAM and NVDA have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRAM or NVDA?

MRAM has higher volatility (38.04%) compared to NVDA (13.29%). In terms of maximum drawdown, MRAM dropped -91.28% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

MRAM currently has the higher Sharpe Ratio (2.55 vs 1.10), 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.