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Relative Intelligence · Semiconductors

How Analog Devices (ADI) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on ADI alone. It places ADI (Analog Devices, Inc.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where ADI stands in the market, and of the alternatives worth a closer look.

Period covered: ADI's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against ADI →Chart ADI vs. 22 alternatives →
On this page12 sections

Key findings

How much would $10,000 in ADI have grown?

This chart tracks a hypothetical $10,000 investment in ADI over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of ADI over the same span and ADI's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 145 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of ADI; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$100,000$1M199720022007201220172022$10,000$100,000$1M19972004201120182025
  • APH$3M+29,926% total · +21.7% a year
  • ROK$1M+12,857% total · +18.3% a year
  • AMAT$594,575+5,846% total · +15.1% a year
  • PH$505,227+4,952% total · +14.5% a year
  • LLY$396,376+3,864% total · +13.5% a year
  • ADI$385,909+3,759% total · +13.4% a year
  • TXN$277,580+2,676% total · +12.1% a year
  • SMTC$206,420+1,964% total · +11.0% a year
  • TER$161,859+1,519% total · +10.1% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
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From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 471 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of ADI; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$20,000$50,000$100,000202120222023202420252026$10,000$20,000$50,000$100,000202120222023202420252026
  • STX$128,799+1,188% total · +66.7% a year
  • MOG-A$52,115+421% total · +39.1% a year
  • APH$48,728+387% total · +37.3% a year
  • AMAT$41,406+314% total · +32.9% a year
  • AIT$38,549+285% total · +31.0% a year
  • TER$37,422+274% total · +30.2% a year
  • PH$36,392+264% total · +29.5% a year
  • MPWR$28,834+188% total · +23.6% a year
  • ADI$25,751+158% total · +20.8% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
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ADI at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$192B
Industry
Semiconductors
Price history from
October 1986

Returns

Past 1 year
+63.3%total return
Past 3 years
+150%+35.7% a year
Past 5 years
+144%+19.5% a year
Past 10 years
+652%+22.4% a year
Best calendar year
+197%1999
Worst calendar year
−46.2%2002
Losing years
10 of 29full calendar years

Risk

Volatility
34.1%typical yearly swing, 5 years
Sharpe ratio
0.69return per unit of risk, 5 years
Worst decline ever
−82.9%Sep 2000 to Dec 2008
From its all-time high
−10.6%below the peak

ADI against the whole market

Where ADI ranks among every stock and fund, and what across the market has done better.

How does ADI rank among all stocks?

This section ranks ADI on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how ADI stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureADIRankStanding
1-year return+63.3%388 of 3,287top 12%
3-year return+150%596 of 3,017top 20%
5-year return+144%474 of 2,893top 16%
10-year return+652%215 of 2,202top 10%
Volatility, 5 years34.1%1,077 of 2,893top 37%
Sharpe ratio, 5 years0.69472 of 2,893top 16%
Worst decline, past 10 years−33.6%53 of 2,187top 2%

What has beaten ADI on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). ADI sits where the dashed lines cross. Anything in the green box above and to the left earned more than ADI with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to ADI; faint dots are 80 more of the 94 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

