QRVO vs. RNECY
QRVO (Qorvo, Inc.) and RNECY (Renesas Electronics Corp ADR) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, QRVO returned 6.34%/yr vs 16.79%/yr for RNECY. At a 0.27 correlation, their price movements are largely independent.
Performance
QRVO vs. RNECY - Performance Comparison
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Returns By Period
In the year-to-date period, QRVO achieves a 18.20% return, which is significantly lower than RNECY's 98.38% return. Over the past 10 years, QRVO has underperformed RNECY with an annualized return of 6.34%, while RNECY has yielded a comparatively higher 16.79% 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%
RNECY
- 1D
- 5.47%
- 1M
- 17.30%
- YTD
- 98.38%
- 6M
- 102.55%
- 1Y
- 102.86%
- 3Y*
- 16.16%
- 5Y*
- 19.88%
- 10Y*
- 16.79%
QRVO vs. RNECY - 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% |
RNECY Renesas Electronics Corp ADR | 98.38% | 7.51% | -28.20% | 103.64% | -29.19% | 18.55% | 52.92% | 53.71% | -60.76% | 43.54% |
Correlation
The correlation between QRVO and RNECY is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015 | 0.27 |
The correlation between QRVO and RNECY shifts across timeframes, from 0.27 (all time) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
QRVO:
$9.25B
RNECY:
$49.75B
QRVO:
$3.63
RNECY:
-$2.98
QRVO:
2.54
RNECY:
0.03
QRVO:
2.77
RNECY:
0.02
QRVO:
$3.68B
RNECY:
$1.46T
QRVO:
$1.69B
RNECY:
$692.31B
QRVO:
$659.34M
RNECY:
$475.96B
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Return for Risk
QRVO vs. RNECY — Risk / Return Rank
QRVO
RNECY
QRVO vs. RNECY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Qorvo, Inc. (QRVO) and Renesas Electronics Corp ADR (RNECY). 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 | RNECY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 3.31 | -2.07 |
| Martin ratioReturn relative to average drawdown | 2.44 | 9.05 | -6.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QRVO | RNECY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.80 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.42 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.34 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.01 | +0.08 |
Drawdowns
QRVO vs. RNECY - Drawdown Comparison
The maximum QRVO drawdown since its inception was -74.54%, smaller than the maximum RNECY drawdown of -92.23%. Use the drawdown chart below to compare losses from any high point for QRVO and RNECY.
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Drawdown Indicators
| QRVO | RNECY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.54% | -92.23% | +17.69% |
Max Drawdown (1Y)Largest decline over 1 year | -21.97% | -31.29% | +9.32% |
Max Drawdown (3Y)Largest decline over 3 years | -60.68% | -52.49% | -8.19% |
Max Drawdown (5Y)Largest decline over 5 years | -74.03% | -52.49% | -21.54% |
Max Drawdown (10Y)Largest decline over 10 years | -74.54% | -77.20% | +2.66% |
Current DrawdownCurrent decline from peak | -49.94% | -11.39% | -38.55% |
Average DrawdownAverage peak-to-trough decline | -31.88% | -67.27% | +35.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.14% | 11.41% | -0.27% |
Volatility
QRVO vs. RNECY - Volatility Comparison
The current volatility for Qorvo, Inc. (QRVO) is 15.19%, while Renesas Electronics Corp ADR (RNECY) has a volatility of 26.56%. This indicates that QRVO experiences smaller price fluctuations and is considered to be less risky than RNECY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QRVO | RNECY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.19% | 26.56% | -11.37% |
Volatility (6M)Calculated over the trailing 6-month period | 26.14% | 47.11% | -20.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.65% | 57.73% | -23.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.15% | 47.67% | -5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.05% | 49.46% | -7.41% |
Dividends
QRVO vs. RNECY - Dividend Comparison
Neither QRVO nor RNECY has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QRVO Qorvo, Inc. | 0.00% | 0.00% | 0.00% |
RNECY Renesas Electronics Corp ADR | 0.00% | 0.00% | 1.48% |
Financials
QRVO vs. RNECY - Financials Comparison
This section allows you to compare key financial metrics between Qorvo, Inc. and Renesas Electronics Corp ADR. 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
QRVO vs. RNECY - Profitability Comparison
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%.
RNECY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Renesas Electronics Corp ADR reported a gross profit of 198.11B and revenue of 387.28B. Therefore, the gross margin over that period was 51.2%.
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%.
RNECY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Renesas Electronics Corp ADR reported an operating income of 93.16B and revenue of 387.28B, resulting in an operating margin of 24.1%.
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%.
RNECY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Renesas Electronics Corp ADR reported a net income of 69.40B and revenue of 387.28B, resulting in a net margin of 17.9%.
Frequently Asked Questions
QRVO and RNECY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNECY has higher volatility (26.56%) compared to QRVO (15.19%). In terms of maximum drawdown, QRVO dropped -74.54% vs RNECY's -92.23%.
RNECY currently has the higher Sharpe Ratio (1.80 vs 0.79), 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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