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Relative Intelligence · Computer Hardware

How Garmin (GRMN) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on GRMN alone. It places GRMN (Garmin Ltd.) against 14 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 GRMN stands in the market, and of the alternatives worth a closer look.

Period covered: GRMN's full trading record, from December 2000 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. 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 GRMN →Chart GRMN vs. 14 alternatives →
On this page12 sections

Key findings

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

This chart tracks a hypothetical $10,000 investment in GRMN over the past 25 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of GRMN over the same span and GRMN'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 2001 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. 77 of the 1,326 stocks and funds worth at least $500 million that traded the whole period ended ahead of GRMN; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$100,000$1M$10M2001200520092013201720212025$10,000$100,000$1M$10M20012007201320192025
  • MNST$23M+228,221% total · +36.3% a year
  • AAPL$14M+143,470% total · +33.7% a year
  • NEU$3M+31,728% total · +25.9% a year
  • CMI$1M+10,707% total · +20.6% a year
  • ORLY$894,377+8,844% total · +19.7% a year
  • GRMN$689,548+6,795% total · +18.5% a year
  • LOGI$246,326+2,363% total · +13.7% a year
  • SPY (S&P 500)$114,557+1,046% total · +10.2% a year
  • HWM$58,428+484% total · +7.3% a year
  • SONY$42,551+326% total · +6.0% a year
Change the dates or add tickers to this chart in EasyCompare

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. 742 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of GRMN; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$2,000$5,000$10,000$20,000$50,000202120222023202420252026$2,000$5,000$10,000$20,000$50,000202120222023202420252026
  • HWM$73,554+636% total · +49.0% a year
  • PANW$49,770+398% total · +37.8% a year
  • SMH$48,982+390% total · +37.4% a year
  • AAPL$24,129+141% total · +19.3% a year
  • CSCO$22,737+127% total · +17.9% a year
  • GRMN$20,536+105% total · +15.5% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • LOGI$12,457+24.6% total · +4.5% a year
  • SONY$10,955+9.5% total · +1.8% a year
  • CRSR$5,206−47.9% total · −12.2% a year
Change the dates or add tickers to this chart in EasyCompare

GRMN 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
$56B
Industry
Hardware, Equipment & Parts
Price history from
December 2000

Returns

Past 1 year
+18.5%total return
Past 3 years
+196%+43.6% a year
Past 5 years
+99.1%+14.8% a year
Past 10 years
+670%+22.6% a year
Best calendar year
+87.6%2003
Worst calendar year
−79.3%2008
Losing years
4 of 25full calendar years

Risk

Volatility
31.6%typical yearly swing, 5 years
Sharpe ratio
0.59return per unit of risk, 5 years
Worst decline ever
−87.7%Oct 2007 to Nov 2008
From its all-time high
−6.9%below the peak

GRMN against the whole market

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

How does GRMN rank among all stocks?

This section ranks GRMN 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 GRMN 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.

MeasureGRMNRankStanding
1-year return+18.5%1,295 of 3,287top 39%
3-year return+196%420 of 3,017top 14%
5-year return+99.1%690 of 2,893top 24%
10-year return+670%205 of 2,202top 9%
Volatility, 5 years31.6%875 of 2,893top 30%
Sharpe ratio, 5 years0.59690 of 2,893top 24%
Worst decline, past 10 years−54.6%650 of 2,187top 30%

What has beaten GRMN 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). GRMN sits where the dashed lines cross. Anything in the green box above and to the left earned more than GRMN 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 GRMN; faint dots are 93 more of the 179 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.