15.0%20.0%25.0%30.0%35.0%40.0%45.0%50.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than ADITRGP: +41.8% a year, volatility 31.7%TRV: +22.4% a year, volatility 22.3%WAB: +25.6% a year, volatility 26.2%USFD: +22.7% a year, volatility 29.8%NHC: +32.0% a year, volatility 28.5%DTM: +24.5% a year, volatility 25.2%DAC: +20.6% a year, volatility 32.0%MPLX: +23.5% a year, volatility 18.8%FBIZ: +23.1% a year, volatility 29.4%XOM: +27.1% a year, volatility 26.5%ABBV: +26.1% a year, volatility 23.4%HSBC: +33.1% a year, volatility 25.9%GE: +36.0% a year, volatility 31.0%CAT: +31.1% a year, volatility 31.9%MUFG: +33.2% a year, volatility 29.4%PM: +21.0% a year, volatility 23.4%SHEL: +21.0% a year, volatility 24.8%MCK: +38.7% a year, volatility 25.0%WELL: +26.0% a year, volatility 23.8%GILD: +22.8% a year, volatility 24.9%MFG: +33.6% a year, volatility 30.6%UBS: +25.4% a year, volatility 30.4%SMFG: +33.7% a year, volatility 29.4%PGR: +21.3% a year, volatility 25.6%VRTX: +22.6% a year, volatility 29.1%BNY: +22.7% a year, volatility 24.4%WMB: +24.6% a year, volatility 24.0%TT: +22.7% a year, volatility 27.7%MAR: +22.0% a year, volatility 28.6%E: +23.0% a year, volatility 25.6%ING: +24.7% a year, volatility 31.1%IMO: +34.3% a year, volatility 32.0%COR: +24.2% a year, volatility 22.8%MFC: +22.6% a year, volatility 24.0%GWW: +26.3% a year, volatility 24.9%HLT: +21.0% a year, volatility 26.8%LNG: +23.4% a year, volatility 30.2%XLE: +22.6% a year, volatility 25.5%BAP: +30.8% a year, volatility 30.3%CBOE: +21.5% a year, volatility 25.1%IRM: +24.6% a year, volatility 30.3%SDCI: +20.6% a year, volatility 18.4%CASY: +29.9% a year, volatility 29.3%KOF: +22.3% a year, volatility 24.7%SHG: +21.0% a year, volatility 31.1%CW: +30.8% a year, volatility 28.7%IHG: +21.4% a year, volatility 26.6%PAA: +27.0% a year, volatility 25.6%RS: +24.8% a year, volatility 28.1%BCH: +25.2% a year, volatility 28.2%HUBB: +21.0% a year, volatility 30.0%UNM: +30.6% a year, volatility 29.3%WES: +23.5% a year, volatility 27.6%WF: +26.3% a year, volatility 31.6%WWD: +23.8% a year, volatility 32.3%CLH: +23.1% a year, volatility 28.6%RGLD: +20.6% a year, volatility 32.4%APG: +23.0% a year, volatility 31.9%ALSN: +27.3% a year, volatility 29.9%MUSA: +26.1% a year, volatility 31.2%FCFS: +20.6% a year, volatility 30.5%NEU: +21.0% a year, volatility 26.8%PAGP: +26.8% a year, volatility 26.1%AVT: +22.1% a year, volatility 30.7%FSS: +23.3% a year, volatility 31.7%ESE: +24.2% a year, volatility 31.1%QTUM: +22.8% a year, volatility 28.1%IFS: +20.8% a year, volatility 31.1%GVA: +23.8% a year, volatility 30.6%ARLP: +29.4% a year, volatility 31.6%IXC: +20.7% a year, volatility 23.2%BLX: +31.4% a year, volatility 25.9%ESQ: +31.7% a year, volatility 31.7%IGIC: +30.8% a year, volatility 30.9%DMLP: +21.1% a year, volatility 29.1%DBJP: +20.9% a year, volatility 19.2%SBR: +21.4% a year, volatility 31.6%ATMP: +21.2% a year, volatility 21.5%IEO: +21.5% a year, volatility 29.9%ARGT: +22.3% a year, volatility 32.1%ADI: +19.5% a year, volatility 34.1%SPY (S&P 500): +12.7% a year, volatility 17.1%APH: +33.8% a year, volatility 32.2%MOG-A: +36.6% a year, volatility 32.0%PH: +27.4% a year, volatility 28.8%AIT: +28.5% a year, volatility 30.3%STX: +57.4% a year, volatility 48.7%ASX: +48.8% a year, volatility 43.0%SMH: +33.4% a year, volatility 36.9%CAH: +42.1% a year, volatility 24.7%LLY: +40.7% a year, volatility 32.8%WMT: +20.8% a year, volatility 22.6%MPC: +51.2% a year, volatility 33.4%FLTW: +21.8% a year, volatility 24.3%AMGN: +19.6% a year, volatility 24.9%DXJ: +26.6% a year, volatility 19.1%USLM: +35.6% a year, volatility 36.1%ADISPY (S&P 500)APHMOG-APHAITSTXASXSMHCAHLLYWMTMPCFLTWAMGNDXJUSLM10.0%20.0%30.0%40.0%50.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than ADITRGP: +41.8% a year, volatility 31.7%TRV: +22.4% a year, volatility 22.3%WAB: +25.6% a year, volatility 26.2%USFD: +22.7% a year, volatility 29.8%NHC: +32.0% a year, volatility 28.5%DTM: +24.5% a year, volatility 25.2%DAC: +20.6% a year, volatility 32.0%MPLX: +23.5% a year, volatility 18.8%FBIZ: +23.1% a year, volatility 29.4%XOM: +27.1% a year, volatility 26.5%ABBV: +26.1% a year, volatility 23.4%HSBC: +33.1% a year, volatility 25.9%GE: +36.0% a year, volatility 31.0%CAT: +31.1% a year, volatility 31.9%MUFG: +33.2% a year, volatility 29.4%PM: +21.0% a year, volatility 23.4%SHEL: +21.0% a year, volatility 24.8%MCK: +38.7% a year, volatility 25.0%WELL: +26.0% a year, volatility 23.8%GILD: +22.8% a year, volatility 24.9%MFG: +33.6% a year, volatility 30.6%UBS: +25.4% a year, volatility 30.4%SMFG: +33.7% a year, volatility 29.4%PGR: +21.3% a year, volatility 25.6%VRTX: +22.6% a year, volatility 29.1%BNY: +22.7% a year, volatility 24.4%WMB: +24.6% a year, volatility 24.0%TT: +22.7% a year, volatility 27.7%MAR: +22.0% a year, volatility 28.6%E: +23.0% a year, volatility 25.6%ING: +24.7% a year, volatility 31.1%IMO: +34.3% a year, volatility 32.0%COR: +24.2% a year, volatility 22.8%MFC: +22.6% a year, volatility 24.0%GWW: +26.3% a year, volatility 24.9%HLT: +21.0% a year, volatility 26.8%LNG: +23.4% a year, volatility 30.2%XLE: +22.6% a year, volatility 25.5%BAP: +30.8% a year, volatility 30.3%CBOE: +21.5% a year, volatility 25.1%IRM: +24.6% a year, volatility 30.3%SDCI: +20.6% a year, volatility 18.4%CASY: +29.9% a year, volatility 29.3%KOF: +22.3% a year, volatility 24.7%SHG: +21.0% a year, volatility 31.1%CW: +30.8% a year, volatility 28.7%IHG: +21.4% a year, volatility 26.6%PAA: +27.0% a year, volatility 25.6%RS: +24.8% a year, volatility 28.1%BCH: +25.2% a year, volatility 28.2%HUBB: +21.0% a year, volatility 30.0%UNM: +30.6% a year, volatility 29.3%WES: +23.5% a year, volatility 27.6%WF: +26.3% a year, volatility 31.6%WWD: +23.8% a year, volatility 32.3%CLH: +23.1% a year, volatility 28.6%RGLD: +20.6% a year, volatility 32.4%APG: +23.0% a year, volatility 31.9%ALSN: +27.3% a year, volatility 29.9%MUSA: +26.1% a year, volatility 31.2%FCFS: +20.6% a year, volatility 30.5%NEU: +21.0% a year, volatility 26.8%PAGP: +26.8% a year, volatility 26.1%AVT: +22.1% a year, volatility 30.7%FSS: +23.3% a year, volatility 31.7%ESE: +24.2% a year, volatility 31.1%QTUM: +22.8% a year, volatility 28.1%IFS: +20.8% a year, volatility 31.1%GVA: +23.8% a year, volatility 30.6%ARLP: +29.4% a year, volatility 31.6%IXC: +20.7% a year, volatility 23.2%BLX: +31.4% a year, volatility 25.9%ESQ: +31.7% a year, volatility 31.7%IGIC: +30.8% a year, volatility 30.9%DMLP: +21.1% a year, volatility 29.1%DBJP: +20.9% a year, volatility 19.2%SBR: +21.4% a year, volatility 31.6%ATMP: +21.2% a year, volatility 21.5%IEO: +21.5% a year, volatility 29.9%ARGT: +22.3% a year, volatility 32.1%ADI: +19.5% a year, volatility 34.1%SPY (S&P 500): +12.7% a year, volatility 17.1%APH: +33.8% a year, volatility 32.2%MOG-A: +36.6% a year, volatility 32.0%PH: +27.4% a year, volatility 28.8%AIT: +28.5% a year, volatility 30.3%STX: +57.4% a year, volatility 48.7%ASX: +48.8% a year, volatility 43.0%SMH: +33.4% a year, volatility 36.9%CAH: +42.1% a year, volatility 24.7%LLY: +40.7% a year, volatility 32.8%WMT: +20.8% a year, volatility 22.6%MPC: +51.2% a year, volatility 33.4%FLTW: +21.8% a year, volatility 24.3%AMGN: +19.6% a year, volatility 24.9%DXJ: +26.6% a year, volatility 19.1%USLM: +35.6% a year, volatility 36.1%ADISPY (S&P 500)APHMOG-APHAITSTXASXSMHCAHLLYWMTMPCFLTWDXJ
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than ADI?

Investments that beat ADI over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat ADI over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks ADI's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than ADI follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than ADI's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× ADI's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than ADI's.

