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Relative Intelligence · Electronic Components

How Amphenol (APH) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on APH alone. It places APH (Amphenol Corporation) against 19 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 APH stands in the market, and of the alternatives worth a closer look.

Period covered: APH's full trading record, from November 1991 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 APH →Chart APH vs. 19 alternatives →
On this page12 sections

Key findings

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

This chart tracks a hypothetical $10,000 investment in APH over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of APH over the same span and APH'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. 6 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of APH; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$100,000$1M$10M199720022007201220172022$10,000$100,000$1M$10M19972004201120182025
  • MNST$46M+456,538% total · +33.7% a year
  • AAPL$21M+205,249% total · +30.1% a year
  • AMZN$11M+114,749% total · +27.5% a year
  • TPL$4M+44,797% total · +23.4% a year
  • CLH$3M+31,922% total · +22.0% a year
  • APH$3M+29,926% total · +21.7% a year
  • JBL$226,060+2,161% total · +11.4% a year
  • GLW$155,950+1,460% total · +9.9% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • VICR$112,208+1,022% total · +8.7% 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. 132 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of APH; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$20,000$50,000$100,000$200,000202120222023202420252026$10,000$20,000$50,000$100,000$200,000202120222023202420252026
  • BELFB$203,703+1,937% total · +82.7% a year
  • NVDA$110,811+1,008% total · +61.8% a year
  • TTMI$97,724+877% total · +57.8% a year
  • ANET$94,783+848% total · +56.8% a year
  • MPC$71,516+615% total · +48.2% a year
  • ASX$70,798+608% total · +47.9% a year
  • LLY$52,411+424% total · +39.3% a year
  • JBL$49,890+399% total · +37.9% a year
  • APH$48,728+387% total · +37.3% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
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APH 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
$196B
Industry
Hardware, Equipment & Parts
Price history from
November 1991

Returns

Past 1 year
+25.6%total return
Past 3 years
+311%+60.2% a year
Past 5 years
+329%+33.8% a year
Past 10 years
+965%+26.7% a year
Best calendar year
+150%1997
Worst calendar year
−48.2%2008
Losing years
7 of 29full calendar years

Risk

Volatility
32.2%typical yearly swing, 5 years
Sharpe ratio
1.07return per unit of risk, 5 years
Worst decline ever
−63.6%Aug 2008 to Nov 2008
From its all-time high
−10.5%below the peak

APH against the whole market

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

How does APH rank among all stocks?

This section ranks APH 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 APH 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.

MeasureAPHRankStanding
1-year return+25.6%1,089 of 3,287top 33%
3-year return+311%207 of 3,017top 7%
5-year return+329%139 of 2,893top 5%
10-year return+965%114 of 2,202top 5%
Volatility, 5 years32.2%932 of 2,893top 32%
Sharpe ratio, 5 years1.0763 of 2,893top 2%
Worst decline, past 10 years−37.5%95 of 2,187top 4%

What has beaten APH 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). APH sits where the dashed lines cross. Anything in the green box above and to the left earned more than APH 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 APH. 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%55.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than APHAPH: +33.8% a year, volatility 32.2%SPY (S&P 500): +12.7% a year, volatility 17.1%ANET: +49.0% a year, volatility 49.0%TSM: +31.5% a year, volatility 38.5%ASX: +48.8% a year, volatility 43.0%MPC: +51.2% a year, volatility 33.4%LLY: +40.7% a year, volatility 32.8%CAH: +42.1% a year, volatility 24.7%MCK: +38.7% a year, volatility 25.0%ATI: +61.8% a year, volatility 42.9%VLO: +44.2% a year, volatility 36.9%APHSPY (S&P 500)ANETTSMASXMPCLLYCAHMCKATIVLO10.0%20.0%30.0%40.0%50.0%60.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than APHAPH: +33.8% a year, volatility 32.2%SPY (S&P 500): +12.7% a year, volatility 17.1%ANET: +49.0% a year, volatility 49.0%TSM: +31.5% a year, volatility 38.5%ASX: +48.8% a year, volatility 43.0%MPC: +51.2% a year, volatility 33.4%LLY: +40.7% a year, volatility 32.8%CAH: +42.1% a year, volatility 24.7%MCK: +38.7% a year, volatility 25.0%ATI: +61.8% a year, volatility 42.9%VLO: +44.2% a year, volatility 36.9%APHSPY (S&P 500)ANETTSMASXMPCLLYCAHMCKATIVLO
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • 1 with more than 1.6× APH's volatility is in the table only

Is there a better investment than APH?