5.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than GRMNWMT: +20.8% a year, volatility 22.6%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%COST: +17.4% a year, volatility 22.9%PM: +21.0% a year, volatility 23.4%MCK: +38.7% a year, volatility 25.0%MRK: +16.3% a year, volatility 24.8%NVS: +17.1% a year, volatility 20.7%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%GS: +19.6% a year, volatility 28.6%TD: +15.8% a year, volatility 20.0%TJX: +19.9% a year, volatility 22.3%GLD: +17.7% a year, volatility 18.9%SMFG: +33.7% a year, volatility 29.4%PGR: +21.3% a year, volatility 25.6%VRTX: +22.6% a year, volatility 29.1%CM: +19.2% a year, volatility 21.6%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%COR: +24.2% a year, volatility 22.8%GWW: +26.3% a year, volatility 24.9%MNST: +17.2% a year, volatility 24.9%CTAS: +16.5% a year, volatility 23.1%JCI: +17.4% a year, volatility 29.1%CMI: +19.9% a year, volatility 29.0%ORLY: +15.9% a year, volatility 23.4%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%ALL: +17.0% a year, volatility 26.2%PCAR: +17.9% a year, volatility 26.1%FAST: +15.8% a year, volatility 24.6%CBOE: +21.5% a year, volatility 25.1%IX: +17.9% a year, volatility 25.4%SDCI: +20.6% a year, volatility 18.4%CASY: +29.9% a year, volatility 29.3%WRB: +18.9% a year, volatility 22.9%CW: +30.8% a year, volatility 28.7%SPMO: +18.7% a year, volatility 20.8%RS: +24.8% a year, volatility 28.1%HUBB: +21.0% a year, volatility 30.0%PVAL: +16.1% a year, volatility 15.1%DTM: +24.5% a year, volatility 25.2%RNR: +20.1% a year, volatility 27.8%EWT: +20.4% a year, volatility 24.2%ALSN: +27.3% a year, volatility 29.9%EHC: +18.4% a year, volatility 26.8%VLUE: +15.9% a year, volatility 18.4%ORI: +17.0% a year, volatility 22.2%MSGS: +18.4% a year, volatility 25.6%NEU: +21.0% a year, volatility 26.8%XNTK: +16.9% a year, volatility 29.3%PPA: +16.3% a year, volatility 18.9%AIRR: +18.3% a year, volatility 25.9%ACT: +20.5% a year, volatility 24.3%AXS: +16.7% a year, volatility 25.2%QTUM: +22.8% a year, volatility 28.1%RSPT: +16.9% a year, volatility 25.1%TDIV: +16.2% a year, volatility 21.3%MPLX: +23.5% a year, volatility 18.8%GARP: +17.5% a year, volatility 22.5%FRDM: +17.3% a year, volatility 22.8%CHCO: +15.9% a year, volatility 22.8%BFC: +19.0% a year, volatility 27.3%XOM: +27.1% a year, volatility 26.5%DBJP: +20.9% a year, volatility 19.2%CTBI: +16.0% a year, volatility 26.0%HSBC: +33.1% a year, volatility 25.9%NANR: +17.4% a year, volatility 22.6%THFF: +15.9% a year, volatility 26.2%UMI: +18.7% a year, volatility 19.2%CVX: +19.5% a year, volatility 25.2%NXTG: +16.2% a year, volatility 19.1%MUFG: +33.2% a year, volatility 29.4%VLGEA: +17.8% a year, volatility 28.3%SHEL: +21.0% a year, volatility 24.8%WELL: +26.0% a year, volatility 23.8%MS: +16.0% a year, volatility 28.8%TTE: +18.0% a year, volatility 25.8%PH: +27.4% a year, volatility 28.8%BTI: +18.7% a year, volatility 22.0%MO: +17.8% a year, volatility 21.4%BNY: +22.7% a year, volatility 24.4%WMB: +24.6% a year, volatility 24.0%MAR: +22.0% a year, volatility 28.6%E: +23.0% a year, volatility 25.6%EPD: +16.4% a year, volatility 17.1%BP: +16.0% a year, volatility 28.7%MFC: +22.6% a year, volatility 24.0%HLT: +21.0% a year, volatility 26.8%KMI: +18.7% a year, volatility 22.5%GRMN: +14.8% a year, volatility 31.6%SPY (S&P 500): +12.7% a year, volatility 17.1%AAPL: +18.5% a year, volatility 28.0%HWM: +47.3% a year, volatility 32.5%CSCO: +16.8% a year, volatility 26.1%PANW: +31.9% a year, volatility 43.4%SMH: +33.4% a year, volatility 36.9%ADI: +19.5% a year, volatility 34.1%MSI: +14.8% a year, volatility 23.6%RTX: +18.6% a year, volatility 24.3%VGT: +18.4% a year, volatility 26.0%LLY: +40.7% a year, volatility 32.8%NHC: +32.0% a year, volatility 28.5%FLTW: +21.8% a year, volatility 24.3%RY: +17.3% a year, volatility 18.2%CAH: +42.1% a year, volatility 24.7%MFG: +33.6% a year, volatility 30.6%KO: +14.7% a year, volatility 16.8%GRMNSPY (S&P 500)AAPLHWMCSCOPANWSMHADIMSIRTXVGTLLYNHCFLTWRYCAHMFGKO0.0%10.0%20.0%30.0%40.0%50.