Screen the whole market against ADI for any period in BetterThanSPYOpen these 16 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with ADI?lower diversifies moreExpenseper year
ADIAnalog Devices, Inc. · this page
+19.5%34.1%0.69−33.6%+652%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.630.09%
Popular alternativesbest 1 shownThe investments people most often weigh against ADI. 1 of 22 passed at least one test.
APHAmphenol Corporation · Electronic Components
Higher return, lower volatility+33.8%32.2%1.07−37.5%+965%0.52—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Semiconductors and the categories next to it (Semiconductor Equipment, Computer Hardware, Communications Equipment, Software), plus ADI's specific themes. 11 of 147 passed at least one test.
MOG-AMoog Inc. · Aerospace & Defense · Industrial Automation theme
Higher return, lower volatilityHigher return in most periods+36.6%32.0%1.14−63.7%+595%0.39—
PHParker-Hannifin Corporation · Industrial Machinery · Industrial Automation theme
Higher return, lower volatility+27.4%28.8%0.99−54.7%+789%0.46—
AITApplied Industrial Technologies, Inc. · Industrial Distribution · Industrial Automation theme
Higher return, lower volatility+28.5%30.3%0.98−59.3%+742%0.26—
STXSeagate Technology Holdings plc · Computer Hardware
Higher return in most periods+57.4%48.7%1.18−57.0%+2,698%0.57—
ASXASE Technology Holding Co., Ltd. · Semiconductors
Higher return in most periods+48.8%43.0%1.15−52.5%+967%0.63—
SMHVanEck Semiconductor ETF · Semiconductors
Higher return, similar volatility+33.4%36.9%0.97−45.3%+1,665%0.690.35%
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 228 of 3,464 passed at least one test.
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher return in most periods+42.1%24.7%1.55−46.1%+349%0.04—
LLYEli Lilly and Company · Pharmaceuticals
Higher return, similar volatilityHigher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%0.08—
WMTWalmart Inc. · Discount Retail
Higher return, lower volatilityHigher Sharpe, smaller worst decline+20.8%22.6%0.96−25.7%+508%0.28—
MPCMarathon Petroleum Corporation · Oil & Gas
On the frontierHigher return, similar volatilityHigher return in most periods+51.2%33.4%1.41−79.7%+1,387%0.15—
FLTWFranklin FTSE Taiwan ETF · Technology
Higher return, lower volatilityHigher return in most periods+21.8%24.3%0.94−38.0%—0.670.19%
AMGNAmgen Inc. · Biotechnology
Similar return, lower volatilityHigher Sharpe, smaller worst decline+19.6%24.9%0.85−24.9%+266%0.28—
DXJWisdomTree Japan Hedged Equity Fund · International Equity
On the frontierHigher return, lower volatility+26.6%19.1%1.34−39.1%+428%0.380.48%
USLMUnited States Lime & Minerals, Inc. · Construction Materials
Higher return, similar volatilitySmaller losses in recent crashes+35.6%36.1%1.03−45.9%+803%0.03—
What these numbers mean for ADI
Annual return
ADI returned 19.5% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $24,400. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
ADI's volatility over the past 5 years was 34.1%, about twice the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, ADI's return lands within 34.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
ADI's Sharpe ratio over the past 5 years was 0.69, against 0.79 for the S&P 500, so ADI earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
ADI's worst fall from a peak to a low over the past 10 years was 33.6%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 33.6% fall takes a 50.6% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, ADI's monthly returns had a correlation of 0.63 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against ADI instead: the lower it is, the more that option would diversify a ADI holding. Guide: Correlation and diversification →
Show all 94 stocks and funds worth at least $500 million that earned more than ADI with less volatility