Investments that beat APH 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 APH 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 APH'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 APH 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 APH'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× APH's volatility counts as better.

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

Screen the whole market against APH for any period in BetterThanSPYOpen these 11 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 APH?lower diversifies moreExpenseper year
APHAmphenol Corporation · this page
+33.8%32.2%1.07−37.5%+965%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.700.09%
Popular alternativesbest 2 shownThe investments people most often weigh against APH. 2 of 19 passed at least one test.
NVDANVIDIA Corporation · Semiconductors
Higher return in most periods+58.0%51.9%1.14−66.3%+13,019%0.48—
ANETArista Networks, Inc. · Communications Equipment
Higher return in most periods+49.0%49.0%1.06−52.2%+3,439%0.52—
Same and neighboring categories, and shared themesbest 2 shownEverything else in Electronic Components and the categories next to it (Electronics Manufacturing, Semiconductors, Communications Equipment), plus APH's specific themes. 2 of 59 passed at least one test.
TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors
Higher return in most periods+31.5%38.5%0.91−56.6%+1,505%0.60—
ASXASE Technology Holding Co., Ltd. · Semiconductors
Higher return in most periods+48.8%43.0%1.15−52.5%+967%0.61—
The whole marketbest 6 shownEvery other stock and fund worth at least $500 million. 21 of 3,555 passed at least one test.
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%0.10—
LLYEli Lilly and Company · Pharmaceuticals
Higher return, similar volatilityHigher return in most periods+40.7%32.8%1.21−34.5%+1,807%0.18—
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatility+42.1%24.7%1.55−46.1%+349%0.40—
MCKMcKesson Corporation · Health Care Distribution
Higher return, lower volatility+38.7%25.0%1.44−38.1%+586%0.20—
ATIATI Inc. · Metals & Mining
On the frontierHigher return in most periods+61.8%42.9%1.34−82.4%+929%0.33—
VLOValero Energy Corporation · Oil & Gas
Higher return in most periods+44.2%36.9%1.18−71.9%+1,061%0.13—
What these numbers mean for APH
Annual return
APH returned 33.8% 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 $42,900. 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
APH's volatility over the past 5 years was 32.2%, 1.9 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, APH's return lands within 32.2% 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
APH's Sharpe ratio over the past 5 years was 1.07, against 0.79 for the S&P 500, so APH earned more 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
APH's worst fall from a peak to a low over the past 10 years was 37.5%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 37.5% fall takes a 60.0% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, APH's monthly returns had a correlation of 0.70 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 APH instead: the lower it is, the more that option would diversify a APH holding. Guide: Correlation and diversification →
Show all 2 stocks and funds worth at least $500 million that earned more than APH with less volatility

Out of 3,633 tested over 5 years. Best first; funds that hold the same thing are listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with APHExpense
1
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.40—
2
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.20—

APH against its popular alternatives

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

How do APH'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 APH, which divides the map into what did better or worse on each measure.