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than GRMNWMT: +20.8% a year, volatility 22.6%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%COST: +17.4% a year, volatility 22.9%PM: +21.0% a year, volatility 23.4%MCK: +38.7% a year, volatility 25.0%MRK: +16.3% a year, volatility 24.8%NVS: +17.1% a year, volatility 20.7%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%GS: +19.6% a year, volatility 28.6%TD: +15.8% a year, volatility 20.0%TJX: +19.9% a year, volatility 22.3%GLD: +17.7% a year, volatility 18.9%SMFG: +33.7% a year, volatility 29.4%PGR: +21.3% a year, volatility 25.6%VRTX: +22.6% a year, volatility 29.1%CM: +19.2% a year, volatility 21.6%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%COR: +24.2% a year, volatility 22.8%GWW: +26.3% a year, volatility 24.9%MNST: +17.2% a year, volatility 24.9%CTAS: +16.5% a year, volatility 23.1%JCI: +17.4% a year, volatility 29.1%CMI: +19.9% a year, volatility 29.0%ORLY: +15.9% a year, volatility 23.4%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%ALL: +17.0% a year, volatility 26.2%PCAR: +17.9% a year, volatility 26.1%FAST: +15.8% a year, volatility 24.6%CBOE: +21.5% a year, volatility 25.1%IX: +17.9% a year, volatility 25.4%SDCI: +20.6% a year, volatility 18.4%CASY: +29.9% a year, volatility 29.3%WRB: +18.9% a year, volatility 22.9%CW: +30.8% a year, volatility 28.7%SPMO: +18.7% a year, volatility 20.8%RS: +24.8% a year, volatility 28.1%HUBB: +21.0% a year, volatility 30.0%PVAL: +16.1% a year, volatility 15.1%DTM: +24.5% a year, volatility 25.2%RNR: +20.1% a year, volatility 27.8%EWT: +20.4% a year, volatility 24.2%ALSN: +27.3% a year, volatility 29.9%EHC: +18.4% a year, volatility 26.8%VLUE: +15.9% a year, volatility 18.4%ORI: +17.0% a year, volatility 22.2%MSGS: +18.4% a year, volatility 25.6%NEU: +21.0% a year, volatility 26.8%XNTK: +16.9% a year, volatility 29.3%PPA: +16.3% a year, volatility 18.9%AIRR: +18.3% a year, volatility 25.9%ACT: +20.5% a year, volatility 24.3%AXS: +16.7% a year, volatility 25.2%QTUM: +22.8% a year, volatility 28.1%RSPT: +16.9% a year, volatility 25.1%TDIV: +16.2% a year, volatility 21.3%MPLX: +23.5% a year, volatility 18.8%GARP: +17.5% a year, volatility 22.5%FRDM: +17.3% a year, volatility 22.8%CHCO: +15.9% a year, volatility 22.8%BFC: +19.0% a year, volatility 27.3%XOM: +27.1% a year, volatility 26.5%DBJP: +20.9% a year, volatility 19.2%CTBI: +16.0% a year, volatility 26.0%HSBC: +33.1% a year, volatility 25.9%NANR: +17.4% a year, volatility 22.6%THFF: +15.9% a year, volatility 26.2%UMI: +18.7% a year, volatility 19.2%CVX: +19.5% a year, volatility 25.2%NXTG: +16.2% a year, volatility 19.1%MUFG: +33.2% a year, volatility 29.4%VLGEA: +17.8% a year, volatility 28.3%SHEL: +21.0% a year, volatility 24.8%WELL: +26.0% a year, volatility 23.8%MS: +16.0% a year, volatility 28.8%TTE: +18.0% a year, volatility 25.8%PH: +27.4% a year, volatility 28.8%BTI: +18.7% a year, volatility 22.0%MO: +17.8% a year, volatility 21.4%BNY: +22.7% a year, volatility 24.4%WMB: +24.6% a year, volatility 24.0%MAR: +22.0% a year, volatility 28.6%E: +23.0% a year, volatility 25.6%EPD: +16.4% a year, volatility 17.1%BP: +16.0% a year, volatility 28.7%MFC: +22.6% a year, volatility 24.0%HLT: +21.0% a year, volatility 26.8%KMI: +18.7% a year, volatility 22.5%GRMN: +14.8% a year, volatility 31.6%SPY (S&P 500): +12.7% a year, volatility 17.1%AAPL: +18.5% a year, volatility 28.0%HWM: +47.3% a year, volatility 32.5%CSCO: +16.8% a year, volatility 26.1%PANW: +31.9% a year, volatility 43.4%SMH: +33.4% a year, volatility 36.9%ADI: +19.5% a year, volatility 34.1%MSI: +14.8% a year, volatility 23.6%RTX: +18.6% a year, volatility 24.3%VGT: +18.4% a year, volatility 26.0%LLY: +40.7% a year, volatility 32.8%NHC: +32.0% a year, volatility 28.5%FLTW: +21.8% a year, volatility 24.3%RY: +17.3% a year, volatility 18.2%CAH: +42.1% a year, volatility 24.7%MFG: +33.6% a year, volatility 30.6%KO: +14.7% a year, volatility 16.8%GRMNSPY (S&P 500)AAPLHWMCSCOPANWSMHADIMSILLYNHCFLTWRYCAHMFGKO
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than GRMN?