Out of 3,633 tested over 5 years. The strongest 88 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with ADIExpense
1
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.04—
2
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.28—
3
TRGPTarga Resources Corp. · Oil & Gas Midstream
Whole market+41.8%31.7%1.27−90.8%+829%0.30—
4
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.11—
5
WABWestinghouse Air Brake Technologies Corporation · Industrial Machinery
Whole market+25.6%26.2%1.00−64.1%+264%0.56—
6
USFDUS Foods Holding Corp. · Food Distribution
Whole market+22.7%29.8%0.84−77.3%+347%0.30—
7
NHCNational HealthCare Corporation · Medical - Care Facilities
Whole market+32.0%28.5%1.12−35.3%+394%0.35—
8
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%—0.670.19%
9
MOG-AMoog Inc. · Aerospace & Defense · Industrial Automation theme
Same or nearby category+36.6%32.0%1.14−63.7%+595%0.39—
10
DTMDT Midstream, Inc. · Oil & Gas Midstream
Whole market+24.5%25.2%1.00−23.6%—0.36—
11
DACDanaos Corporation · Marine Shipping
Whole market+20.6%32.0%0.75−94.6%+449%0.42—
12
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.24—
13
FBIZFirst Business Financial Services, Inc. · Banks - Regional
Whole market+23.1%29.4%0.85−50.2%+307%0.25—
14
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Whole market+27.1%26.5%1.04−61.0%+214%0.07—
15
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.14—
16
HSBCHSBC Holdings plc · Banks
Whole market+33.1%25.9%1.24−62.3%+319%0.41—
17
GEGE Aerospace · Aerospace & Defense
Whole market+36.0%31.0%1.15−80.9%+139%0.39—
18
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.380.48%
19
CATCaterpillar Inc. · Industrial Machinery
Whole market+31.1%31.9%1.01−43.4%+936%0.46—
20
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.2%29.4%1.13−54.9%+483%0.27—
21
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.34—
22
SHELShell plc · Integrated Oil & Gas
Whole market+21.0%24.8%0.90−67.2%+233%0.10—
23
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.00—
24
WELLWelltower Inc. · Healthcare REITs
Whole market+26.0%23.8%1.09−63.3%+379%0.43—
25
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.16—
26
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.6%30.6%1.10−45.7%+345%0.32—
27
UBSUBS Group AG · Banks
Whole market+25.4%30.4%0.90−59.8%+374%0.40—
28
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+474%0.40—
29
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.11—
30
VRTXVertex Pharmaceuticals Incorporated · Biotechnology
Whole market+22.6%29.1%0.85−41.6%+521%-0.05—
31
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+341%0.42—
32
WMBThe Williams Companies, Inc. · Oil & Gas Midstream
Whole market+24.6%24.0%1.04−68.1%+288%0.34—
33
TTTrane Technologies plc · Building Products
Whole market+22.7%27.7%0.88−40.5%+955%0.49—
34
MARMarriott International, Inc. · Hotels & Resorts
Whole market+22.0%28.6%0.84−61.3%+544%0.51—
35
EEni S.p.A. · Integrated Oil & Gas
Whole market+23.0%25.6%0.94−61.4%+278%0.21—
36
INGING Groep N.V. · Banks
Whole market+24.7%31.1%0.87−74.4%+339%0.41—
37
IMOImperial Oil Limited · Integrated Oil & Gas
Whole market+34.3%32.0%1.09−77.1%+430%0.23—
38
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.12—
39
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+373%0.44—
40
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.33—
41
HLTHilton Worldwide Holdings Inc. · Hotels & Resorts
Whole market+21.0%26.8%0.85−50.8%+694%0.50—
42
LNGCheniere Energy, Inc. · Oil & Gas
Whole market+23.4%30.2%0.85−57.5%+616%0.02—
43
XLEState Street Energy Select Sector SPDR ETF · Energy Equity
Whole market+22.6%25.5%0.93−66.8%+189%0.180.08%
44
BAPCredicorp Ltd. · Banks
Whole market+30.8%30.3%1.04−59.2%+298%0.29—
45
CBOECboe Global Markets, Inc. · Capital Markets
Whole market+21.5%25.1%0.91−43.2%+463%0.16—
46
IRMIron Mountain Incorporated · Specialty REITs
Whole market+24.6%30.3%0.88−39.0%+470%0.36—
47
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Bonds
Whole market+20.6%18.4%1.12−45.7%—0.030.80%
48
CASYCasey's General Stores, Inc. · Convenience Stores
Whole market+29.9%29.3%1.04−36.1%+537%0.20—
49
KOFCoca-Cola FEMSA, S.A.B. de C.V. · Food & Beverages
Whole market+22.3%24.7%0.94−55.1%+119%0.42—
50
SHGShinhan Financial Group Co., Ltd. · Banks
Whole market+21.0%31.1%0.77−64.1%+175%0.34—
51
CWCurtiss-Wright Corporation · Aerospace & Defense
Whole market+30.8%28.7%1.08−48.7%+512%0.34—
52
IHGInterContinental Hotels Group PLC · Hotels & Resorts
Whole market+21.4%26.6%0.86−59.3%+383%0.40—
53
PAAPlains All American Pipeline, L.P. · Oil & Gas Midstream
Whole market+27.0%25.6%1.06−87.9%+64.0%0.20—
54
RSReliance Steel & Aluminum Co. · Metals & Mining
Whole market+24.8%28.1%0.93−40.8%+626%0.44—
55
BCHBanco de Chile · Banks
Whole market+25.2%28.2%0.94−58.4%+180%0.18—
56
HUBBHubbell Incorporated · Electrical Equipment
Whole market+21.0%30.0%0.79−41.6%+442%0.34—
57
UNMUnum Group · Life Insurance
Whole market+30.6%29.3%1.06−81.0%+256%-0.06—
58
WESWestern Midstream Partners, LP · Oil & Gas Midstream
Whole market+23.5%27.6%0.91−91.9%+128%0.23—
59
WFWoori Financial Group Inc. · Banks
Whole market+26.3%31.6%0.90−67.2%+282%0.39—
60
WWDWoodward, Inc. · Aerospace & Defense
Whole market+23.8%32.3%0.82−60.6%+488%0.42—
61
CLHClean Harbors, Inc. · Environmental Services
Whole market+23.1%28.6%0.88−64.5%+588%0.36—
62
RGLDRoyal Gold, Inc. · Gold Mining
Whole market+20.6%32.4%0.74−49.5%+282%0.29—
63
APGAPi Group Corporation · Engineering & Construction
Whole market+23.0%31.9%0.81−49.6%—0.56—
64
PHParker-Hannifin Corporation · Industrial Machinery · Industrial Automation theme
Same or nearby category+27.4%28.8%0.99−54.7%+789%0.46—
65
ALSNAllison Transmission Holdings, Inc. · Auto Parts
Whole market+27.3%29.9%0.96−48.7%+367%0.36—
66
MUSAMurphy USA Inc. · Convenience Stores
Whole market+26.1%31.2%0.90−35.5%+706%0.04—
67
APHAmphenol Corporation · Electronic Components
Popular alternative+33.8%32.2%1.07−37.5%+965%0.52—
68
FCFSFirstCash Holdings, Inc · Consumer Finance
Whole market+20.6%30.5%0.77−50.2%+422%0.12—
69
NEUNewMarket Corporation · Specialty Chemicals
Whole market+21.0%26.8%0.85−40.7%+165%0.21—
70
PAGPPlains GP Holdings LP · Oil & Gas Midstream
Whole market+26.8%26.1%1.05−88.0%+56.3%0.18—
71
AVTAvnet, Inc. · Technology Distribution
Whole market+22.1%30.7%0.81−58.4%+173%0.69—
72
FSSFederal Signal Corporation · Industrial Machinery
Whole market+23.3%31.7%0.82−33.0%+882%0.36—
73
ESEESCO Technologies Inc. · Electronic Instruments
Whole market+24.2%31.1%0.85−46.0%+473%0.47—
74
QTUMDefiance Quantum ETF · Technology
Whole market+22.8%28.1%0.87−38.5%—0.610.40%
75
IFSIntercorp Financial Services Inc. · Regional Banks
Whole market+20.8%31.1%0.77−56.9%—0.22—
76
GVAGranite Construction Incorporated · Engineering & Construction
Whole market+23.8%30.6%0.85−84.7%+186%0.48—
77
AITApplied Industrial Technologies, Inc. · Industrial Distribution · Industrial Automation theme
Same or nearby category+28.5%30.3%0.98−59.3%+742%0.26—
78
ARLPAlliance Resource Partners, L.P. · Coal
Whole market+29.4%31.6%0.98−85.3%+173%-0.02—
79
IXCiShares Global Energy ETF · International
Whole market+20.7%23.2%0.93−64.2%+183%0.200.37%
80
BLXBladex, Inc. · Banks - Regional
Whole market+31.4%25.9%1.19−68.5%+290%0.41—
81
ESQEsquire Financial Holdings, Inc. · Banks - Regional
Whole market+31.7%31.7%1.03−56.5%—0.04—
82
IGICInternational General Insurance Holdings Ltd. · Insurance - Diversified
Whole market+30.8%30.9%1.03−50.6%—-0.01—
83
DMLPDorchester Minerals, L.P. · Oil & Gas Exploration & Production
Whole market+21.1%29.1%0.81−56.8%+435%0.30—
84
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Whole market+20.9%19.2%1.09−31.3%+348%0.420.45%
85
SBRSabine Royalty Trust · Oil & Gas Midstream
Whole market+21.4%31.6%0.78−50.7%+340%0.19—
86
ATMPBarclays ETN+ Select MLP ETN · Broad Market
Whole market+21.2%21.5%1.01−70.3%+172%0.300.95%
87
IEOiShares U.S. Oil & Gas Exploration & Production ETF · Broad Market
Whole market+21.5%29.9%0.80−75.0%+217%0.140.37%
88
ARGTGlobal X - MSCI Argentina ETF · International
Whole market+22.3%32.1%0.79−61.7%+301%0.180.59%

ADI against its popular alternatives

The investments people most often weigh against ADI, compared period by period and year by year.

How do ADI's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at ADI, which divides the map into what did better or worse on each measure.