Green points earned more than APH 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%−20.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityAPH: 33.8% a year, volatility 32.2%SPY (S&P 500): 12.7% a year, volatility 17.1%VICR: 6.4% a year, volatility 77.2%GLW: 31.4% a year, volatility 42.1%ADI: 19.5% a year, volatility 34.1%ROG: −6.5% a year, volatility 41.6%MTRN: 27.9% a year, volatility 46.1%VSH: 10.3% a year, volatility 47.2%PLXS: 20.3% a year, volatility 33.9%CTS: 11.7% a year, volatility 33.9%LFUS: 6.7% a year, volatility 35.6%NVDA: 58.0% a year, volatility 51.9%ANET: 49.0% a year, volatility 49.0%JBL: 35.8% a year, volatility 39.6%BELFB: 78.0% a year, volatility 52.1%TTMI: 48.0% a year, volatility 54.3%FLEX: 36.0% a year, volatility 48.2%SANM: 34.7% a year, volatility 47.8%CSCO: 16.8% a year, volatility 26.1%ETN: 20.4% a year, volatility 32.1%TEL: 9.5% a year, volatility 28.7%APHSPY (S&P 500)VICRGLWADIROGMTRNVSHPLXSCTSLFUSNVDAANETJBLBELFBTTMIFLEXCSCOTEL0.0%20.0%40.0%60.0%80.0%−20.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityAPH: 33.8% a year, volatility 32.2%SPY (S&P 500): 12.7% a year, volatility 17.1%VICR: 6.4% a year, volatility 77.2%GLW: 31.4% a year, volatility 42.1%ADI: 19.5% a year, volatility 34.1%ROG: −6.5% a year, volatility 41.6%MTRN: 27.9% a year, volatility 46.1%VSH: 10.3% a year, volatility 47.2%PLXS: 20.3% a year, volatility 33.9%CTS: 11.7% a year, volatility 33.9%LFUS: 6.7% a year, volatility 35.6%NVDA: 58.0% a year, volatility 51.9%ANET: 49.0% a year, volatility 49.0%JBL: 35.8% a year, volatility 39.6%BELFB: 78.0% a year, volatility 52.1%TTMI: 48.0% a year, volatility 54.3%FLEX: 36.0% a year, volatility 48.2%SANM: 34.7% a year, volatility 47.8%CSCO: 16.8% a year, volatility 26.1%ETN: 20.4% a year, volatility 32.1%TEL: 9.5% a year, volatility 28.7%APHSPY (S&P 500)VICRGLWADIROGVSHPLXSLFUSNVDAANETJBLBELFBFLEX
All figures
InvestmentAnnual returnVolatility
BELFB Bel Fuse Inc.+78.0%52.1%
NVDA NVIDIA Corporation+58.0%51.9%
ANET Arista Networks, Inc.+49.0%49.0%
TTMI TTM Technologies, Inc.+48.0%54.3%
FLEX Flex Ltd.+36.0%48.2%
JBL Jabil Inc.+35.8%39.6%
SANM Sanmina Corporation+34.7%47.8%
APH This pageAmphenol Corporation+33.8%32.2%
GLW Corning Inc+31.4%42.1%
MTRN Materion Corporation+27.9%46.1%
ETN Eaton Corporation plc+20.4%32.1%
PLXS Plexus Corp.+20.3%33.9%
ADI Analog Devices, Inc.+19.5%34.1%
CSCO Cisco Systems, Inc.+16.8%26.1%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
CTS CTS Corporation+11.7%33.9%
VSH Vishay Intertechnology, Inc.+10.3%47.2%
TEL TE Connectivity plc+9.5%28.7%
LFUS Littelfuse, Inc.+6.7%35.6%
VICR Vicor Corporation+6.4%77.2%
ROG Rogers Corporation−6.5%41.6%
Open these 21 in EasyCompare

Has APH consistently beaten its popular alternatives?

