QRVO vs. OLED

Last updated Jun 9, 2026

QRVO (Qorvo, Inc.) and OLED (Universal Display Corporation) are both stocks. Both are in the Technology sector — QRVO in Semiconductors, OLED in Semiconductor Equipment & Materials. Over the past 10 years, QRVO returned 6.34%/yr vs 3.20%/yr for OLED. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

QRVO vs. OLED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Qorvo, Inc. (QRVO) and Universal Display Corporation (OLED). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QRVO achieves a 18.20% return, which is significantly higher than OLED's -23.54% return. Over the past 10 years, QRVO has outperformed OLED with an annualized return of 6.34%, while OLED has yielded a comparatively lower 3.20% annualized return.

QRVO

• 1D: 1.64%
• 1M: 10.34%
• YTD: 18.20%
• 6M: 11.73%
• 1Y: 27.12%
• 3Y*: 0.52%
• 5Y*: -11.26%
• 10Y*: 6.34%

OLED

• 1D: 3.15%
• 1M: -3.19%
• YTD: -23.54%
• 6M: -26.66%
• 1Y: -40.39%
• 3Y*: -13.73%
• 5Y*: -15.39%
• 10Y*: 3.20%

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

QRVO vs. OLED - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QRVO Qorvo, Inc.	18.20%	20.85%	-37.90%	24.24%	-42.04%	-5.94%	43.05%	91.39%	-8.81%	26.30%
OLED Universal Display Corporation	-23.54%	-19.07%	-22.88%	78.64%	-33.87%	-27.89%	11.91%	120.74%	-45.69%	206.97%

Correlation

The correlation between QRVO and OLED is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.56

The correlation between QRVO and OLED shifts across timeframes, from 0.43 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap QRVO : $9.25B OLED : $4.19B
EPS QRVO : $3.63 OLED : $4.49
PE Ratio QRVO : 27.55 OLED : 19.78
PEG Ratio QRVO : 0.25 OLED : 2.71
PS Ratio QRVO : 2.54 OLED : 6.74
PB Ratio QRVO : 2.77 OLED : 2.46
Total Revenue (TTM) QRVO : $3.68B OLED : $626.55M
Gross Profit (TTM) QRVO : $1.69B OLED : $465.05M
EBITDA (TTM) QRVO : $659.34M OLED : $277.56M

Return for Risk

QRVO vs. OLED — Risk / Return Rank

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

QRVO

QRVO Risk / Return Rank: 64
QRVO Sharpe Ratio Rank: 68
QRVO Sortino Ratio Rank: 61
QRVO Omega Ratio Rank: 62
QRVO Calmar Ratio Rank: 66
QRVO Martin Ratio Rank: 64

OLED

OLED Risk / Return Rank: 6
OLED Sharpe Ratio Rank: 4
OLED Sortino Ratio Rank: 5
OLED Omega Ratio Rank: 7
OLED Calmar Ratio Rank: 8
OLED Martin Ratio Rank: 5

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.

QRVO vs. OLED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Qorvo, Inc. (QRVO) and Universal Display Corporation (OLED). 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.

	QRVO	OLED	Difference
Sharpe ratio: Return per unit of total volatility	0.79	-1.06	+1.85
Sortino ratio: Return per unit of downside risk	1.24	-1.57	+2.81
Omega ratio: Gain probability vs. loss probability	1.17	0.82	+0.35
Calmar ratio: Return relative to maximum drawdown	1.24	-0.88	+2.12
Martin ratio: Return relative to average drawdown	2.44	-1.52	+3.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QRVO vs. OLED - Sharpe Ratio Comparison

The current QRVO Sharpe Ratio is 0.79, which is higher than the OLED Sharpe Ratio of -1.06. The chart below compares the historical Sharpe Ratios of QRVO and OLED, 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

	QRVO	OLED	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	-1.06	+1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	-0.35	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.07	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.14	-0.07

Drawdowns

QRVO vs. OLED - Drawdown Comparison

The maximum QRVO drawdown since its inception was -74.54%, smaller than the maximum OLED drawdown of -85.55%. Use the drawdown chart below to compare losses from any high point for QRVO and OLED.

Drawdown Indicators

	QRVO	OLED	Difference
Max Drawdown Largest peak-to-trough decline	-74.54%	-85.55%	+11.01%
Max Drawdown (1Y) Largest decline over 1 year	-21.97%	-45.99%	+24.02%
Max Drawdown (3Y) Largest decline over 3 years	-60.68%	-62.74%	+2.06%
Max Drawdown (5Y) Largest decline over 5 years	-74.03%	-62.74%	-11.29%
Max Drawdown (10Y) Largest decline over 10 years	-74.54%	-65.20%	-9.34%
Current Drawdown Current decline from peak	-49.94%	-64.11%	+14.17%
Average Drawdown Average peak-to-trough decline	-31.88%	-45.19%	+13.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.14%	26.64%	-15.50%

Volatility

QRVO vs. OLED - Volatility Comparison

Qorvo, Inc. (QRVO) has a higher volatility of 15.19% compared to Universal Display Corporation (OLED) at 11.17%. This indicates that QRVO's price experiences larger fluctuations and is considered to be riskier than OLED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QRVO	OLED	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.19%	11.17%	+4.02%
Volatility (6M) Calculated over the trailing 6-month period	26.14%	29.29%	-3.15%
Volatility (1Y) Calculated over the trailing 1-year period	34.65%	38.14%	-3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.15%	43.81%	-1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.05%	47.45%	-5.40%

Dividends

QRVO vs. OLED - Dividend Comparison

QRVO has not paid dividends to shareholders, while OLED's dividend yield for the trailing twelve months is around 2.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
OLED Universal Display Corporation	2.08%	1.54%	1.09%	0.73%	1.11%	0.48%	0.26%	0.19%	0.26%	0.07%
QRVO Qorvo, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

QRVO vs. OLED - Profitability Comparison

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

QRVO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Qorvo, Inc. reported a gross profit of 395.02M and revenue of 808.28M. Therefore, the gross margin over that period was 48.9%.

OLED - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Universal Display Corporation reported a gross profit of 106.09M and revenue of 142.21M. Therefore, the gross margin over that period was 74.6%.

QRVO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Qorvo, Inc. reported an operating income of 31.51M and revenue of 808.28M, resulting in an operating margin of 3.9%.

OLED - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Universal Display Corporation reported an operating income of 42.75M and revenue of 142.21M, resulting in an operating margin of 30.1%.

QRVO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Qorvo, Inc. reported a net income of 29.73M and revenue of 808.28M, resulting in a net margin of 3.7%.

OLED - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Universal Display Corporation reported a net income of 35.90M and revenue of 142.21M, resulting in a net margin of 25.2%.

Frequently Asked Questions

Can I hold both QRVO and OLED in my portfolio?

QRVO and OLED have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QRVO or OLED?

QRVO has higher volatility (15.19%) compared to OLED (11.17%). In terms of maximum drawdown, QRVO dropped -74.54% vs OLED's -85.55%.

Which has better risk-adjusted returns?

QRVO currently has the higher Sharpe Ratio (0.79 vs -1.06), 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.