Green points earned more than ADI with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%90.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityADI: 19.5% a year, volatility 34.1%SPY (S&P 500): 12.7% a year, volatility 17.1%APH: 33.8% a year, volatility 32.2%KEYS: 13.9% a year, volatility 34.5%SMTC: 11.9% a year, volatility 67.3%MXL: 7.3% a year, volatility 83.3%SITM: 17.5% a year, volatility 77.8%SYNA: −7.8% a year, volatility 54.7%SWKS: −10.8% a year, volatility 42.9%ON: 10.7% a year, volatility 55.9%STM: 2.2% a year, volatility 47.7%DIOD: −1.1% a year, volatility 50.0%SLAB: 8.1% a year, volatility 48.3%NXPI: 5.7% a year, volatility 42.3%MCHP: 2.5% a year, volatility 45.9%POWI: −12.9% a year, volatility 46.6%ALGM: 1.1% a year, volatility 53.4%TER: 24.0% a year, volatility 54.3%AMAT: 25.8% a year, volatility 47.4%MPWR: 20.9% a year, volatility 55.4%MTSI: 32.0% a year, volatility 47.3%NVT: 35.4% a year, volatility 38.0%TXN: 9.9% a year, volatility 33.7%ROK: 7.8% a year, volatility 32.3%ADISPY (S&P 500)APHKEYSSMTCMXLSITMSYNASWKSONSTMDIODSLABNXPIMCHPPOWIALGMTERAMATMPWRMTSINVTTXNROK0.0%20.0%40.0%60.0%80.0%100%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityADI: 19.5% a year, volatility 34.1%SPY (S&P 500): 12.7% a year, volatility 17.1%APH: 33.8% a year, volatility 32.2%KEYS: 13.9% a year, volatility 34.5%SMTC: 11.9% a year, volatility 67.3%MXL: 7.3% a year, volatility 83.3%SITM: 17.5% a year, volatility 77.8%SYNA: −7.8% a year, volatility 54.7%SWKS: −10.8% a year, volatility 42.9%ON: 10.7% a year, volatility 55.9%STM: 2.2% a year, volatility 47.7%DIOD: −1.1% a year, volatility 50.0%SLAB: 8.1% a year, volatility 48.3%NXPI: 5.7% a year, volatility 42.3%MCHP: 2.5% a year, volatility 45.9%POWI: −12.9% a year, volatility 46.6%ALGM: 1.1% a year, volatility 53.4%TER: 24.0% a year, volatility 54.3%AMAT: 25.8% a year, volatility 47.4%MPWR: 20.9% a year, volatility 55.4%MTSI: 32.0% a year, volatility 47.3%NVT: 35.4% a year, volatility 38.0%TXN: 9.9% a year, volatility 33.7%ROK: 7.8% a year, volatility 32.3%ADISPY (S&P 500)APHSMTCMXLSITMSYNASWKSONSTMDIODSLABNXPIMCHPPOWITERAMATMPWRMTSITXNROK
All figures
InvestmentAnnual returnVolatility
NVT nVent Electric plc+35.4%38.0%
APH Amphenol Corporation+33.8%32.2%
MTSI MACOM Technology Solutions Holdings, Inc.+32.0%47.3%
AMAT Applied Materials, Inc.+25.8%47.4%
TER Teradyne, Inc.+24.0%54.3%
MPWR Monolithic Power Systems, Inc.+20.9%55.4%
ADI This pageAnalog Devices, Inc.+19.5%34.1%
SITM SiTime Corporation+17.5%77.8%
KEYS Keysight Technologies, Inc.+13.9%34.5%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
SMTC Semtech Corporation+11.9%67.3%
ON ON Semiconductor Corporation+10.7%55.9%
TXN Texas Instruments Incorporated+9.9%33.7%
SLAB Silicon Laboratories Inc.+8.1%48.3%
ROK Rockwell Automation, Inc.+7.8%32.3%
MXL MaxLinear, Inc.+7.3%83.3%
NXPI NXP Semiconductors N.V.+5.7%42.3%
MCHP Microchip Technology Incorporated+2.5%45.9%
STM STMicroelectronics N.V.+2.2%47.7%
ALGM Allegro MicroSystems, Inc.+1.1%53.4%
DIOD Diodes Incorporated−1.1%50.0%
SYNA Synaptics Incorporated−7.8%54.7%
SWKS Skyworks Solutions, Inc.−10.8%42.9%
POWI Power Integrations, Inc.−12.9%46.6%
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Has ADI consistently beaten its popular alternatives?