This section compares APH 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 APH helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than APH 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
APH Amphenol Corporation (this page)—−1.6%+5.5%+4.1%+14.3%+25.6%+311%+329%+965%32.2%1.07−37.5%—$196B—
NVDA QualifiedNVIDIA Corporation3/5 short3/3 long−4.8%+6.6%+7.4%+14.9%+18.8%+425%+884%+13,019%51.9%1.14−66.3%—$5.2T—
ANET QualifiedArista Networks, Inc.3/5 short2/3 long−11.8%+7.0%+8.6%+35.6%+23.7%+289%+634%+3,439%49.0%1.06−52.2%—$229B—
JBL Hardware, Equipment & PartsJabil Inc.2/5 short2/3 long−8.8%−9.4%−16.1%+15.3%+35.9%+123%+361%+1,264%39.6%0.97−57.3%—$29B—
BELFB Hardware, Equipment & PartsBel Fuse Inc.2/5 short2/3 long−12.7%−20.2%−16.5%+23.1%+43.7%+425%+1,688%+872%52.1%1.37−79.8%—$2.6B—
TTMI Hardware, Equipment & PartsTTM Technologies, Inc.2/5 short2/3 long−23.0%−28.3%−24.1%+35.3%+64.8%+693%+609%+707%54.3%0.99−57.6%—$10B—
VICR Hardware, Equipment & PartsVicor Corporation2/5 short1/3 long−8.8%−11.6%−9.2%+74.7%+252%+294%+36.4%+1,630%77.2%0.46−80.5%—$9.4B—
GLW Hardware, Equipment & PartsCorning Inc2/5 short1/3 long−16.7%−13.3%−19.7%+46.8%+56.6%+419%+292%+616%42.1%0.86−51.5%—$114B—
FLEX Hardware, Equipment & PartsFlex Ltd.2/5 short1/3 long−21.6%−27.0%+3.8%+37.4%+39.4%+263%+365%+534%48.2%0.88−70.0%—$32B—
SANM Hardware, Equipment & PartsSanmina Corporation1/5 short1/3 long−19.0%−15.9%−3.2%+6.6%+28.0%+236%+343%+499%47.8%0.86−55.9%—$9.1B—
ADI SemiconductorsAnalog Devices, Inc.5/5 short0/3 long+3.7%+6.9%+4.8%+46.3%+63.3%+150%+144%+652%34.1%0.69−33.6%—$192B—
ROG Hardware, Equipment & PartsRogers Corporation4/5 short0/3 long+5.4%+4.6%+9.7%+48.8%+59.4%+10.0%−28.5%+143%41.6%0.06−80.8%—$2.4B—
MTRN Industrial MaterialsMaterion Corporation3/5 short0/3 long−5.9%−0.9%+32.6%+86.9%+79.1%+157%+242%+764%46.1%0.76−62.0%—$5.0B—
CSCO Communication EquipmentCisco Systems, Inc.3/5 short0/3 long−3.9%−3.2%+22.6%+42.2%+53.8%+118%+118%+374%26.1%0.73−42.0%—$421B—
VSH SemiconductorsVishay Intertechnology, Inc.3/5 short0/3 long−12.4%−23.3%+9.0%+88.8%+66.1%+32.0%+62.9%+146%47.2%0.44−63.5%—$4.0B—
PLXS Hardware, Equipment & PartsPlexus Corp.2/5 short0/3 long−6.3%−6.4%−0.6%+55.3%+56.4%+162%+152%+420%33.9%0.72−53.7%—$6.3B—
CTS Hardware, Equipment & PartsCTS Corporation2/5 short0/3 long−5.6%−6.5%+1.0%+26.4%+34.6%+42.6%+74.1%+252%33.9%0.50−52.6%—$1.6B—
LFUS Hardware, Equipment & PartsLittelfuse, Inc.2/5 short0/3 long−6.3%−4.3%−2.4%+47.0%+43.2%+74.1%+38.3%+235%35.6%0.36−54.2%—$9.7B—
ETN Electrical Equipment & PartsEaton Corporation plc1/5 short0/3 long−12.3%−4.6%−5.8%+17.7%+2.3%+104%+153%+657%32.1%0.74−44.5%—$148B—
TEL SemiconductorsTE Connectivity plc1/5 short0/3 long+1.7%+5.6%−13.1%−7.4%−4.1%+90.6%+57.4%+311%28.7%0.46−47.7%—$62B—
Open these 20 in EasyCompare

