VIAV vs. MXL
VIAV (Viavi Solutions Inc.) and MXL (MaxLinear, Inc.) are both stocks. Both are in the Technology sector — VIAV in Communication Equipment, MXL in Semiconductors. Over the past 10 years, VIAV returned 22.24%/yr vs 17.28%/yr for MXL. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
VIAV vs. MXL - Performance Comparison
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Returns By Period
In the year-to-date period, VIAV achieves a 180.42% return, which is significantly lower than MXL's 411.07% return. Over the past 10 years, VIAV has outperformed MXL with an annualized return of 22.24%, while MXL has yielded a comparatively lower 17.28% annualized return.
VIAV
- 1D
- -5.61%
- 1M
- 0.93%
- YTD
- 180.42%
- 6M
- 173.06%
- 1Y
- 419.44%
- 3Y*
- 68.74%
- 5Y*
- 23.38%
- 10Y*
- 22.24%
MXL
- 1D
- -7.63%
- 1M
- -10.17%
- YTD
- 411.07%
- 6M
- 403.56%
- 1Y
- 580.52%
- 3Y*
- 45.47%
- 5Y*
- 16.53%
- 10Y*
- 17.28%
VIAV vs. MXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIAV Viavi Solutions Inc. | 180.42% | 76.44% | 0.30% | -4.19% | -40.35% | 17.66% | -0.17% | 49.25% | 14.99% | 6.85% |
MXL MaxLinear, Inc. | 411.07% | -11.88% | -16.79% | -29.99% | -54.97% | 97.41% | 79.97% | 20.57% | -33.38% | 21.19% |
Correlation
The correlation between VIAV and MXL is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2015 | 0.51 |
The correlation between VIAV and MXL has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
Fundamentals
VIAV:
$12.47B
MXL:
$7.80B
VIAV:
-$0.24
MXL:
-$1.52
VIAV:
8.44
MXL:
15.26
VIAV:
14.73
MXL:
15.58
VIAV:
$1.37B
MXL:
$508.90M
VIAV:
$767.90M
MXL:
$289.93M
VIAV:
$88.40M
MXL:
-$70.54M
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Return for Risk
VIAV vs. MXL — Risk / Return Rank
VIAV
MXL
VIAV vs. MXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Viavi Solutions Inc. (VIAV) and MaxLinear, Inc. (MXL). 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.
| VIAV | MXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.69 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 20.01 | 19.76 | +0.25 |
| Martin ratioReturn relative to average drawdown | 70.00 | 54.32 | +15.69 |
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Drawdowns
VIAV vs. MXL - Drawdown Comparison
The maximum VIAV drawdown since its inception was -62.88%, smaller than the maximum MXL drawdown of -88.13%. Use the drawdown chart below to compare losses from any high point for VIAV and MXL.
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Drawdown Indicators
| VIAV | MXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.88% | -88.13% | +25.25% |
Max Drawdown (1Y)Largest decline over 1 year | -21.13% | -29.65% | +8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -42.19% | -73.61% | +31.42% |
Max Drawdown (5Y)Largest decline over 5 years | -62.88% | -88.13% | +25.25% |
Max Drawdown (10Y)Largest decline over 10 years | -62.88% | -88.13% | +25.25% |
Current DrawdownCurrent decline from peak | -9.69% | -12.90% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -20.21% | -44.97% | +24.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.03% | 10.76% | -4.73% |
Volatility
VIAV vs. MXL - Volatility Comparison
The current volatility for Viavi Solutions Inc. (VIAV) is 28.33%, while MaxLinear, Inc. (MXL) has a volatility of 29.94%. This indicates that VIAV experiences smaller price fluctuations and is considered to be less risky than MXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIAV | MXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.33% | 29.94% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 55.44% | 84.25% | -28.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.47% | 109.05% | -44.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.57% | 77.38% | -33.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.78% | 66.00% | -27.22% |
Dividends
VIAV vs. MXL - Dividend Comparison
Neither VIAV nor MXL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXL MaxLinear, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIAV Viavi Solutions Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 77.01% |
Financials
VIAV vs. MXL - Financials Comparison
This section allows you to compare key financial metrics between Viavi Solutions Inc. and MaxLinear, 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
VIAV vs. MXL - Profitability Comparison
VIAV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Viavi Solutions Inc. reported a gross profit of 234.10M and revenue of 406.80M. Therefore, the gross margin over that period was 57.6%.
MXL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MaxLinear, Inc. reported a gross profit of 78.88M and revenue of 137.19M. Therefore, the gross margin over that period was 57.5%.
VIAV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Viavi Solutions Inc. reported an operating income of 24.80M and revenue of 406.80M, resulting in an operating margin of 6.1%.
MXL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MaxLinear, Inc. reported an operating income of -17.21M and revenue of 137.19M, resulting in an operating margin of -12.5%.
VIAV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Viavi Solutions Inc. reported a net income of 6.40M and revenue of 406.80M, resulting in a net margin of 1.6%.
MXL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MaxLinear, Inc. reported a net income of -45.14M and revenue of 137.19M, resulting in a net margin of -32.9%.
Frequently Asked Questions
VIAV and MXL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXL has higher volatility (29.94%) compared to VIAV (28.33%). In terms of maximum drawdown, VIAV dropped -62.88% vs MXL's -88.13%.
VIAV currently has the higher Sharpe Ratio (6.56 vs 5.37), 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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