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

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

Screen the whole market against GRMN for any period in BetterThanSPYOpen these 17 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 GRMN?lower diversifies moreExpenseper year
GRMNGarmin Ltd. · this page
+14.8%31.6%0.59−54.6%+670%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.440.09%
Popular alternativesbest 2 shownThe investments people most often weigh against GRMN. 2 of 14 passed at least one test.
AAPLApple Inc. · Computer Hardware
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+18.5%28.0%0.75−38.5%+1,168%0.29—
HWMHowmet Aerospace Inc. · Aerospace & Defense
On the frontierHigher return, similar volatility+47.3%32.5%1.36−68.9%+1,028%0.50—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Computer Hardware and the categories next to it (Semiconductors, Communications Equipment, Software, IT Services), plus GRMN's specific themes. 17 of 154 passed at least one test.
CSCOCisco Systems, Inc. · Communications Equipment
Higher return, lower volatilityHigher Sharpe, smaller worst decline+16.8%26.1%0.73−42.0%+374%0.17—
PANWPalo Alto Networks, Inc. · Cybersecurity
Higher Sharpe, smaller worst declineHigher return in most periods+31.9%43.4%0.86−48.0%+1,274%-0.09—
SMHVanEck Semiconductor ETF · Semiconductors
Higher Sharpe, smaller worst declineHigher return in most periods+33.4%36.9%0.97−45.3%+1,665%0.230.35%
ADIAnalog Devices, Inc. · Semiconductors
Higher return, similar volatilityHigher Sharpe, smaller worst decline+19.5%34.1%0.69−33.6%+652%0.41—
MSIMotorola Solutions, Inc. · Communications Equipment
Similar return, lower volatilityHigher Sharpe, smaller worst decline+14.8%23.6%0.71−32.8%+625%0.58—
RTXRTX Corporation · Aerospace & Defense · Avionics theme
Higher return, lower volatility+18.6%24.3%0.83−52.0%+317%0.20—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 403 of 3,466 passed at least one test.
VGTVanguard Information Technology ETF · Technology Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+18.4%26.0%0.78−35.1%+779%0.290.09%
LLYEli Lilly and Company · Pharmaceuticals
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+40.7%32.8%1.21−34.5%+1,807%-0.05—
NHCNational HealthCare Corporation · Medical - Care Facilities
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+32.0%28.5%1.12−35.3%+394%0.39—
FLTWFranklin FTSE Taiwan ETF · Technology
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+21.8%24.3%0.94−38.0%—0.290.19%
RYRoyal Bank of Canada · Banks
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+17.3%18.2%0.97−40.0%+352%0.33—
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+42.1%24.7%1.55−46.1%+349%0.01—
MFGMizuho Financial Group, Inc. · Banks
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+33.6%30.6%1.10−45.7%+345%0.35—
KOThe Coca-Cola Company · Food & Beverages
Similar return, lower volatilityHigher Sharpe, smaller worst decline+14.7%16.8%0.91−37.0%+204%0.22—
What these numbers mean for GRMN
Annual return
GRMN returned 14.8% 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 $19,900. 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
GRMN's volatility over the past 5 years was 31.6%, 1.8 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, GRMN's return lands within 31.6% 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
