QCOM vs. MCHP

Last updated Jun 3, 2026

QCOM (QUALCOMM Incorporated) and MCHP (Microchip Technology Incorporated) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, QCOM returned 19.09%/yr vs 16.28%/yr for MCHP. At a 0.47 correlation, their price movements are largely independent.

Performance

QCOM vs. MCHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in QUALCOMM Incorporated (QCOM) and Microchip Technology Incorporated (MCHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCOM achieves a 41.70% return, which is significantly lower than MCHP's 53.83% return. Over the past 10 years, QCOM has outperformed MCHP with an annualized return of 19.09%, while MCHP has yielded a comparatively lower 16.28% annualized return.

QCOM

• 1D: 5.17%
• 1M: 36.06%
• YTD: 41.70%
• 6M: 42.72%
• 1Y: 68.10%
• 3Y*: 30.36%
• 5Y*: 15.19%
• 10Y*: 19.09%

MCHP

• 1D: 5.94%
• 1M: 3.72%
• YTD: 53.83%
• 6M: 72.85%
• 1Y: 65.98%
• 3Y*: 10.62%
• 5Y*: 7.29%
• 10Y*: 16.28%

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

QCOM vs. MCHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QCOM QUALCOMM Incorporated	41.70%	13.84%	8.31%	35.07%	-38.58%	22.25%	77.08%	60.76%	-7.59%	2.05%
MCHP Microchip Technology Incorporated	53.83%	14.61%	-34.96%	30.90%	-17.98%	27.49%	33.73%	48.02%	-16.71%	39.46%

Correlation

The correlation between QCOM and MCHP is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Mar 22, 1993	0.47

The correlation between QCOM and MCHP shifts across timeframes, from 0.47 (all time) to 0.69 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS QCOM : $9.11 MCHP : $0.43
PE Ratio QCOM : 26.42 MCHP : 225.71
PS Ratio QCOM : 5.89 MCHP : 8.35
Total Revenue (TTM) QCOM : $44.49B MCHP : $4.71B
Gross Profit (TTM) QCOM : $24.38B MCHP : $2.72B
EBITDA (TTM) QCOM : $12.92B MCHP : $1.02B

Return for Risk

QCOM vs. MCHP — Risk / Return Rank

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

QCOM

QCOM Risk / Return Rank: 78
QCOM Sharpe Ratio Rank: 81
QCOM Sortino Ratio Rank: 78
QCOM Omega Ratio Rank: 81
QCOM Calmar Ratio Rank: 75
QCOM Martin Ratio Rank: 74

MCHP

MCHP Risk / Return Rank: 78
MCHP Sharpe Ratio Rank: 82
MCHP Sortino Ratio Rank: 80
MCHP Omega Ratio Rank: 76
MCHP Calmar Ratio Rank: 75
MCHP Martin Ratio Rank: 77

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.

QCOM vs. MCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QUALCOMM Incorporated (QCOM) and Microchip Technology Incorporated (MCHP). 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.

	QCOM	MCHP	Difference
Sharpe ratio Return per unit of total volatility	1.50	1.53	-0.04
Sortino ratio Return per unit of downside risk	2.23	2.37	-0.14
Omega ratio Gain probability vs. loss probability	1.32	1.28	+0.04
Calmar ratio Return relative to maximum drawdown	2.11	2.08	+0.03
Martin ratio Return relative to average drawdown	4.76	5.56	-0.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QCOM vs. MCHP - Sharpe Ratio Comparison

The current QCOM Sharpe Ratio is 1.50, which is comparable to the MCHP Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of QCOM and MCHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QCOM	MCHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	1.53	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.17	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.39	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.43	0.00

Drawdowns

QCOM vs. MCHP - Drawdown Comparison

The maximum QCOM drawdown since its inception was -86.75%, which is greater than MCHP's maximum drawdown of -63.77%. Use the drawdown chart below to compare losses from any high point for QCOM and MCHP.

Drawdown Indicators

	QCOM	MCHP	Difference
Max Drawdown Largest peak-to-trough decline	-86.75%	-63.77%	-22.98%
Max Drawdown (1Y) Largest decline over 1 year	-33.13%	-34.41%	+1.28%
Max Drawdown (3Y) Largest decline over 3 years	-44.23%	-63.77%	+19.54%
Max Drawdown (5Y) Largest decline over 5 years	-44.29%	-63.77%	+19.48%
Max Drawdown (10Y) Largest decline over 10 years	-44.29%	-63.77%	+19.48%
Current Drawdown Current decline from peak	-4.06%	-5.32%	+1.26%
Average Drawdown Average peak-to-trough decline	-32.89%	-16.71%	-16.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.65%	12.87%	+1.78%

Volatility

QCOM vs. MCHP - Volatility Comparison

QUALCOMM Incorporated (QCOM) has a higher volatility of 29.20% compared to Microchip Technology Incorporated (MCHP) at 12.67%. This indicates that QCOM's price experiences larger fluctuations and is considered to be riskier than MCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QCOM	MCHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.20%	12.67%	+16.53%
Volatility (6M) Calculated over the trailing 6-month period	38.65%	32.70%	+5.95%
Volatility (1Y) Calculated over the trailing 1-year period	45.75%	43.33%	+2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.52%	43.92%	-3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.94%	41.77%	-2.83%

Dividends

QCOM vs. MCHP - Dividend Comparison

QCOM's dividend yield for the trailing twelve months is around 1.48%, less than MCHP's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCHP Microchip Technology Incorporated	1.88%	2.86%	3.16%	1.76%	1.65%	0.98%	1.07%	1.40%	2.02%	1.65%	2.24%	3.07%
QCOM QUALCOMM Incorporated	1.48%	2.06%	2.18%	2.18%	2.67%	1.47%	1.69%	2.81%	4.27%	3.50%	3.17%	3.72%

Financials

QCOM vs. MCHP - Profitability Comparison

The chart below illustrates the profitability comparison between QUALCOMM Incorporated and Microchip Technology Incorporated over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

QCOM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, QUALCOMM Incorporated reported a gross profit of 5.70B and revenue of 10.60B. Therefore, the gross margin over that period was 53.8%.

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%.

QCOM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, QUALCOMM Incorporated reported an operating income of 2.31B and revenue of 10.60B, resulting in an operating margin of 21.8%.

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%.

QCOM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, QUALCOMM Incorporated reported a net income of 7.37B and revenue of 10.60B, resulting in a net margin of 69.5%.

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%.

Frequently Asked Questions

Can I hold both QCOM and MCHP in my portfolio?

QCOM and MCHP have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QCOM or MCHP?

QCOM has higher volatility (29.20%) compared to MCHP (12.67%). In terms of maximum drawdown, QCOM dropped -86.75% vs MCHP's -63.77%.

Which has better risk-adjusted returns?

MCHP currently has the higher Sharpe Ratio (1.53 vs 1.50), 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.