This section compares ADI with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than ADI helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than ADI over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
ADI Analog Devices, Inc. (this page)—+3.7%+6.9%+4.8%+46.3%+63.3%+150%+144%+652%34.1%0.69−33.6%—$192B—
TER SemiconductorsTeradyne, Inc.2/5 short3/3 long−11.8%+0.9%−10.2%+62.4%+142%+271%+193%+1,565%54.3%0.67−59.1%—$53B—
AMAT SemiconductorsApplied Materials, Inc.2/5 short3/3 long−12.8%−22.9%+3.7%+51.2%+78.5%+209%+215%+1,488%47.4%0.72−55.1%—$321B—
MPWR SemiconductorsMonolithic Power Systems, Inc.0/5 short3/3 long−2.1%−5.9%−16.0%+34.0%+21.9%+204%+159%+1,659%55.4%0.62−51.6%—$61B—
APH Hardware, Equipment & PartsAmphenol Corporation0/5 short3/3 long−1.6%+5.5%+4.1%+14.3%+25.6%+311%+329%+965%32.2%1.07−37.5%—$196B—
KEYS Hardware, Equipment & PartsKeysight Technologies, Inc.2/5 short2/3 long−2.3%+6.4%−0.3%+61.8%+103%+172%+91.9%+923%34.5%0.55−42.6%—$57B—
MTSI SemiconductorsMACOM Technology Solutions Holdings, Inc.2/5 short2/3 long−5.8%−2.5%−6.5%+50.3%+87.4%+249%+302%+588%47.3%0.83−80.8%—$20B—
NVT Electrical Equipment & PartsnVent Electric plc0/5 short2/3 long−12.4%−9.6%+3.2%+31.4%+40.0%+203%+356%—38.0%0.99−56.2%—$23B—
SMTC SemiconductorsSemtech Corporation4/5 short1/3 long−23.2%+8.2%+28.6%+81.0%+98.7%+726%+75.3%+445%67.3%0.51−85.4%—$13B—
MXL SemiconductorsMaxLinear, Inc.3/5 short1/3 long−14.5%−2.0%+132%+297%+317%+266%+42.5%+277%83.3%0.49−88.1%—$6.7B—
SITM SemiconductorsSiTime Corporation1/5 short1/3 long−22.1%−10.5%−5.9%+34.4%+70.6%+364%+124%—77.8%0.60−78.1%—$15B—
SYNA SemiconductorsSynaptics Incorporated3/5 short0/3 long+23.2%+3.4%+41.4%+55.1%+61.9%+29.9%−33.2%+72.3%54.7%0.12−85.3%—$4.7B—
TXN SemiconductorsTexas Instruments Incorporated2/5 short0/3 long+2.6%−1.7%+20.1%+59.1%+58.7%+105%+60.5%+424%33.7%0.45−33.4%—$254B—
SWKS SemiconductorsSkyworks Solutions, Inc.2/5 short0/3 long−8.4%+36.0%+37.9%+28.9%+10.2%−2.8%−43.5%+29.2%42.9%-0.05−72.9%—$12B—
ON SemiconductorsON Semiconductor Corporation1/5 short0/3 long+5.4%−12.8%−11.6%+33.4%+37.8%−10.9%+66.0%+540%55.9%0.46−70.4%—$29B—
STM SemiconductorsSTMicroelectronics N.V.1/5 short0/3 long−11.2%−25.8%+3.3%+68.2%+52.9%+18.8%+11.6%+525%47.7%0.28−66.6%—$41B—
DIOD SemiconductorsDiodes Incorporated1/5 short0/3 long−5.9%−2.2%−11.7%+66.0%+49.4%+14.1%−5.6%+324%50.0%0.23−69.5%—$3.9B—
SLAB SemiconductorsSilicon Laboratories Inc.1/5 short0/3 long+0.1%+1.7%+3.3%+67.6%+60.8%+115%+47.7%+277%48.3%0.39−59.0%—$7.4B—
NXPI SemiconductorsNXP Semiconductors N.V.1/5 short0/3 long+2.2%−10.7%+8.2%+8.8%+10.0%+34.9%+31.9%+159%42.3%0.34−53.3%—$60B—
ROK Industrial - MachineryRockwell Automation, Inc.0/5 short0/3 long+0.7%−6.4%+4.1%+8.4%+22.9%+68.9%+45.6%+335%32.3%0.40−45.1%—$48B—
MCHP SemiconductorsMicrochip Technology Incorporated0/5 short0/3 long+1.4%−5.2%−4.6%+18.6%+16.0%+8.5%+13.0%+207%45.9%0.28−63.8%—$41B—
POWI SemiconductorsPower Integrations, Inc.0/5 short0/3 long−5.1%−33.7%−23.5%+27.4%+5.5%−30.5%−49.8%+66.8%46.6%-0.07−70.7%—$2.6B—
ALGM SemiconductorsAllegro MicroSystems, Inc.0/5 short0/3 long−4.5%−26.9%−16.6%+26.0%+11.2%+17.5%+5.5%—53.4%0.28−68.7%—$6.3B—
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How did ADI do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where ADI ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with ADI and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of ADI; gray means the two finished within a fraction of a point. The rank row places ADI among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of ADI20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
ADI This pageAnalog Devices, Inc.—+29.8%+8.8%+23.4%−4.9%+21.0%+26.9%+41.3%−1.6%+25.3%+35.0%+2.4%+12.2%+24.7%+21.2%−2.4%+22.7%+71.5%−38.0%−1.5%−6.7%−1.9%−18.7%+91.4%−46.2%−13.3%+10.1%+197%+13.3%+8.9%
Rank among alternativesTop quarter in 4 of 299 of 238 of 2312 of 232 of 2320 of 2316 of 2215 of 215 of 2012 of 208 of 2010 of 2012 of 1913 of 197 of 185 of 188 of 1611 of 165 of 1613 of 1613 of 1611 of 169 of 159 of 1511 of 148 of 143 of 126 of 129 of 129 of 11