GRMN's Sharpe ratio over the past 5 years was 0.59, against 0.79 for the S&P 500, so GRMN 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
GRMN's worst fall from a peak to a low over the past 10 years was 54.6%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 54.6% fall takes a 120% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, GRMN's monthly returns had a correlation of 0.44 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 GRMN instead: the lower it is, the more that option would diversify a GRMN holding. Guide: Correlation and diversification →
Show all 179 stocks and funds worth at least $500 million that earned more than GRMN with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with GRMNExpense
1
VGTVanguard Information Technology ETF · Technology Equity
Whole market+18.4%26.0%0.78−35.1%+779%0.290.09%
2
AAPLApple Inc. · Computer Hardware
Popular alternative+18.5%28.0%0.75−38.5%+1,168%0.29—
3
NHCNational HealthCare Corporation · Medical - Care Facilities
Whole market+32.0%28.5%1.12−35.3%+394%0.39—
4
FLTWFranklin FTSE Taiwan ETF · Technology
Whole market+21.8%24.3%0.94−38.0%—0.290.19%
5
RYRoyal Bank of Canada · Banks
Whole market+17.3%18.2%0.97−40.0%+352%0.33—
6
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.01—
7
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.27—
8
JPMJPMorgan Chase & Co. · Banks
Whole market+17.3%24.3%0.78−43.6%+537%0.49—
9
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.22—
10
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.350.48%
11
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.590.40%
12
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+685%0.36—
13
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.28—
14
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.26—
15
MRKMerck & Co., Inc. · Pharmaceuticals
Whole market+16.3%24.8%0.74−43.4%+241%-0.01—
16
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+226%0.32—
17
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.25—
18
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.17—
19
GSThe Goldman Sachs Group, Inc. · Capital Markets
Whole market+19.6%28.6%0.77−48.8%+521%0.31—
20
TDThe Toronto-Dominion Bank · Banks
Whole market+15.8%20.0%0.84−42.0%+310%0.13—
21
TJXThe TJX Companies, Inc. · Specialty Retail
Whole market+19.9%22.3%0.93−42.5%+361%0.32—
22
GLDSPDR Gold Shares · Gold
Whole market+17.7%18.9%0.96−26.4%+213%0.150.40%
23
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+474%0.39—
24
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.19—
25
VRTXVertex Pharmaceuticals Incorporated · Biotechnology
Whole market+22.6%29.1%0.85−41.6%+521%-0.01—
26
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+395%0.43—
27
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.43—
28
TTTrane Technologies plc · Building Products
Whole market+22.7%27.7%0.88−40.5%+955%0.31—
29
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.22—
30
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.25—
31
MNSTMonster Beverage Corporation · Food & Beverages
Whole market+17.2%24.9%0.77−30.4%+285%0.23—
32
CTASCintas Corporation · Business Services
Whole market+16.5%23.1%0.78−48.4%+808%0.55—
33
