MTSI vs. ADI
MTSI (MACOM Technology Solutions Holdings, Inc.) and ADI (Analog Devices, Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, MTSI returned 24.38%/yr vs 23.26%/yr for ADI. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
MTSI vs. ADI - Performance Comparison
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Returns By Period
In the year-to-date period, MTSI achieves a 80.13% return, which is significantly higher than ADI's 46.75% return. Both investments have delivered pretty close results over the past 10 years, with MTSI having a 24.38% annualized return and ADI not far behind at 23.26%.
MTSI
- 1D
- -2.78%
- 1M
- -17.68%
- 6M
- 76.43%
- YTD
- 80.13%
- 1Y
- 126.52%
- 3Y*
- 68.24%
- 5Y*
- 38.76%
- 10Y*
- 24.38%
ADI
- 1D
- 0.51%
- 1M
- -4.00%
- 6M
- 32.25%
- YTD
- 46.75%
- 1Y
- 63.87%
- 3Y*
- 29.56%
- 5Y*
- 20.96%
- 10Y*
- 23.26%
MTSI vs. ADI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTSI MACOM Technology Solutions Holdings, Inc. | 80.13% | 31.85% | 39.76% | 47.59% | -19.57% | 42.26% | 106.92% | 83.32% | -55.41% | -29.69% |
ADI Analog Devices, Inc. | 46.75% | 29.75% | 8.82% | 23.36% | -4.91% | 20.96% | 26.87% | 41.31% | -1.64% | 25.30% |
Correlation
The correlation between MTSI and ADI is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2012 | 0.57 |
The correlation between MTSI and ADI shifts across timeframes, from 0.51 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MTSI:
$23.54B
ADI:
$192.72B
MTSI:
$2.33
ADI:
$6.72
MTSI:
132.57
ADI:
58.87
MTSI:
0.20
ADI:
3.62
MTSI:
21.82
ADI:
15.31
MTSI:
16.79
ADI:
5.75
MTSI:
$1.07B
ADI:
$12.74B
MTSI:
$594.25M
ADI:
$8.22B
MTSI:
$245.21M
ADI:
$6.19B
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Return for Risk
MTSI vs. ADI — Risk / Return Rank
MTSI
ADI
MTSI vs. ADI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MACOM Technology Solutions Holdings, Inc. (MTSI) and Analog Devices, Inc. (ADI). 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.
| MTSI | ADI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.32 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.91 | 4.06 | +0.85 |
| Martin ratioReturn relative to average drawdown | 14.88 | 10.16 | +4.72 |
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Drawdowns
MTSI vs. ADI - Drawdown Comparison
The maximum MTSI drawdown since its inception was -80.78%, roughly equal to the maximum ADI drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for MTSI and ADI.
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Drawdown Indicators
| MTSI | ADI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.78% | -82.88% | +2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -25.60% | -15.73% | -9.87% |
Max Drawdown (3Y)Largest decline over 3 years | -41.09% | -32.20% | -8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -44.86% | -32.20% | -12.66% |
Max Drawdown (10Y)Largest decline over 10 years | -80.78% | -33.62% | -47.16% |
Current DrawdownCurrent decline from peak | -24.69% | -11.19% | -13.50% |
Average DrawdownAverage peak-to-trough decline | -26.14% | -33.87% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 6.29% | +2.13% |
Volatility
MTSI vs. ADI - Volatility Comparison
MACOM Technology Solutions Holdings, Inc. (MTSI) has a higher volatility of 20.44% compared to Analog Devices, Inc. (ADI) at 16.51%. This indicates that MTSI's price experiences larger fluctuations and is considered to be riskier than ADI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTSI | ADI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.44% | 16.51% | +3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 44.19% | 28.72% | +15.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.96% | 34.72% | +19.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.43% | 33.70% | +10.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.53% | 32.97% | +19.56% |
Dividends
MTSI vs. ADI - Dividend Comparison
MTSI has not paid dividends to shareholders, while ADI's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADI Analog Devices, Inc. | 1.06% | 1.46% | 1.73% | 1.73% | 1.85% | 1.57% | 1.68% | 1.82% | 2.24% | 2.02% | 2.31% | 2.89% |
MTSI MACOM Technology Solutions Holdings, 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
MTSI vs. ADI - Financials Comparison
This section allows you to compare key financial metrics between MACOM Technology Solutions Holdings, Inc. and Analog Devices, 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
MTSI vs. ADI - Profitability Comparison
MTSI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, MACOM Technology Solutions Holdings, Inc. reported a gross profit of 164.43M and revenue of 288.96M. Therefore, the gross margin over that period was 56.9%.
ADI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Analog Devices, Inc. reported a gross profit of 2.44B and revenue of 3.62B. Therefore, the gross margin over that period was 67.3%.
MTSI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, MACOM Technology Solutions Holdings, Inc. reported an operating income of 50.83M and revenue of 288.96M, resulting in an operating margin of 17.6%.
ADI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Analog Devices, Inc. reported an operating income of 1.38B and revenue of 3.62B, resulting in an operating margin of 38.1%.
MTSI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, MACOM Technology Solutions Holdings, Inc. reported a net income of 46.33M and revenue of 288.96M, resulting in a net margin of 16.0%.
ADI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Analog Devices, Inc. reported a net income of 1.18B and revenue of 3.62B, resulting in a net margin of 32.5%.
Frequently Asked Questions
MTSI and ADI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTSI has higher volatility (20.44%) compared to ADI (16.51%). In terms of maximum drawdown, MTSI dropped -80.78% vs ADI's -82.88%.
MTSI currently has the higher Sharpe Ratio (2.33 vs 1.84), 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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