How did APH do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where APH ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with APH 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 APH; gray means the two finished within a fraction of a point. The rank row places APH among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of APH20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
APH This pageAmphenol Corporation—+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%
Rank among alternativesTop quarter in 6 of 295 of 208 of 207 of 2013 of 2010 of 2011 of 209 of 208 of 207 of 2014 of 2010 of 209 of 199 of 192 of 1910 of 1912 of 199 of 198 of 191 of 186 of 186 of 186 of 1813 of 183 of 184 of 1810 of 177 of 1614 of 151 of 15
SPY S&P 500State Street SPDR S&P 500 ETF6 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%
NVDA NVIDIA Corporation16 of 26+38.9%+171%+239%−50.2%+125%+122%+76.4%−30.8%+82.5%+228%+67.1%+27.4%+33.5%−11.0%−10.0%−17.6%+131%−76.3%+37.9%+102%+55.2%+1.6%+102%−82.8%+308%+39.6%———
ANET Arista Networks, Inc.6 of 11+18.6%+87.7%+94.1%−15.6%+97.9%+42.9%−3.5%−10.5%+143%+24.2%+28.2%——————————————————
JBL Jabil Inc.12 of 29+58.7%+13.3%+87.4%−2.5%+66.4%+3.9%+68.5%−4.4%+12.2%+3.4%+8.2%+27.3%−8.2%−0.4%−0.7%+18.2%+166%−54.6%−37.1%−33.3%+45.0%−9.6%+57.9%−21.1%−10.5%−30.4%+95.8%+87.5%+99.0%
BELFB Bel Fuse Inc.8 of 27+106%+24.0%+104%+159%−12.3%−24.9%+13.1%−25.9%−17.7%+81.6%−35.9%+29.9%+10.9%+5.9%−20.4%+12.8%+3.0%−26.7%−15.3%+10.0%−5.3%+4.2%+64.0%−19.2%−25.7%+43.2%+41.0%——
TTMI TTM Technologies, Inc.8 of 25+179%+56.5%+4.8%+1.2%+8.0%−8.3%+54.7%−37.9%+15.0%+109%−13.6%−12.2%−6.6%−16.2%−26.5%+29.4%+121%−55.3%+2.9%+20.5%−20.3%−30.1%+412%−67.4%−28.7%————
VICR Vicor Corporation10 of 29+127%+7.5%−16.4%−57.7%+37.7%+97.4%+23.6%+80.8%+38.4%+65.6%−24.6%−9.8%+148%−31.9%−50.9%+80.0%+40.8%−56.5%+44.2%−28.6%+21.7%+15.7%+38.2%−49.1%−46.7%−25.0%+350%−66.8%+62.5%
GLW Corning Inc13 of 29+87.8%+60.7%−1.2%−11.6%+5.9%+27.6%−1.0%−3.3%+34.6%+36.3%−18.4%+31.2%+45.1%−0.2%−31.9%+1.1%+106%−59.8%+28.7%−4.8%+67.2%+12.7%+215%−62.8%−83.0%+23.3%+190%+23.6%−3.0%
FLEX Flex Ltd.10 of 29+57.4%+73.2%+3.3%+17.1%+1.9%+42.5%+65.8%−57.7%+25.2%+28.2%+0.3%+43.9%+25.1%+9.7%−27.9%+7.4%+186%−78.8%+5.1%+10.0%−24.5%−6.6%+80.7%−65.9%−15.8%+24.1%+115%+148%+24.2%