JCIJohnson Controls International plc · Building Products
Whole market+17.4%29.1%0.70−46.4%+426%0.55—
34
CMICummins Inc. · Industrial Machinery
Whole market+19.9%29.0%0.77−44.0%+444%0.30—
35
ORLYO'Reilly Automotive, Inc. · Specialty Retail
Whole market+15.9%23.4%0.75−42.0%+393%0.18—
36
ETREntergy Corporation · Electric Utilities
Whole market+19.2%22.4%0.90−42.0%+311%0.38—
37
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+292%0.46—
38
ALLThe Allstate Corporation · Property & Casualty Insurance
Whole market+17.0%26.2%0.73−41.4%+356%0.32—
39
PCARPACCAR Inc · Commercial Vehicles
Whole market+17.9%26.1%0.76−37.9%+314%0.41—
40
FASTFastenal Company · Industrial Distribution
Whole market+15.8%24.6%0.72−30.7%+576%0.40—
41
CBOECboe Global Markets, Inc. · Capital Markets
Whole market+21.5%25.1%0.91−43.2%+463%0.37—
42
IXORIX Corporation · Diversified Financials
Whole market+17.9%25.4%0.78−42.5%+284%0.47—
43
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Bonds
Whole market+20.6%18.4%1.12−45.7%—0.090.80%
44
CASYCasey's General Stores, Inc. · Convenience Stores
Whole market+29.9%29.3%1.04−36.1%+537%0.29—
45
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Whole market+18.9%22.9%0.87−45.3%+443%0.21—
46
CWCurtiss-Wright Corporation · Aerospace & Defense
Whole market+30.8%28.7%1.08−48.7%+512%0.23—
47
SPMOInvesco S&P 500 Momentum ETF · US Momentum Equity
Whole market+18.7%20.8%0.93−30.9%+499%0.290.13%
48
RSReliance Steel & Aluminum Co. · Metals & Mining
Whole market+24.8%28.1%0.93−40.8%+626%0.22—
49
HUBBHubbell Incorporated · Electrical Equipment
Whole market+21.0%30.0%0.79−41.6%+442%0.18—
50
PVALPutnam Focused Large Cap Value ETF · US Large-Cap Value
Whole market+16.1%15.1%1.07−41.3%—0.500.56%
51
CSCOCisco Systems, Inc. · Communications Equipment
Same or nearby category+16.8%26.1%0.73−42.0%+374%0.17—
52
DTMDT Midstream, Inc. · Oil & Gas Midstream
Whole market+24.5%25.2%1.00−23.6%—0.31—
53
RNRRenaissanceRe Holdings Ltd. · Insurance
Whole market+20.1%27.8%0.80−40.7%+215%0.10—
54
EWTiShares MSCI Taiwan ETF · International Equity
Whole market+20.4%24.2%0.89−38.9%+468%0.310.59%
55
ALSNAllison Transmission Holdings, Inc. · Auto Parts
Whole market+27.3%29.9%0.96−48.7%+367%0.44—
56
EHCEncompass Health Corporation · Health Care Facilities
Whole market+18.4%26.8%0.77−39.5%+340%0.39—
57
VLUEiShares MSCI USA Value Factor ETF · US Large-Cap Value
Whole market+15.9%18.4%0.90−39.5%+286%0.320.15%
58
ORIOld Republic International Corporation · Property & Casualty Insurance
Whole market+17.0%22.2%0.82−47.8%+349%0.40—
59
MSGSMadison Square Garden Sports Corp. · Entertainment
Whole market+18.4%25.6%0.79−41.6%+432%0.28—
60
NEUNewMarket Corporation · Specialty Chemicals
Whole market+21.0%26.8%0.85−40.7%+165%0.25—
61
XNTKState Street SPDR NYSE Technology ETF · Technology
Whole market+16.9%29.3%0.68−48.3%+728%0.230.35%
62
PPAInvesco Aerospace & Defense ETF · Aerospace & Defense
Whole market+16.3%18.9%0.90−43.9%+344%0.360.58%
63
AIRRFirst Trust RBA American Industrial RenaissanceTM ETF · US Industrials
Whole market+18.3%25.9%0.78−42.4%+407%0.380.69%
64
ACTEnact Holdings Inc. · Insurance
Whole market+20.5%24.3%0.89−20.2%—0.27—
65
AXSAXIS Capital Holdings Limited · Property & Casualty Insurance
Whole market+16.7%25.2%0.74−49.3%+137%0.26—
66
QTUMDefiance Quantum ETF · Technology
