NVMI vs. MPWR
NVMI (Nova Ltd) and MPWR (Monolithic Power Systems, Inc.) are both stocks. Both are in the Technology sector — NVMI in Semiconductor Equipment & Materials, MPWR in Semiconductors. Over the past 10 years, NVMI returned 47.99%/yr vs 37.94%/yr for MPWR. At a 0.40 correlation, their price movements are largely independent.
Performance
NVMI vs. MPWR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NVMI having a 77.55% return and MPWR slightly lower at 74.38%. Over the past 10 years, NVMI has outperformed MPWR with an annualized return of 47.99%, while MPWR has yielded a comparatively lower 37.94% annualized return.
NVMI
- 1D
- 4.19%
- 1M
- 15.76%
- YTD
- 77.55%
- 6M
- 84.60%
- 1Y
- 155.07%
- 3Y*
- 70.07%
- 5Y*
- 41.92%
- 10Y*
- 47.99%
MPWR
- 1D
- -0.77%
- 1M
- -4.43%
- YTD
- 74.38%
- 6M
- 67.26%
- 1Y
- 121.18%
- 3Y*
- 44.43%
- 5Y*
- 36.35%
- 10Y*
- 37.94%
NVMI vs. MPWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVMI Nova Ltd | 77.55% | 66.74% | 43.35% | 68.21% | -44.25% | 107.51% | 86.62% | 66.07% | -12.08% | 96.88% |
MPWR Monolithic Power Systems, Inc. | 74.38% | 54.45% | -5.55% | 79.78% | -27.78% | 35.49% | 107.49% | 54.80% | 4.49% | 38.23% |
Correlation
The correlation between NVMI and MPWR is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2004 | 0.40 |
Over the past year, NVMI and MPWR have become more correlated (0.70) than their long-term average of 0.40, meaning their price movements have been converging.
Fundamentals
NVMI:
$20.08B
MPWR:
$77.67B
NVMI:
$7.94
MPWR:
$13.89
NVMI:
73.41
MPWR:
113.54
NVMI:
2.55
MPWR:
1.43
NVMI:
21.45
MPWR:
25.93
NVMI:
14.47
MPWR:
21.12
NVMI:
$902.53M
MPWR:
$2.96B
NVMI:
$518.59M
MPWR:
$1.63B
NVMI:
$293.89M
MPWR:
$861.78M
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Return for Risk
NVMI vs. MPWR — Risk / Return Rank
NVMI
MPWR
NVMI vs. MPWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nova Ltd (NVMI) and Monolithic Power Systems, Inc. (MPWR). 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.
| NVMI | MPWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 7.24 | 5.43 | +1.81 |
| Martin ratioReturn relative to average drawdown | 19.34 | 14.45 | +4.89 |
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Drawdowns
NVMI vs. MPWR - Drawdown Comparison
The maximum NVMI drawdown since its inception was -98.22%, which is greater than MPWR's maximum drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for NVMI and MPWR.
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Drawdown Indicators
| NVMI | MPWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.22% | -72.27% | -25.95% |
Max Drawdown (1Y)Largest decline over 1 year | -21.56% | -22.45% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -40.79% | -51.65% | +10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -52.76% | -51.65% | -1.11% |
Max Drawdown (10Y)Largest decline over 10 years | -52.76% | -51.65% | -1.11% |
Current DrawdownCurrent decline from peak | 0.00% | -6.66% | +6.66% |
Average DrawdownAverage peak-to-trough decline | -51.75% | -17.71% | -34.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 8.44% | -0.39% |
Volatility
NVMI vs. MPWR - Volatility Comparison
Nova Ltd (NVMI) has a higher volatility of 24.56% compared to Monolithic Power Systems, Inc. (MPWR) at 20.33%. This indicates that NVMI's price experiences larger fluctuations and is considered to be riskier than MPWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVMI | MPWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.56% | 20.33% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 41.88% | 37.42% | +4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.74% | 48.53% | +5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.49% | 53.53% | -6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.42% | 47.23% | -3.81% |
Dividends
NVMI vs. MPWR - Dividend Comparison
NVMI has not paid dividends to shareholders, while MPWR's dividend yield for the trailing twelve months is around 0.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPWR Monolithic Power Systems, Inc. | 0.42% | 0.69% | 0.85% | 0.63% | 0.85% | 0.49% | 0.55% | 0.90% | 1.03% | 0.71% | 0.98% | 1.26% |
NVMI Nova Ltd | 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
NVMI vs. MPWR - Financials Comparison
This section allows you to compare key financial metrics between Nova Ltd and Monolithic Power Systems, 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
NVMI vs. MPWR - Profitability Comparison
NVMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nova Ltd reported a gross profit of 135.69M and revenue of 235.31M. Therefore, the gross margin over that period was 57.7%.
MPWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a gross profit of 445.07M and revenue of 804.19M. Therefore, the gross margin over that period was 55.3%.
NVMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nova Ltd reported an operating income of 70.84M and revenue of 235.31M, resulting in an operating margin of 30.1%.
MPWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported an operating income of 241.15M and revenue of 804.19M, resulting in an operating margin of 30.0%.
NVMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nova Ltd reported a net income of 69.26M and revenue of 235.31M, resulting in a net margin of 29.4%.
MPWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a net income of 193.23M and revenue of 804.19M, resulting in a net margin of 24.0%.
Frequently Asked Questions
NVMI and MPWR have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVMI has higher volatility (24.56%) compared to MPWR (20.33%). In terms of maximum drawdown, NVMI dropped -98.22% vs MPWR's -72.27%.
NVMI currently has the higher Sharpe Ratio (2.91 vs 2.51), 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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