SANM Sanmina Corporation10 of 29+98.3%+47.3%−10.3%+38.2%+30.0%−6.9%+42.3%−27.1%−10.0%+78.1%−12.5%+40.9%+50.9%+18.9%−18.9%+4.1%+291%−74.2%−47.3%−19.0%−49.7%−32.8%+181%−77.4%−48.1%+53.4%+59.8%+84.5%+19.9%
ADI Analog Devices, Inc.12 of 29+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%
ROG Rogers Corporation12 of 29−9.9%−23.1%+10.7%−56.3%+75.8%+24.5%+25.9%−38.8%+111%+48.9%−36.7%+32.4%+23.8%+34.7%−3.6%+26.2%+9.2%−36.0%−26.7%+51.0%−9.1%−2.3%+98.3%−26.6%−26.2%+115%+28.1%−26.9%+50.7%
MTRN Materion Corporation10 of 29+26.4%−23.7%+49.4%−4.3%+45.2%+8.1%+33.1%−6.7%+23.3%+43.4%−19.7%+15.4%+20.9%+7.3%−37.2%+108%+45.8%−65.6%+9.6%+112%−14.0%+20.8%+178%−61.4%−28.1%+22.7%−0.7%−26.9%+52.7%
CSCO Cisco Systems, Inc.10 of 29+33.5%+21.0%+9.3%−22.5%+45.8%−3.5%+13.8%+16.6%+31.3%+15.1%+0.6%+28.0%+16.7%+11.6%−9.6%−15.5%+46.9%−39.8%−1.0%+59.7%−11.4%−20.3%+85.0%−27.7%−52.6%−28.6%+131%+150%+31.2%
VSH Vishay Intertechnology, Inc.8 of 29−12.2%−27.9%+13.0%+0.7%+7.4%−0.5%+20.6%−11.9%+30.0%+37.1%−13.1%+8.5%+24.7%+18.2%−38.8%+124%+144%−70.0%−15.7%−1.6%−8.3%−34.5%+105%−42.6%+28.9%−28.3%+173%−35.4%+6.5%
PLXS Plexus Corp.11 of 29−6.1%+44.7%+5.1%+7.3%+22.6%+1.7%+50.6%−15.9%+12.4%+54.8%−15.3%−4.8%+67.8%−5.8%−11.5%+8.6%+68.0%−35.4%+10.0%+5.0%+74.8%−24.2%+95.6%−66.9%−12.6%+38.1%+29.9%+128%+77.6%
CTS CTS Corporation10 of 29−18.4%+20.9%+11.4%+7.8%+7.5%+15.2%+16.6%+1.1%+15.8%+28.1%−0.2%−9.6%+89.3%+17.3%−15.7%+16.4%+77.8%−43.8%−36.2%+43.2%−15.9%+16.7%+50.2%−50.5%−56.0%−51.5%+248%+37.3%+126%
LFUS Littelfuse, Inc.11 of 29+8.6%−11.0%+22.7%−29.4%+24.4%+34.5%+12.7%−12.6%+31.4%+43.3%+11.9%+5.1%+52.3%+45.6%−7.4%+46.9%+93.7%−49.6%+3.4%+17.0%−20.3%+18.5%+71.0%−35.8%−8.4%+18.0%+26.1%−22.6%+2.6%
ETN Eaton Corporation plc13 of 29−2.8%+39.5%+56.2%−7.2%+46.7%+31.0%+42.8%−10.0%+21.5%+33.8%−20.7%−8.2%+44.2%+28.6%−11.8%+64.0%+33.3%−47.1%+31.6%+14.4%−5.4%+36.5%+41.1%+7.6%+40.8%+6.0%+5.3%−19.0%+30.7%
TEL TE Connectivity plc6 of 18+61.6%+3.5%+24.6%−27.7%+35.1%+28.9%+29.4%−18.9%+39.9%+9.8%+4.2%+16.9%+51.6%+23.4%−11.1%+47.5%+57.0%−55.5%———————————
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Risk and diversification