Whole market+22.8%28.1%0.87−38.5%—0.240.40%
67
RSPTInvesco S&P 500 Equal Weight Technology ETF · Technology Equity
Whole market+16.9%25.1%0.75−33.7%+572%0.300.40%
68
TDIVFirst Trust NASDAQ Technology Dividend Index Fund · Technology Equity
Whole market+16.2%21.3%0.81−32.0%+388%0.350.50%
69
MPLXMPLX Lp · Oil & Gas Midstream
Whole market+23.5%18.8%1.22−75.2%+350%0.23—
70
GARPiShares MSCI USA Quality GARP ETF · Broad Market
Whole market+17.5%22.5%0.83−31.4%—0.310.15%
71
FRDMFreedom 100 Emerging Markets ETF · International
Whole market+17.3%22.8%0.82−40.5%—0.280.49%
72
CHCOCity Holding Company · Banks - Regional
Whole market+15.9%22.8%0.77−32.3%+286%0.28—
73
BFCBank First Corporation · Banks - Regional
Whole market+19.0%27.3%0.78−39.8%+496%0.21—
74
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Whole market+27.1%26.5%1.04−61.0%+214%0.14—
75
DBJPXtrackers MSCI Japan Hedged Equity ETF · International
Whole market+20.9%19.2%1.09−31.3%+348%0.330.45%
76
CTBICommunity Trust Bancorp, Inc. · Banks - Regional
Whole market+16.0%26.0%0.70−43.0%+192%0.31—
77
HSBCHSBC Holdings plc · Banks
Whole market+33.1%25.9%1.24−62.3%+319%0.35—
78
NANRState Street SPDR S&P North American Natural Resources ETF · Broad Market
Whole market+17.4%22.6%0.83−49.1%+241%0.300.35%
79
THFFFirst Financial Corporation · Banks - Regional
Whole market+15.9%26.2%0.69−42.8%+161%0.19—
80
UMIUSCF Midstream Energy Income Fund · Energy
Whole market+18.7%19.2%0.99−48.1%—0.420.85%
81
CVXChevron Corporation · Integrated Oil & Gas
Whole market+19.5%25.2%0.84−55.8%+238%0.28—
82
NXTGFirst Trust Indxx NextG ETF · Technology
Whole market+16.2%19.1%0.89−33.6%+330%0.340.70%
83
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.2%29.4%1.13−54.9%+483%0.41—
84
VLGEAVillage Super Market, Inc. · Grocery Stores
Whole market+17.8%28.3%0.72−46.8%+96.3%0.30—
85
SHELShell plc · Integrated Oil & Gas
Whole market+21.0%24.8%0.90−67.2%+233%0.30—
86
WELLWelltower Inc. · Healthcare REITs
Whole market+26.0%23.8%1.09−63.3%+379%0.44—
87
MSMorgan Stanley · Capital Markets
Whole market+16.0%28.8%0.66−51.3%+627%0.30—
88
TTETotalEnergies SE · Integrated Oil & Gas
Whole market+18.0%25.8%0.78−59.6%+234%0.23—
89
PHParker-Hannifin Corporation · Industrial Machinery
Whole market+27.4%28.8%0.99−54.7%+789%0.42—
90
BTIBritish American Tobacco p.l.c. · Tobacco
Whole market+18.7%22.0%0.90−56.1%+98.2%0.09—
91
MOAltria Group, Inc. · Tobacco
Whole market+17.8%21.4%0.88−53.7%+140%0.40—
92
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+341%0.41—
93
WMBThe Williams Companies, Inc. · Oil & Gas Midstream
Whole market+24.6%24.0%1.04−68.1%+288%0.31—
94
MARMarriott International, Inc. · Hotels & Resorts
Whole market+22.0%28.6%0.84−61.3%+544%0.30—
95
EEni S.p.A. · Integrated Oil & Gas
Whole market+23.0%25.6%0.94−61.4%+278%0.29—
96
EPDEnterprise Products Partners L.P. · Oil & Gas Midstream
Whole market+16.4%17.1%0.98−58.1%+178%0.33—
97
BPBP p.l.c. · Integrated Oil & Gas
Whole market+16.0%28.7%0.66−63.9%+141%0.24—
98
MFCManulife Financial Corporation · Life Insurance
Whole market+22.6%24.0%0.97−57.5%+373%0.40—
99
HLTHilton Worldwide Holdings Inc. · Hotels & Resorts
Whole market+21.0%26.8%0.85−50.8%+694%0.32—
100
KMIKinder Morgan, Inc. · Oil & Gas Midstream
Whole market+18.7%22.5%0.88−55.1%+163%0.42—

