MXL vs. AEHR
MXL (MaxLinear, Inc.) and AEHR (Aehr Test Systems) are both stocks. Both are in the Technology sector — MXL in Semiconductors, AEHR in Semiconductor Equipment & Materials. Over the past 10 years, MXL returned 15.99%/yr vs 46.00%/yr for AEHR. At a 0.28 correlation, their price movements are largely independent.
Performance
MXL vs. AEHR - Performance Comparison
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Returns By Period
In the year-to-date period, MXL achieves a 423.81% return, which is significantly higher than AEHR's 259.58% return. Over the past 10 years, MXL has underperformed AEHR with an annualized return of 15.99%, while AEHR has yielded a comparatively higher 46.00% annualized return.
MXL
- 1D
- -4.70%
- 1M
- 8.10%
- 6M
- 380.53%
- YTD
- 423.81%
- 1Y
- 511.11%
- 3Y*
- 42.07%
- 5Y*
- 16.61%
- 10Y*
- 15.99%
AEHR
- 1D
- -4.74%
- 1M
- -33.07%
- 6M
- 175.84%
- YTD
- 259.58%
- 1Y
- 414.53%
- 3Y*
- 23.32%
- 5Y*
- 92.87%
- 10Y*
- 46.00%
MXL vs. AEHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXL MaxLinear, Inc. | 423.81% | -11.88% | -16.79% | -29.99% | -54.97% | 97.41% | 79.97% | 20.57% | -33.38% | 21.19% |
AEHR Aehr Test Systems | 259.58% | 21.41% | -37.32% | 31.99% | -16.87% | 855.73% | 26.50% | 41.84% | -47.97% | 12.45% |
Correlation
The correlation between MXL and AEHR is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2010 | 0.28 |
Over the past year, MXL and AEHR have become more correlated (0.54) than their long-term average of 0.28, meaning their price movements have been converging.
Fundamentals
MXL:
$8.18B
AEHR:
$2.28B
MXL:
-$1.51
AEHR:
-$0.38
MXL:
15.67
AEHR:
48.48
MXL:
15.97
AEHR:
16.06
MXL:
$508.90M
AEHR:
$45.26M
MXL:
$289.93M
AEHR:
$13.90M
MXL:
-$70.54M
AEHR:
-$13.56M
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Return for Risk
MXL vs. AEHR — Risk / Return Rank
MXL
AEHR
MXL vs. AEHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MaxLinear, Inc. (MXL) and Aehr Test Systems (AEHR). 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.
| MXL | AEHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.39 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 15.40 | 9.42 | +5.98 |
| Martin ratioReturn relative to average drawdown | 43.20 | 20.08 | +23.11 |
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Drawdowns
MXL vs. AEHR - Drawdown Comparison
The maximum MXL drawdown since its inception was -88.13%, smaller than the maximum AEHR drawdown of -97.98%. Use the drawdown chart below to compare losses from any high point for MXL and AEHR.
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Drawdown Indicators
| MXL | AEHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.13% | -97.98% | +9.85% |
Max Drawdown (1Y)Largest decline over 1 year | -32.97% | -42.58% | +9.61% |
Max Drawdown (3Y)Largest decline over 3 years | -73.61% | -87.37% | +13.76% |
Max Drawdown (5Y)Largest decline over 5 years | -88.13% | -87.37% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -88.13% | -87.37% | -0.76% |
Current DrawdownCurrent decline from peak | -28.69% | -37.73% | +9.04% |
Average DrawdownAverage peak-to-trough decline | -44.89% | -79.44% | +34.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.73% | 19.93% | -8.20% |
Volatility
MXL vs. AEHR - Volatility Comparison
MaxLinear, Inc. (MXL) has a higher volatility of 42.29% compared to Aehr Test Systems (AEHR) at 36.69%. This indicates that MXL's price experiences larger fluctuations and is considered to be riskier than AEHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXL | AEHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.29% | 36.69% | +5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 91.19% | 93.14% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 114.74% | 121.41% | -6.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.00% | 110.57% | -31.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.86% | 94.35% | -27.49% |
Dividends
MXL vs. AEHR - Dividend Comparison
Neither MXL nor AEHR has paid dividends to shareholders.
Financials
MXL vs. AEHR - Financials Comparison
This section allows you to compare key financial metrics between MaxLinear, Inc. and Aehr Test Systems. 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
MXL vs. AEHR - Profitability Comparison
MXL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, MaxLinear, Inc. reported a gross profit of 78.88M and revenue of 137.19M. Therefore, the gross margin over that period was 57.5%.
AEHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Aehr Test Systems reported a gross profit of 3.37M and revenue of 10.31M. Therefore, the gross margin over that period was 32.7%.
MXL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, MaxLinear, Inc. reported an operating income of -17.21M and revenue of 137.19M, resulting in an operating margin of -12.5%.
AEHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Aehr Test Systems reported an operating income of -4.23M and revenue of 10.31M, resulting in an operating margin of -41.0%.
MXL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, MaxLinear, Inc. reported a net income of -45.14M and revenue of 137.19M, resulting in a net margin of -32.9%.
AEHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Aehr Test Systems reported a net income of -3.20M and revenue of 10.31M, resulting in a net margin of -31.1%.
Frequently Asked Questions
MXL and AEHR have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXL has higher volatility (42.29%) compared to AEHR (36.69%). In terms of maximum drawdown, MXL dropped -88.13% vs AEHR's -97.98%.
MXL currently has the higher Sharpe Ratio (4.43 vs 3.31), 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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