TXN vs. AMAT
TXN (Texas Instruments Incorporated) and AMAT (Applied Materials, Inc.) are both stocks. Both are in the Technology sector — TXN in Semiconductors, AMAT in Semiconductor Equipment & Materials. Over the past 10 years, TXN returned 18.07%/yr vs 36.10%/yr for AMAT. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
TXN vs. AMAT - Performance Comparison
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Returns By Period
In the year-to-date period, TXN achieves a 61.61% return, which is significantly lower than AMAT's 98.04% return. Over the past 10 years, TXN has underperformed AMAT with an annualized return of 18.07%, while AMAT has yielded a comparatively higher 36.10% annualized return.
TXN
- 1D
- -0.58%
- 1M
- -5.43%
- 6M
- 29.23%
- YTD
- 61.61%
- 1Y
- 56.41%
- 3Y*
- 18.98%
- 5Y*
- 10.76%
- 10Y*
- 18.07%
- ALL TIME*
- 11.20%
AMAT
- 1D
- 1.18%
- 1M
- -15.81%
- 6M
- 57.90%
- YTD
- 98.04%
- 1Y
- 184.12%
- 3Y*
- 50.50%
- 5Y*
- 30.49%
- 10Y*
- 36.10%
- ALL TIME*
- 20.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.02B | $4.81B | $5.25B | |
| $2.67B | $2.35B | $2.63B |
TXN vs. AMAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TXN Texas Instruments Incorporated | 61.61% | -4.47% | 13.14% | 6.41% | -9.86% | 17.53% | 31.70% | 39.56% | -7.17% | 46.75% |
AMAT Applied Materials, Inc. | 98.04% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
Correlation
The correlation between TXN and AMAT is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1984 | 0.59 |
The correlation between TXN and AMAT shifts across timeframes, from 0.53 (1 year) to 0.71 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TXN:
$251.82B
AMAT:
$403.07B
TXN:
$6.61
AMAT:
$10.65
TXN:
41.70
AMAT:
47.66
TXN:
12.97
AMAT:
13.97
TXN:
14.09
AMAT:
16.97
TXN:
$19.45B
AMAT:
$29.02B
TXN:
$11.35B
AMAT:
$14.21B
TXN:
$9.04B
AMAT:
$9.92B
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Return for Risk
TXN vs. AMAT — Risk / Return Rank
TXN
AMAT
TXN vs. AMAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Instruments Incorporated (TXN) and Applied Materials, Inc. (AMAT). 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.
| TXN | AMAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 4.67 | -2.41 |
| Martin ratioReturn relative to average drawdown | 4.95 | 19.21 | -14.26 |
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Drawdowns
TXN vs. AMAT - Drawdown Comparison
The maximum TXN drawdown since its inception was -85.81%, roughly equal to the maximum AMAT drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for TXN and AMAT.
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Drawdown Indicators
| TXN | AMAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.81% | -85.22% | -0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -24.93% | -39.63% | +14.70% |
Max Drawdown (3Y)Largest decline over 3 years | -33.41% | -49.88% | +16.47% |
Max Drawdown (5Y)Largest decline over 5 years | -33.41% | -55.14% | +21.73% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | -55.14% | +21.73% |
Current DrawdownCurrent decline from peak | -16.59% | -29.78% | +13.19% |
Average DrawdownAverage peak-to-trough decline | -34.72% | -38.71% | +3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.40% | 9.62% | +1.78% |
Volatility
TXN vs. AMAT - Volatility Comparison
The current volatility for Texas Instruments Incorporated (TXN) is 10.99%, while Applied Materials, Inc. (AMAT) has a volatility of 25.47%. This indicates that TXN experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TXN | AMAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.99% | 25.47% | -14.48% |
Volatility (6M)Calculated over the trailing 6-month period | 34.20% | 50.11% | -15.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.93% | 59.77% | -17.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.33% | 46.71% | -13.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.58% | 44.28% | -12.70% |
Dividends
TXN vs. AMAT - Dividend Comparison
TXN's dividend yield for the trailing twelve months is around 2.06%, more than AMAT's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.38% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
TXN Texas Instruments Incorporated | 2.06% | 3.17% | 2.81% | 2.94% | 2.84% | 2.23% | 2.27% | 2.50% | 2.78% | 2.03% | 2.25% | 2.55% |
Financials
TXN vs. AMAT - Financials Comparison
This section allows you to compare key financial metrics between Texas Instruments Incorporated and Applied Materials, 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
TXN vs. AMAT - Profitability Comparison
TXN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Texas Instruments Incorporated reported a gross profit of 3.35B and revenue of 5.46B. Therefore, the gross margin over that period was 61.4%.
AMAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Applied Materials, Inc. reported a gross profit of 3.95B and revenue of 7.91B. Therefore, the gross margin over that period was 49.9%.
TXN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Texas Instruments Incorporated reported an operating income of 2.31B and revenue of 5.46B, resulting in an operating margin of 42.3%.
AMAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Applied Materials, Inc. reported an operating income of 2.52B and revenue of 7.91B, resulting in an operating margin of 31.9%.
TXN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Texas Instruments Incorporated reported a net income of 1.98B and revenue of 5.46B, resulting in a net margin of 36.2%.
AMAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Applied Materials, Inc. reported a net income of 2.81B and revenue of 7.91B, resulting in a net margin of 35.5%.
Frequently Asked Questions
TXN and AMAT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMAT has higher volatility (25.47%) compared to TXN (10.99%). In terms of maximum drawdown, TXN dropped -85.81% vs AMAT's -85.22%.
AMAT currently has the higher Sharpe Ratio (3.11 vs 1.35), 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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