ZTS vs. MCHP
ZTS (Zoetis Inc.) and MCHP (Microchip Technology Incorporated) are both stocks. ZTS operates in Drug Manufacturers - Specialty & Generic (Healthcare), while MCHP operates in Semiconductors (Technology). Over the past 10 years, ZTS returned 6.09%/yr vs 15.50%/yr for MCHP. At a 0.36 correlation, their price movements are largely independent.
Performance
ZTS vs. MCHP - Performance Comparison
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Returns By Period
In the year-to-date period, ZTS achieves a -36.81% return, which is significantly lower than MCHP's 44.96% return. Over the past 10 years, ZTS has underperformed MCHP with an annualized return of 6.09%, while MCHP has yielded a comparatively higher 15.50% annualized return.
ZTS
- 1D
- -0.78%
- 1M
- -4.84%
- YTD
- -36.81%
- 6M
- -32.72%
- 1Y
- -52.96%
- 3Y*
- -20.57%
- 5Y*
- -14.04%
- 10Y*
- 6.09%
MCHP
- 1D
- 3.43%
- 1M
- -7.33%
- YTD
- 44.96%
- 6M
- 37.15%
- 1Y
- 43.83%
- 3Y*
- 7.14%
- 5Y*
- 6.01%
- 10Y*
- 15.50%
ZTS vs. MCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZTS Zoetis Inc. | -36.81% | -21.75% | -16.63% | 35.91% | -39.51% | 48.26% | 25.76% | 55.71% | 19.45% | 35.55% |
MCHP Microchip Technology Incorporated | 44.96% | 14.61% | -34.96% | 30.90% | -17.98% | 27.49% | 33.73% | 48.02% | -16.71% | 39.46% |
Correlation
The correlation between ZTS and MCHP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2013 | 0.36 |
The correlation between ZTS and MCHP shifts across timeframes, from 0.23 (1 year) to 0.37 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ZTS:
$6.04
MCHP:
$0.43
ZTS:
13.04
MCHP:
212.69
ZTS:
1.46
MCHP:
3.21
ZTS:
3.63
MCHP:
7.87
ZTS:
$9.51B
MCHP:
$4.71B
ZTS:
$6.73B
MCHP:
$2.72B
ZTS:
$3.95B
MCHP:
$1.02B
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Return for Risk
ZTS vs. MCHP — Risk / Return Rank
ZTS
MCHP
ZTS vs. MCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zoetis Inc. (ZTS) and Microchip Technology Incorporated (MCHP). 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.
| ZTS | MCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.87 | ||
| Omega ratioGain probability vs. loss probability | 0.65 | 1.20 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 1.28 | -2.24 |
| Martin ratioReturn relative to average drawdown | -2.06 | 3.40 | -5.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZTS | MCHP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.49 | 1.01 | -2.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.49 | 0.14 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.37 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.43 | -0.12 |
Drawdowns
ZTS vs. MCHP - Drawdown Comparison
The maximum ZTS drawdown since its inception was -68.48%, which is greater than MCHP's maximum drawdown of -63.77%. Use the drawdown chart below to compare losses from any high point for ZTS and MCHP.
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Drawdown Indicators
| ZTS | MCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.48% | -63.77% | -4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -55.35% | -34.41% | -20.94% |
Max Drawdown (3Y)Largest decline over 3 years | -61.77% | -63.77% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -68.48% | -63.77% | -4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -68.48% | -63.77% | -4.71% |
Current DrawdownCurrent decline from peak | -66.52% | -10.78% | -55.74% |
Average DrawdownAverage peak-to-trough decline | -14.79% | -16.71% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.22% | 12.93% | +13.29% |
Volatility
ZTS vs. MCHP - Volatility Comparison
The current volatility for Zoetis Inc. (ZTS) is 12.29%, while Microchip Technology Incorporated (MCHP) has a volatility of 14.52%. This indicates that ZTS experiences smaller price fluctuations and is considered to be less risky than MCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZTS | MCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.29% | 14.52% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 31.20% | 31.67% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.61% | 43.78% | -8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.74% | 44.07% | -15.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.08% | 41.86% | -14.78% |
Dividends
ZTS vs. MCHP - Dividend Comparison
ZTS's dividend yield for the trailing twelve months is around 2.61%, more than MCHP's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHP Microchip Technology Incorporated | 1.99% | 2.86% | 3.16% | 1.76% | 1.65% | 0.98% | 1.07% | 1.40% | 2.02% | 1.65% | 2.24% | 3.07% |
ZTS Zoetis Inc. | 2.61% | 1.59% | 1.06% | 0.76% | 0.89% | 0.41% | 0.48% | 0.50% | 0.59% | 0.58% | 0.71% | 0.69% |
Financials
ZTS vs. MCHP - Financials Comparison
This section allows you to compare key financial metrics between Zoetis Inc. and Microchip Technology Incorporated. 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
ZTS vs. MCHP - Profitability Comparison
ZTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zoetis Inc. reported a gross profit of 1.62B and revenue of 2.26B. Therefore, the gross margin over that period was 71.7%.
MCHP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported a gross profit of 967.30M and revenue of 1.31B. Therefore, the gross margin over that period was 73.8%.
ZTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zoetis Inc. reported an operating income of 853.00M and revenue of 2.26B, resulting in an operating margin of 37.7%.
MCHP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported an operating income of 211.10M and revenue of 1.31B, resulting in an operating margin of 16.1%.
ZTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zoetis Inc. reported a net income of 601.00M and revenue of 2.26B, resulting in a net margin of 26.6%.
MCHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported a net income of 116.40M and revenue of 1.31B, resulting in a net margin of 8.9%.
Frequently Asked Questions
ZTS and MCHP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCHP has higher volatility (14.52%) compared to ZTS (12.29%). In terms of maximum drawdown, ZTS dropped -68.48% vs MCHP's -63.77%.
MCHP currently has the higher Sharpe Ratio (1.01 vs -1.49), 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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