SPY S&P 500State Street SPDR S&P 500 ETF15 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
TER Teradyne, Inc.17 of 29+54.4%+16.5%+24.8%−46.4%+36.8%+76.8%+119%−24.4%+65.8%+24.3%+5.8%+13.4%+4.3%+23.9%−2.9%+30.9%+154%−59.1%−30.9%+2.7%−14.7%−32.9%+95.6%−56.8%−19.1%−43.6%+211%+32.5%+31.3%
AMAT Applied Materials, Inc.15 of 29+59.6%+1.1%+68.0%−37.5%+83.6%+43.3%+89.9%−34.9%+59.8%+75.7%−23.5%+43.7%+58.6%+10.2%−21.9%+3.0%+40.4%−42.1%−2.6%+3.8%+5.4%−23.8%+72.3%−35.0%+5.0%−39.7%+197%+41.7%+67.9%
MPWR Monolithic Power Systems, Inc.14 of 21+54.4%−5.5%+79.8%−27.8%+35.5%+107%+54.8%+4.5%+38.2%+30.1%+30.0%+44.9%+55.6%+54.9%−8.8%−31.1%+90.1%−41.3%+93.3%−25.9%+61.2%————————
APH Amphenol Corporation17 of 29+97.6%+41.6%+31.5%−11.9%+35.0%+22.1%+34.9%−6.9%+32.1%+31.0%−1.0%+21.7%+38.7%+43.6%−13.6%+13.9%+92.9%−48.2%+50.3%+40.5%+21.1%+15.0%+68.1%−20.7%+22.9%+17.3%+120%−45.8%+150%
KEYS Keysight Technologies, Inc.4 of 11+26.5%+1.0%−7.0%−17.2%+56.3%+28.7%+65.3%+49.2%+13.8%+29.1%−16.1%——————————————————
MTSI MACOM Technology Solutions Holdings, Inc.8 of 13+31.8%+39.8%+47.6%−19.6%+42.3%+107%+83.3%−55.4%−29.7%+13.2%+30.7%+84.1%+13.5%————————————————
NVT nVent Electric plc5 of 7+51.2%+16.6%+56.0%+3.3%+67.2%−5.7%+17.2%——————————————————————
SMTC Semtech Corporation14 of 29+19.1%+182%−23.6%−67.7%+23.4%+36.3%+15.3%+34.1%+8.4%+66.8%−31.4%+9.1%−12.7%+16.6%+9.6%+33.1%+50.9%−27.4%+18.8%−28.4%−16.4%−4.0%+108%−69.3%+61.8%−15.3%+191%+83.4%+129%
MXL MaxLinear, Inc.5 of 15−11.9%−16.8%−30.0%−55.0%+97.4%+80.0%+20.6%−33.4%+21.2%+48.0%+98.8%−29.0%+108%+5.7%−55.9%——————————————
SITM SiTime Corporation4 of 6+64.6%+75.7%+20.1%−65.3%+161%+339%———————————————————————
SYNA Synaptics Incorporated12 of 23−3.0%−33.1%+19.9%−67.1%+200%+46.6%+76.8%−6.8%−25.5%−33.3%+16.7%+32.9%+72.9%−0.6%+2.6%−4.1%+85.1%−39.6%+38.6%+20.1%−19.2%+104%+97.0%——————
TXN Texas Instruments Incorporated14 of 29−4.5%+13.1%+6.4%−9.9%+17.5%+31.7%+39.6%−7.2%+46.8%+36.7%+5.1%+25.1%+46.3%+7.9%−8.8%+27.0%+72.0%−52.8%+17.0%−9.8%+30.7%−15.9%+96.6%−46.2%−40.8%−1.8%+126%+90.7%+42.3%
SWKS Skyworks Solutions, Inc.17 of 29−25.5%−18.9%+26.5%−40.0%+2.7%+28.4%+84.1%−28.3%+28.7%−1.2%+6.7%+156%+40.6%+25.2%−43.4%+102%+156%−34.8%+20.2%+38.9%−45.9%+8.4%+0.9%−60.5%−41.1%+29.1%+139%+123%+104%
ON ON Semiconductor Corporation12 of 25−14.1%−24.5%+33.9%−8.2%+108%+34.3%+47.7%−21.1%+64.1%+30.2%−3.3%+22.9%+16.9%−8.7%−21.9%+12.0%+159%−61.7%+17.3%+36.9%+21.8%−29.9%+373%−33.8%−60.6%————
STM STMicroelectronics N.V.11 of 29+5.3%−49.6%+41.6%−26.8%+32.4%+38.9%+96.4%−35.7%+95.1%+76.9%−6.7%−2.5%+15.2%+30.1%−40.6%+15.9%+43.9%−52.3%−21.1%+2.9%−6.1%−28.1%+39.0%−38.3%−26.0%−15.2%+288%+27.8%−12.7%
DIOD Diodes Incorporated15 of 29−20.0%−23.4%+5.8%−30.7%+55.8%+25.1%+74.7%+12.5%+11.7%+11.7%−16.7%+17.0%+35.8%−18.5%−21.1%+32.2%+237%−79.8%+27.2%+14.2%+106%+19.2%+196%+44.7%−35.8%−27.8%+330%−48.8%+35.0%
SLAB Silicon Laboratories Inc.11 of 25+5.2%−6.1%−2.5%−34.3%+62.1%+9.8%+47.2%−10.8%+35.9%+33.9%+1.9%+10.0%+3.6%−3.7%−5.7%−4.9%+95.2%−33.8%+8.0%−5.5%+3.8%−18.4%+127%−43.4%+134%————
NXPI NXP Semiconductors N.V.7 of 15+6.4%−8.0%+48.4%−29.2%+44.8%+26.6%+75.7%−37.0%+19.5%+16.3%+10.3%+66.3%+74.5%+71.2%−26.6%——————————————
ROK Rockwell Automation, Inc.13 of 29+38.4%−6.2%+22.6%−24.8%+41.2%+26.2%+37.9%−21.8%+48.9%+34.5%−5.5%−3.9%+43.8%+17.2%+4.5%+56.1%+50.9%−51.9%+14.9%+4.7%+21.3%+41.8%+76.5%+20.0%−11.3%+5.5%+168%−1.9%+37.1%
MCHP Microchip Technology Incorporated17 of 29+14.6%−34.9%+30.9%−18.0%+27.5%+33.7%+48.1%−16.7%+39.5%+41.6%+6.3%+4.0%+42.4%−7.1%+10.3%+24.6%+57.8%−34.8%−0.7%+4.4%+22.6%−19.9%+36.8%−5.1%+76.5%−27.9%+85.0%+23.6%−11.6%
POWI Power Integrations, Inc.13 of 28−41.3%−24.0%+15.6%−22.1%+14.1%+66.7%+63.7%−16.3%+9.3%+40.8%−5.1%−6.6%+67.2%+1.9%−17.0%+11.1%+83.7%−42.1%+46.6%−1.5%+20.4%−40.9%+96.8%−25.6%+98.6%−76.0%+283%+171%—
ALGM Allegro MicroSystems, Inc.1 of 5+20.7%−27.8%+0.8%−17.0%+35.7%————————————————————————
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Risk and diversification

