RNECY vs. QRVO
RNECY (Renesas Electronics Corp ADR) and QRVO (Qorvo, Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, RNECY returned 18.02%/yr vs 6.38%/yr for QRVO. At a 0.27 correlation, their price movements are largely independent.
Performance
RNECY vs. QRVO - Performance Comparison
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Returns By Period
In the year-to-date period, RNECY achieves a 131.76% return, which is significantly higher than QRVO's 20.67% return. Over the past 10 years, RNECY has outperformed QRVO with an annualized return of 18.02%, while QRVO has yielded a comparatively lower 6.38% annualized return.
RNECY
- 1D
- 8.69%
- 1M
- 23.70%
- YTD
- 131.76%
- 6M
- 131.76%
- 1Y
- 140.61%
- 3Y*
- 22.69%
- 5Y*
- 24.35%
- 10Y*
- 18.02%
QRVO
- 1D
- 3.62%
- 1M
- -4.18%
- YTD
- 20.67%
- 6M
- 17.96%
- 1Y
- 27.62%
- 3Y*
- 1.57%
- 5Y*
- -10.53%
- 10Y*
- 6.38%
RNECY vs. QRVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNECY Renesas Electronics Corp ADR | 131.76% | 7.51% | -28.20% | 103.64% | -29.19% | 18.55% | 52.92% | 53.71% | -60.76% | 43.54% |
QRVO Qorvo, Inc. | 20.67% | 20.85% | -37.90% | 24.24% | -42.04% | -5.94% | 43.05% | 91.39% | -8.81% | 26.30% |
Correlation
The correlation between RNECY and QRVO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.27 |
The correlation between RNECY and QRVO shifts across timeframes, from 0.27 (all time) to 0.43 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RNECY:
$58.12B
QRVO:
$9.45B
RNECY:
-¥2.98
QRVO:
$3.63
RNECY:
6.36
QRVO:
2.59
RNECY:
3.68
QRVO:
2.82
RNECY:
¥1.46T
QRVO:
$3.68B
RNECY:
¥692.31B
QRVO:
$1.69B
RNECY:
¥475.96B
QRVO:
$659.34M
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Return for Risk
RNECY vs. QRVO — Risk / Return Rank
RNECY
QRVO
RNECY vs. QRVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Renesas Electronics Corp ADR (RNECY) and Qorvo, Inc. (QRVO). 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.
| RNECY | QRVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.16 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | 1.26 | +3.26 |
| Martin ratioReturn relative to average drawdown | 12.69 | 2.46 | +10.24 |
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Drawdowns
RNECY vs. QRVO - Drawdown Comparison
The maximum RNECY drawdown since its inception was -92.23%, which is greater than QRVO's maximum drawdown of -74.54%. Use the drawdown chart below to compare losses from any high point for RNECY and QRVO.
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Drawdown Indicators
| RNECY | QRVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.23% | -74.54% | -17.69% |
Max Drawdown (1Y)Largest decline over 1 year | -31.29% | -21.97% | -9.32% |
Max Drawdown (3Y)Largest decline over 3 years | -52.49% | -60.68% | +8.19% |
Max Drawdown (5Y)Largest decline over 5 years | -52.49% | -74.03% | +21.54% |
Max Drawdown (10Y)Largest decline over 10 years | -77.20% | -74.54% | -2.66% |
Current DrawdownCurrent decline from peak | 0.00% | -48.89% | +48.89% |
Average DrawdownAverage peak-to-trough decline | -67.15% | -31.93% | -35.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.12% | 11.28% | -0.16% |
Volatility
RNECY vs. QRVO - Volatility Comparison
Renesas Electronics Corp ADR (RNECY) has a higher volatility of 26.48% compared to Qorvo, Inc. (QRVO) at 16.13%. This indicates that RNECY's price experiences larger fluctuations and is considered to be riskier than QRVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNECY | QRVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.48% | 16.13% | +10.35% |
Volatility (6M)Calculated over the trailing 6-month period | 48.12% | 27.56% | +20.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.86% | 35.44% | +23.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.98% | 42.31% | +5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.54% | 42.10% | +7.44% |
Dividends
RNECY vs. QRVO - Dividend Comparison
Neither RNECY nor QRVO 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
RNECY vs. QRVO - Financials Comparison
This section allows you to compare key financial metrics between Renesas Electronics Corp ADR and Qorvo, 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
RNECY vs. QRVO - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
RNECY and QRVO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNECY has higher volatility (26.48%) compared to QRVO (16.13%). In terms of maximum drawdown, RNECY dropped -92.23% vs QRVO's -74.54%.
RNECY currently has the higher Sharpe Ratio (2.41 vs 0.78), 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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