How APH 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 APH's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents APH's five deepest drawdowns since it began trading in 1991, 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 APH fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringAPH fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2008 financial crisis−63.6%−41.7%Aug 2008Nov 20083 monthsNov 20102 years
Dot-com bust−60.7%−46.1%Jul 2000Oct 20022.3 yearsNov 20042.1 years
No named crash−57.0%+1.0%Mar 1998Oct 19987 monthsNov 199913 months
No named crash−48.1%—Jan 1992Oct 19929 monthsJun 19938 months
Covid crash−37.5%−27.5%Jan 2020Mar 20202 monthsAug 20205 months

How did APH do in stock market crashes?

This section measures how far APH, 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 APH.

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
APH This pageAmphenol Corporation—−3.8%−27.8%−33.8%−20.4%−7.5%−19.0%−21.9%−1.7%−63.6%−60.7%
SPY S&P 500State Street SPDR S&P 500 ETF7 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
NVDA NVIDIA Corporation0 of 10−5.0%−60.7%−37.5%−55.9%−8.5%−25.3%−23.8%−1.7%−85.1%−89.7%
ANET Arista Networks, Inc.3 of 6−1.5%−36.6%−31.2%−31.2%−6.1%−36.6%————
JBL Jabil Inc.1 of 10−4.1%−28.9%−51.4%−28.1%−3.5%−28.3%−30.5%−3.8%−85.0%−82.5%
BELFB Bel Fuse Inc.2 of 10−13.5%−24.7%−55.1%−34.7%−9.3%−39.1%−34.6%−5.1%−73.6%−57.0%
TTMI TTM Technologies, Inc.1 of 9−6.2%−27.4%−35.3%−46.9%−7.0%−39.7%−43.2%0.0%−74.7%—
VICR Vicor Corporation2 of 10−2.3%−60.2%−40.8%−34.8%−5.8%−35.0%−45.7%−5.0%−74.5%−89.3%
GLW Corning Inc2 of 10−3.8%−30.9%−36.7%−21.7%−9.0%−13.5%−31.1%0.0%−71.6%−99.0%
FLEX Flex Ltd.2 of 10−8.0%−24.2%−57.5%−48.0%−6.1%−22.8%−27.3%−1.8%−87.9%−86.7%
SANM Sanmina Corporation2 of 10−5.2%−15.7%−38.2%−22.7%−4.8%−32.4%−46.4%−4.9%−92.4%−96.0%
ADI Analog Devices, Inc.6 of 10−2.6%−22.6%−33.6%−18.1%−7.2%−22.7%−18.6%−1.2%−55.0%−82.0%
ROG Rogers Corporation2 of 10−6.8%−15.6%−37.4%−40.8%−9.8%−27.9%−28.6%−5.5%−70.1%−53.5%
MTRN Materion Corporation2 of 10−6.4%−25.7%−47.5%−28.8%−6.2%−38.0%−50.5%−1.3%−86.8%−70.8%
CSCO Cisco Systems, Inc.6 of 10−1.4%−35.4%−29.1%−17.5%−5.3%−22.8%−16.6%−3.1%−60.0%−89.3%
VSH Vishay Intertechnology, Inc.3 of 10−2.4%−22.2%−42.4%−21.6%−20.8%−16.4%−46.6%−2.0%−84.8%−88.5%
PLXS Plexus Corp.3 of 10−5.1%−23.8%−49.9%−21.7%−3.9%−28.5%−30.1%−0.9%−66.8%−90.2%
CTS CTS Corporation2 of 10−1.2%−20.6%−38.5%−33.7%−7.5%−34.2%−26.4%−5.1%−84.2%−94.3%
LFUS Littelfuse, Inc.1 of 10−3.7%−38.8%−43.8%−25.5%−9.5%−17.2%−31.3%−3.0%−77.4%−71.5%
ETN Eaton Corporation plc3 of 10−4.5%−26.3%−44.5%−26.0%−6.7%−22.3%−34.6%−1.4%−68.5%−31.6%
TEL TE Connectivity plc1 of 9−4.3%−33.3%−42.9%−23.2%−6.8%−22.7%−24.7%−3.5%−81.1%—
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How closely does APH 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 APH 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 APH's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
APH This pageAmphenol Corporation125%79%1.591.24
ANET Arista Networks, Inc.174%91%1.921.40
MTRN Materion Corporation108%61%1.781.23
NVDA NVIDIA Corporation248%140%1.771.83
GLW Corning Inc107%67%1.611.14
JBL Jabil Inc.138%91%1.531.32
ETN Eaton Corporation plc114%80%1.431.16
VICR Vicor Corporation188%143%1.311.55
ADI Analog Devices, Inc.117%92%1.261.20
PLXS Plexus Corp.101%82%1.231.03
SANM Sanmina Corporation127%111%1.151.37
TTMI TTM Technologies, Inc.155%140%1.111.87
FLEX Flex Ltd.136%124%1.101.57
CSCO Cisco Systems, Inc.101%96%1.060.97
BELFB Bel Fuse Inc.168%160%1.051.61
CTS CTS Corporation94%104%0.910.87
TEL TE Connectivity plc109%120%0.911.26
LFUS Littelfuse, Inc.124%154%0.811.34
ROG Rogers Corporation90%114%0.791.10
VSH Vishay Intertechnology, Inc.118%160%0.741.61
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What diversifies APH?