How ADI has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were ADI's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents ADI's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means ADI fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringADI fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Dot-com bust−82.9%−38.1%Sep 2000Dec 20088.3 yearsNov 20167.9 years
No named crash−76.1%—Aug 1987Nov 19903.3 yearsAug 19932.8 years
No named crash−66.0%−12.9%May 1998Sep 19984 monthsMay 19998 months
Dot-com bust−41.4%−1.4%Jun 2000Aug 20002 monthsAug 2000Under a month
No named crash−40.1%−5.1%May 1996Jul 19962 monthsNov 19964 months

How did ADI do in stock market crashes?

This section measures how far ADI, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than ADI.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
ADI This pageAnalog Devices, Inc.—−2.6%−22.6%−33.6%−18.1%−7.2%−22.7%−18.6%−1.2%−55.0%−82.0%
SPY S&P 500State Street SPDR S&P 500 ETF4 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
TER Teradyne, Inc.2 of 10−1.9%−56.6%−34.8%−24.6%−10.7%−18.3%−28.2%−2.5%−79.2%−93.4%
AMAT Applied Materials, Inc.1 of 10−3.6%−54.2%−43.6%−26.4%−9.7%−18.8%−24.5%−1.6%−61.7%−82.0%
MPWR Monolithic Power Systems, Inc.2 of 9−5.1%−39.7%−27.9%−21.4%−9.8%−18.1%−32.0%−5.4%−72.3%—
APH Amphenol Corporation2 of 10−3.8%−27.8%−33.8%−20.4%−7.5%−19.0%−21.9%−1.7%−63.6%−60.7%
KEYS Keysight Technologies, Inc.1 of 6−2.6%−33.8%−17.7%−18.0%−6.7%−37.2%————
MTSI MACOM Technology Solutions Holdings, Inc.0 of 6−4.8%−43.9%−48.1%−37.0%−41.5%−22.4%————
NVT nVent Electric plc1 of 4−8.0%−20.9%−56.2%−30.5%——————
SMTC Semtech Corporation0 of 10−5.5%−70.8%−44.9%−27.8%−9.3%−22.7%−24.5%−0.8%−55.8%−84.7%
MXL MaxLinear, Inc.1 of 8−7.2%−58.4%−56.6%−23.8%−4.0%−23.7%−33.7%−2.8%——
SITM SiTime Corporation0 of 3−6.1%−71.0%−46.1%———————
SYNA Synaptics Incorporated2 of 9−6.7%−68.3%−40.4%−28.7%−5.1%−34.1%−13.9%−1.1%−64.4%—
TXN Texas Instruments Incorporated3 of 10−2.6%−21.7%−29.8%−19.5%−9.3%−18.4%−21.6%−1.3%−61.4%−85.4%
SWKS Skyworks Solutions, Inc.1 of 10−3.0%−50.0%−43.0%−32.3%−5.3%−38.6%−37.2%−3.4%−66.0%−95.7%
ON ON Semiconductor Corporation1 of 9−6.4%−34.0%−59.6%−23.7%−12.2%−39.2%−28.5%0.0%−80.0%—
STM STMicroelectronics N.V.0 of 10−3.2%−40.6%−49.6%−31.0%−9.1%−31.6%−36.9%−3.2%−77.2%−83.5%
DIOD Diodes Incorporated2 of 10−4.0%−45.5%−33.1%−18.6%−5.0%−29.6%−34.3%−3.4%−90.1%−86.5%
SLAB Silicon Laboratories Inc.0 of 9−3.4%−42.9%−34.8%−22.7%−10.1%−32.0%−25.2%−1.9%−60.6%—
NXPI NXP Semiconductors N.V.1 of 7−4.2%−38.8%−52.0%−27.4%−4.0%−35.5%−39.8%———
ROK Rockwell Automation, Inc.1 of 10−5.4%−43.8%−42.4%−27.5%−7.9%−23.6%−37.5%−1.4%−74.7%−42.0%
MCHP Microchip Technology Incorporated4 of 10−3.8%−35.3%−49.0%−25.9%−14.4%−18.6%−12.7%−0.4%−55.2%−58.7%
POWI Power Integrations, Inc.3 of 10−3.3%−35.7%−21.7%−26.1%−7.5%−20.9%−24.3%0.0%−57.5%−84.3%
ALGM Allegro MicroSystems, Inc.0 of 2−5.9%−44.4%————————
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How closely does ADI move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares ADI with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than ADI's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
ADI This pageAnalog Devices, Inc.117%92%1.261.20
KEYS Keysight Technologies, Inc.121%71%1.701.08
APH Amphenol Corporation125%79%1.591.24
AMAT Applied Materials, Inc.152%97%1.581.51
MPWR Monolithic Power Systems, Inc.156%107%1.461.31
TER Teradyne, Inc.167%121%1.371.53
STM STMicroelectronics N.V.122%104%1.171.72
TXN Texas Instruments Incorporated113%108%1.041.18
MTSI MACOM Technology Solutions Holdings, Inc.148%157%0.941.93
DIOD Diodes Incorporated128%146%0.881.53
ROK Rockwell Automation, Inc.122%138%0.881.46
ON ON Semiconductor Corporation161%185%0.871.95
SLAB Silicon Laboratories Inc.113%130%0.871.18
MXL MaxLinear, Inc.140%169%0.832.95
SMTC Semtech Corporation193%240%0.811.99
MCHP Microchip Technology Incorporated127%170%0.751.72
NXPI NXP Semiconductors N.V.115%157%0.731.63
POWI Power Integrations, Inc.89%133%0.671.28
SYNA Synaptics Incorporated117%188%0.621.64
SWKS Skyworks Solutions, Inc.88%149%0.591.31
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What diversifies ADI?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with ADI's. Because such investments tend not to fall at the same time, pairing ADI with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which ADI lost money. The last two columns show a portfolio that is 80% ADI and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe202220182011200820072006200520042002200180/20 mix volatility80/20 mix annual return
ADI Analog Devices, Inc. (this page)1.00+144%0.69−4.9%−1.6%−2.4%−38.0%−1.5%−6.7%−1.9%−18.7%−46.2%−13.3%30.5%+20.8%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.38+225%1.34+6.0%−19.8%−16.1%−20.8%−7.4%—————25.5%+22.7%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.41+101%1.04+10.4%−8.7%————————25.8%+20.4%
HDV Dividend & IncomeiShares Core High Dividend ETF0.44+83.3%1.00+7.1%−3.0%————————25.8%+19.7%
GLD CommoditiesSPDR Gold Shares0.16+126%0.96−0.8%−1.9%+9.6%+4.9%+30.4%+22.6%+17.8%———25.2%+21.3%
XLE EnergyState Street Energy Select Sector SPDR ETF0.18+177%0.93+64.4%−18.2%+2.8%−39.0%+36.8%+18.0%+40.1%+33.8%−14.8%−18.2%25.9%+22.4%
EUFN InternationaliShares MSCI Europe Financials ETF0.47+133%0.89−8.8%−23.1%−26.6%———————26.6%+21.5%
AMLP EnergyAlerian MLP ETF0.21+111%0.89+25.5%−12.6%+10.2%———————25.5%+21.2%
PTLC Broad MarketPacer Trendpilot US Large Cap ETF0.42+57.4%0.83−8.6%+1.5%————————25.4%+19.3%

Stocks

InvestmentCorrelation5Y returnSharpe202220182011200820072006200520042002200180/20 mix volatility80/20 mix annual return
ADI Analog Devices, Inc. (this page)1.00+144%0.69−4.9%−1.6%−2.4%−38.0%−1.5%−6.7%−1.9%−18.7%−46.2%−13.3%30.5%+20.8%
CAH Medical - DistributionCardinal Health, Inc.0.04+479%1.55+54.1%−24.5%+8.1%−39.6%−9.8%−5.8%+18.7%−4.7%−8.3%−2.5%25.2%+25.5%
CLS Hardware, Equipment & PartsCelestica Inc.0.29+3,143%1.47+1.3%−16.3%−24.4%−20.5%−25.7%−26.0%−25.2%−6.4%−65.1%−25.6%29.9%+38.3%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.38+1,636%1.46+17.0%+0.8%−17.0%−15.2%+2.1%+38.9%+20.1%+40.0%−9.4%+73.7%29.0%+34.0%
MCK Medical - DistributionMcKesson Corporation0.00+413%1.44+51.8%−28.4%+11.8%−40.4%+29.7%−1.2%+64.9%−1.4%−27.2%+4.9%24.9%+24.9%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.15+690%1.41+86.6%−8.2%————————26.2%+27.5%
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Common questions

What was ADI's worst drawdown?

ADI's deepest decline since it began trading in 1986 was 82.9%, from September 2000 to December 2008. It took about eight years from the low to climb back to its old high.

What were ADI's best and worst years?

Over 29 full calendar years, ADI's best year was 1999, when it returned 197%. Its worst was 2002, with a return of -46.2%.

Is there a better investment than ADI?

Among ADI's popular alternatives, APH earned more than ADI with less volatility over the past 5 years: 33.8% a year at 32.2% volatility, against 19.5% a year at 34.1%. Looking beyond its popular alternatives, MOG-A (industrial automation theme) and PH (industrial automation theme) earned more than ADI with less volatility over the past 5 years. MOG-A returned 36.6% a year at 32.0% volatility, against 19.5% a year at 34.1%.

Is ADI more volatile than the S&P 500?

Yes. ADI's volatility over the past 5 years was 34.1%, about twice the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, ADI's return lands within 34.1% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is ADI's Sharpe ratio?

ADI's Sharpe ratio over the past 5 years was 0.69, against 0.79 for the S&P 500, so ADI earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is ADI with the S&P 500?

Over the past 5 years, ADI's monthly returns had a correlation of 0.63 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against ADI instead: the lower it is, the more that option would diversify a ADI holding.

What are the best alternatives to ADI?

None of the 22 popular alternatives we compared outperformed ADI in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about ADI's strength than about its alternatives.

Did ADI outperform the S&P 500?

ADI finished ahead of the S&P 500 (SPY) in 14 of 29 full calendar years. In 2025, it returned +29.8%, against +17.7% for the index.

How did ADI do in stock market crashes?

ADI fell less than the S&P 500 (SPY) in three of the ten major crashes it has traded through, and further in four. The clearest case was the dot-com bust, when ADI fell 82.0% and the S&P 500 fell 47.5%.

What diversifies ADI?

These had a low correlation with ADI over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.38), EMLP (correlation 0.41) and HDV (correlation 0.44); among large stocks, CAH (correlation 0.04), CLS (correlation 0.29) and FIX (correlation 0.38). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to ADI

Other stocks and ETFs