SANM vs. FN
SANM (Sanmina Corporation) and FN (Fabrinet) are both stocks. Both operate in the Electronic Components industry within the Technology sector. Over the past 10 years, SANM returned 25.40%/yr vs 33.25%/yr for FN. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
SANM vs. FN - Performance Comparison
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Returns By Period
In the year-to-date period, SANM achieves a 68.89% return, which is significantly higher than FN's 35.54% return. Over the past 10 years, SANM has underperformed FN with an annualized return of 25.40%, while FN has yielded a comparatively higher 33.25% annualized return.
SANM
- 1D
- 4.95%
- 1M
- 2.84%
- YTD
- 68.89%
- 6M
- 65.77%
- 1Y
- 182.08%
- 3Y*
- 64.62%
- 5Y*
- 45.86%
- 10Y*
- 25.40%
FN
- 1D
- 7.55%
- 1M
- -12.33%
- YTD
- 35.54%
- 6M
- 27.62%
- 1Y
- 131.82%
- 3Y*
- 70.66%
- 5Y*
- 45.91%
- 10Y*
- 33.25%
SANM vs. FN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SANM Sanmina Corporation | 68.89% | 98.32% | 47.30% | -10.33% | 38.18% | 30.01% | -6.86% | 42.31% | -27.09% | -9.96% |
FN Fabrinet | 35.54% | 107.06% | 15.53% | 48.44% | 8.23% | 52.69% | 19.66% | 26.37% | 78.78% | -28.78% |
Correlation
The correlation between SANM and FN is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2010 | 0.51 |
The correlation between SANM and FN has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.
Fundamentals
SANM:
$14.02B
FN:
$22.35B
SANM:
$4.72
FN:
$11.65
SANM:
53.65
FN:
52.98
SANM:
10.46
FN:
2.27
SANM:
1.23
FN:
5.27
SANM:
1.99
FN:
9.70
SANM:
$11.34B
FN:
$4.24B
SANM:
$968.36M
FN:
$509.75M
SANM:
$365.81M
FN:
$422.55M
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Return for Risk
SANM vs. FN — Risk / Return Rank
SANM
FN
SANM vs. FN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sanmina Corporation (SANM) and Fabrinet (FN). 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.
| SANM | FN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.31 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.60 | 5.73 | -0.13 |
| Martin ratioReturn relative to average drawdown | 13.88 | 14.11 | -0.24 |
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Drawdowns
SANM vs. FN - Drawdown Comparison
The maximum SANM drawdown since its inception was -99.66%, which is greater than FN's maximum drawdown of -70.46%. Use the drawdown chart below to compare losses from any high point for SANM and FN.
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Drawdown Indicators
| SANM | FN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.66% | -70.46% | -29.20% |
Max Drawdown (1Y)Largest decline over 1 year | -32.69% | -23.14% | -9.55% |
Max Drawdown (3Y)Largest decline over 3 years | -32.69% | -37.47% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -33.92% | -38.70% | +4.78% |
Max Drawdown (10Y)Largest decline over 10 years | -55.85% | -51.11% | -4.74% |
Current DrawdownCurrent decline from peak | -28.40% | -17.33% | -11.07% |
Average DrawdownAverage peak-to-trough decline | -71.40% | -22.58% | -48.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.18% | 9.38% | +3.80% |
Volatility
SANM vs. FN - Volatility Comparison
The current volatility for Sanmina Corporation (SANM) is 18.87%, while Fabrinet (FN) has a volatility of 25.74%. This indicates that SANM experiences smaller price fluctuations and is considered to be less risky than FN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SANM | FN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.87% | 25.74% | -6.87% |
Volatility (6M)Calculated over the trailing 6-month period | 48.93% | 55.63% | -6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.46% | 67.58% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.58% | 53.93% | -9.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.13% | 48.44% | -6.31% |
Dividends
SANM vs. FN - Dividend Comparison
Neither SANM nor FN has paid dividends to shareholders.
Financials
SANM vs. FN - Financials Comparison
This section allows you to compare key financial metrics between Sanmina Corporation and Fabrinet. 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
SANM vs. FN - Profitability Comparison
SANM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sanmina Corporation reported a gross profit of 354.98M and revenue of 4.01B. Therefore, the gross margin over that period was 8.9%.
FN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fabrinet reported a gross profit of 144.34M and revenue of 1.21B. Therefore, the gross margin over that period was 11.9%.
SANM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sanmina Corporation reported an operating income of 157.01M and revenue of 4.01B, resulting in an operating margin of 3.9%.
FN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fabrinet reported an operating income of 120.04M and revenue of 1.21B, resulting in an operating margin of 9.9%.
SANM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sanmina Corporation reported a net income of 93.65M and revenue of 4.01B, resulting in a net margin of 2.3%.
FN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fabrinet reported a net income of 128.18M and revenue of 1.21B, resulting in a net margin of 10.6%.
Frequently Asked Questions
SANM and FN have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FN has higher volatility (25.74%) compared to SANM (18.87%). In terms of maximum drawdown, SANM dropped -99.66% vs FN's -70.46%.
SANM currently has the higher Sharpe Ratio (2.68 vs 1.97), 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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