VRT vs. MPWR

Last updated Jun 9, 2026

VRT (Vertiv Holdings Co.) and MPWR (Monolithic Power Systems, Inc.) are both stocks. VRT operates in Electrical Equipment & Parts (Industrials), while MPWR operates in Semiconductors (Technology). Over the past 5 years, VRT returned 62.98%/yr vs 36.56%/yr for MPWR. At a 0.48 correlation, their price movements are largely independent.

Performance

VRT vs. MPWR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vertiv Holdings Co. (VRT) and Monolithic Power Systems, Inc. (MPWR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VRT achieves a 85.57% return, which is significantly higher than MPWR's 72.37% return.

VRT

• 1D: 0.02%
• 1M: -11.59%
• YTD: 85.57%
• 6M: 61.97%
• 1Y: 160.87%
• 3Y*: 142.34%
• 5Y*: 62.98%
• 10Y*: —

MPWR

• 1D: 5.28%
• 1M: -2.60%
• YTD: 72.37%
• 6M: 59.11%
• 1Y: 128.65%
• 3Y*: 47.03%
• 5Y*: 36.56%
• 10Y*: 37.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VRT vs. MPWR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VRT Vertiv Holdings Co.	85.57%	42.80%	136.82%	251.81%	-45.25%	33.80%	69.36%	12.55%	-0.51%
MPWR Monolithic Power Systems, Inc.	72.37%	54.45%	-5.55%	79.78%	-27.78%	35.49%	107.49%	54.80%	-10.85%

Correlation

The correlation between VRT and MPWR is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jul 31, 2018	0.48

The correlation between VRT and MPWR has been stable across timeframes, ranging from 0.48 to 0.58 - a consistent structural relationship.

Fundamentals

Market Cap VRT : $117.86B MPWR : $76.78B
EPS VRT : $3.99 MPWR : $13.89
PE Ratio VRT : 75.41 MPWR : 112.24
PEG Ratio VRT : 0.33 MPWR : 1.41
PS Ratio VRT : 10.84 MPWR : 25.63
PB Ratio VRT : 27.77 MPWR : 20.88
Total Revenue (TTM) VRT : $10.84B MPWR : $2.96B
Gross Profit (TTM) VRT : $3.92B MPWR : $1.63B
EBITDA (TTM) VRT : $2.35B MPWR : $861.78M

Return for Risk

VRT vs. MPWR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VRT

VRT Risk / Return Rank: 93
VRT Sharpe Ratio Rank: 94
VRT Sortino Ratio Rank: 91
VRT Omega Ratio Rank: 90
VRT Calmar Ratio Rank: 95
VRT Martin Ratio Rank: 95

MPWR

MPWR Risk / Return Rank: 92
MPWR Sharpe Ratio Rank: 94
MPWR Sortino Ratio Rank: 90
MPWR Omega Ratio Rank: 88
MPWR Calmar Ratio Rank: 94
MPWR Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VRT vs. MPWR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vertiv Holdings Co. (VRT) and Monolithic Power Systems, Inc. (MPWR). 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.

	VRT	MPWR	Difference
Sharpe ratio: Return per unit of total volatility	2.79	2.70	+0.09
Sortino ratio: Return per unit of downside risk	3.30	3.12	+0.18
Omega ratio: Gain probability vs. loss probability	1.41	1.39	+0.02
Calmar ratio: Return relative to maximum drawdown	6.53	5.76	+0.77
Martin ratio: Return relative to average drawdown	18.20	15.40	+2.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VRT vs. MPWR - Sharpe Ratio Comparison

The current VRT Sharpe Ratio is 2.79, which is comparable to the MPWR Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of VRT and MPWR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VRT	MPWR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.79	2.70	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	0.69	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.58	+0.42

Drawdowns

VRT vs. MPWR - Drawdown Comparison

The maximum VRT drawdown since its inception was -71.24%, roughly equal to the maximum MPWR drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for VRT and MPWR.

Drawdown Indicators

	VRT	MPWR	Difference
Max Drawdown Largest peak-to-trough decline	-71.24%	-72.27%	+1.03%
Max Drawdown (1Y) Largest decline over 1 year	-24.78%	-22.45%	-2.33%
Max Drawdown (3Y) Largest decline over 3 years	-61.28%	-51.65%	-9.63%
Max Drawdown (5Y) Largest decline over 5 years	-71.24%	-51.65%	-19.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.65%	—
Current Drawdown Current decline from peak	-20.11%	-7.73%	-12.38%
Average Drawdown Average peak-to-trough decline	-16.22%	-17.72%	+1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.89%	8.38%	+0.51%

Volatility

VRT vs. MPWR - Volatility Comparison

The current volatility for Vertiv Holdings Co. (VRT) is 16.60%, while Monolithic Power Systems, Inc. (MPWR) has a volatility of 19.38%. This indicates that VRT experiences smaller price fluctuations and is considered to be less risky than MPWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRT	MPWR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.60%	19.38%	-2.78%
Volatility (6M) Calculated over the trailing 6-month period	45.55%	36.53%	+9.02%
Volatility (1Y) Calculated over the trailing 1-year period	58.11%	47.99%	+10.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.81%	53.40%	+8.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.61%	47.17%	+7.44%

Dividends

VRT vs. MPWR - Dividend Comparison

VRT's dividend yield for the trailing twelve months is around 0.07%, less than MPWR's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPWR Monolithic Power Systems, Inc.	0.43%	0.69%	0.85%	0.63%	0.85%	0.49%	0.55%	0.90%	1.03%	0.71%	0.98%	1.26%
VRT Vertiv Holdings Co.	0.07%	0.11%	0.10%	0.05%	0.07%	0.04%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

VRT vs. MPWR - Profitability Comparison

The chart below illustrates the profitability comparison between Vertiv Holdings Co. and Monolithic Power Systems, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VRT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vertiv Holdings Co. reported a gross profit of 999.70M and revenue of 2.65B. Therefore, the gross margin over that period was 37.7%.

MPWR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a gross profit of 445.07M and revenue of 804.19M. Therefore, the gross margin over that period was 55.3%.

VRT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vertiv Holdings Co. reported an operating income of 440.10M and revenue of 2.65B, resulting in an operating margin of 16.6%.

MPWR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported an operating income of 241.15M and revenue of 804.19M, resulting in an operating margin of 30.0%.

VRT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vertiv Holdings Co. reported a net income of 390.10M and revenue of 2.65B, resulting in a net margin of 14.7%.

MPWR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a net income of 193.23M and revenue of 804.19M, resulting in a net margin of 24.0%.

Frequently Asked Questions

Can I hold both VRT and MPWR in my portfolio?

VRT and MPWR 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.

Which is riskier, VRT or MPWR?

MPWR has higher volatility (19.38%) compared to VRT (16.60%). In terms of maximum drawdown, VRT dropped -71.24% vs MPWR's -72.27%.

Which has better risk-adjusted returns?

VRT currently has the higher Sharpe Ratio (2.79 vs 2.70), 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.