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 APH's. Because such investments tend not to fall at the same time, pairing APH 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 APH lost money. The last two columns show a portfolio that is 80% APH and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe202220182015201120082002199880/20 mix volatility80/20 mix annual return
APH Amphenol Corporation (this page)1.00+329%1.07−11.9%−6.9%−1.0%−13.6%−48.2%−20.7%−45.8%27.2%+37.3%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.32+119%1.48+3.8%−5.2%—————22.4%+33.6%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.42+225%1.34+6.0%−19.8%+7.7%−16.1%−20.8%——22.9%+35.7%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.38+101%1.04+10.4%−8.7%−25.3%————23.0%+33.3%
EWP Broad MarketiShares MSCI Spain ETF0.40+140%0.97−5.2%−15.3%−15.6%−9.8%−36.8%−13.6%+50.5%23.5%+34.5%
GLD CommoditiesSPDR Gold Shares0.06+126%0.96−0.8%−1.9%−10.7%+9.6%+4.9%——22.2%+34.2%
XLE EnergyState Street Energy Select Sector SPDR ETF0.02+177%0.93+64.4%−18.2%−21.5%+2.8%−39.0%−14.8%—22.5%+35.7%
AMLP EnergyAlerian MLP ETF0.19+111%0.89+25.5%−12.6%−25.7%+10.2%———22.7%+34.2%
EFV InternationaliShares MSCI EAFE Value ETF0.42+89.0%0.88−5.2%−14.7%−5.9%−12.4%−41.7%——23.2%+33.0%

Stocks

InvestmentCorrelation5Y returnSharpe202220182015201120082002199880/20 mix volatility80/20 mix annual return
APH Amphenol Corporation (this page)1.00+329%1.07−11.9%−6.9%−1.0%−13.6%−48.2%−20.7%−45.8%27.2%+37.3%
CAH Medical - DistributionCardinal Health, Inc.0.40+479%1.55+54.1%−24.5%+12.6%+8.1%−39.6%−8.3%+51.7%24.4%+38.2%
MCK Medical - DistributionMcKesson Corporation0.20+413%1.44+51.8%−28.4%−4.5%+11.8%−40.4%−27.2%+46.9%23.3%+37.8%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.10+690%1.41+86.6%−8.2%+17.4%————23.3%+41.1%
HWM Aerospace & DefenseHowmet Aerospace Inc.0.49+594%1.36+24.2%−37.5%−36.3%−42.9%−67.4%−33.1%+7.0%25.8%+40.6%
ATI Manufacturing - Metal FabricationATI Inc.0.33+1,008%1.34+87.5%−9.8%−66.7%−12.2%−70.0%−60.8%—26.4%+44.2%
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Common questions

What was APH's worst drawdown?

APH's deepest decline since it began trading in 1991 was 63.6%, from August to November 2008. It took 24 months from the low to climb back to its old high.

What were APH's best and worst years?

Over 29 full calendar years, APH's best year was 1997, when it returned 150%. Its worst was 2008, with a return of -48.2%.

Is there a better investment than APH?

Among APH's popular alternatives, NVDA and ANET were ahead of APH in most short and long periods, though with much bigger swings (51.9% and 49.0% volatility against 32.2%). Looking beyond its popular alternatives, TSM (semiconductors) and ASX (semiconductors) were ahead of APH in most short and long periods.

Is APH more volatile than the S&P 500?

Yes. APH's volatility over the past 5 years was 32.2%, 1.9 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, APH's return lands within 32.2% 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 APH's Sharpe ratio?

APH's Sharpe ratio over the past 5 years was 1.07, against 0.79 for the S&P 500, so APH earned more 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 APH with the S&P 500?

Over the past 5 years, APH's monthly returns had a correlation of 0.70 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 APH instead: the lower it is, the more that option would diversify a APH holding.

What are the best alternatives to APH?

Of the 19 popular alternatives we compared, two outperformed APH in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: NVDA and ANET.

Did APH outperform the S&P 500?

APH finished ahead of the S&P 500 (SPY) in 23 of 29 full calendar years. In 2025, it returned +97.6%, against +17.7% for the index.

How did APH do in stock market crashes?

APH fell less than the S&P 500 (SPY) in none of the ten major crashes it has traded through, and further in seven. The clearest case was the dot-com bust, when APH fell 60.7% and the S&P 500 fell 47.5%.

What diversifies APH?

These had a low correlation with APH over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.32), DXJ (correlation 0.42) and EMLP (correlation 0.38); among large stocks, CAH (correlation 0.40), MCK (correlation 0.20) and MPC (correlation 0.10). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to APH

Other stocks and ETFs