GRMN against its popular alternatives

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

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

Green points earned more than GRMN 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%−40.0%−20.0%0.0%20.0%40.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityGRMN: 14.8% a year, volatility 31.6%SPY (S&P 500): 12.7% a year, volatility 17.1%AAPL: 18.4% a year, volatility 28.0%CRSR: −12.3% a year, volatility 62.4%LOGI: 5.7% a year, volatility 37.0%IRDM: 2.4% a year, volatility 46.2%SONO: −11.9% a year, volatility 48.7%QCOM: 8.2% a year, volatility 42.8%TRMB: −6.4% a year, volatility 33.5%NKE: −23.5% a year, volatility 35.8%GPRO: −34.5% a year, volatility 81.0%LULU: −24.8% a year, volatility 43.4%BC: −5.6% a year, volatility 38.3%HWM: 47.3% a year, volatility 32.5%SONY: 2.9% a year, volatility 29.2%TDY: 7.5% a year, volatility 24.5%GRMNSPY (S&P 500)AAPLCRSRLOGIIRDMSONOQCOMTRMBNKEGPROLULUBCHWMSONYTDY0.0%20.0%40.0%60.0%80.0%100%−40.0%−20.0%0.0%20.0%40.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityGRMN: 14.8% a year, volatility 31.6%SPY (S&P 500): 12.7% a year, volatility 17.1%AAPL: 18.4% a year, volatility 28.0%CRSR: −12.3% a year, volatility 62.4%LOGI: 5.7% a year, volatility 37.0%IRDM: 2.4% a year, volatility 46.2%SONO: −11.9% a year, volatility 48.7%QCOM: 8.2% a year, volatility 42.8%TRMB: −6.4% a year, volatility 33.5%NKE: −23.5% a year, volatility 35.8%GPRO: −34.5% a year, volatility 81.0%LULU: −24.8% a year, volatility 43.4%BC: −5.6% a year, volatility 38.3%HWM: 47.3% a year, volatility 32.5%SONY: 2.9% a year, volatility 29.2%TDY: 7.5% a year, volatility 24.5%GRMNSPY (S&P 500)AAPLCRSRLOGISONOTRMBNKEGPROLULUBCHWMSONYTDY
All figures
InvestmentAnnual returnVolatility
HWM Howmet Aerospace Inc.+47.3%32.5%
AAPL Apple Inc.+18.4%28.0%
GRMN This pageGarmin Ltd.+14.8%31.6%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
QCOM QUALCOMM Incorporated+8.2%42.8%
TDY Teledyne Technologies Incorporated+7.5%24.5%
LOGI Logitech International S.A.+5.7%37.0%
SONY Sony Group Corporation+2.9%29.2%
IRDM Iridium Communications Inc.+2.4%46.2%
BC Brunswick Corporation−5.6%38.3%
TRMB Trimble Inc.−6.4%33.5%
SONO Sonos, Inc.−11.9%48.7%
CRSR Corsair Gaming, Inc.−12.3%62.4%
NKE NIKE, Inc.−23.5%35.8%
LULU Lululemon Athletica Inc.−24.8%43.4%
GPRO GoPro, Inc.−34.5%81.0%
Open these 16 in EasyCompare

Has GRMN consistently beaten its popular alternatives?

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

A green cell means the alternative earned more than GRMN 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
GRMN Garmin Ltd. (this page)—+3.6%+19.1%+9.4%+45.2%+18.5%+196%+99.1%+670%31.6%0.59−54.6%—$56B—
HWM Aerospace & DefenseHowmet Aerospace Inc.0/5 short3/3 long−6.9%−22.1%−17.1%+0.1%+10.2%+391%+594%+1,028%32.5%1.36−68.9%—$84B—
AAPL Consumer ElectronicsApple Inc.2/5 short2/3 long+0.2%+4.0%+24.6%+25.6%+29.9%+99.0%+133%+1,168%28.0%0.75−38.5%—$5.0T—
CRSR Computer HardwareCorsair Gaming, Inc.4/5 short0/3 long−2.5%+39.5%+102%+119%+61.1%+1.5%−48.2%—62.4%0.09−91.1%—$1.4B—
SONY Consumer ElectronicsSony Group Corporation3/5 short0/3 long+7.3%+19.7%+18.1%−2.2%−13.2%+54.0%+15.4%+309%29.2%0.24−50.6%—$150B—
LOGI Computer HardwareLogitech International S.A.2/5 short0/3 long+5.6%+9.1%+11.0%+10.7%+0.8%+65.4%+32.1%+489%37.0%0.34−67.8%—$16B—
IRDM Telecommunications ServicesIridium Communications Inc.2/5 short0/3 long−8.9%−5.0%+5.9%+151%+140%+21.4%+12.8%+458%46.2%0.28−75.3%—$4.7B—
SONO Consumer ElectronicsSonos, Inc.2/5 short0/3 long+6.2%+14.3%+18.8%−0.7%+2.5%+55.2%−47.1%—48.7%-0.02−82.5%—$2.1B—
QCOM SemiconductorsQUALCOMM Incorporated1/5 short0/3 long−9.5%+3.7%+28.9%+3.2%+7.4%+72.4%+48.3%+239%42.8%0.40−44.3%—$188B—
TRMB Hardware, Equipment & PartsTrimble Inc.1/5 short0/3 long+7.6%+16.7%−10.6%−20.7%−20.9%+27.3%−28.2%+111%33.5%-0.03−57.4%—$14B—
NKE Apparel - Footwear & AccessoriesNIKE, Inc.1/5 short0/3 long+4.9%−11.9%−16.9%−38.6%−42.1%−60.4%−73.8%−15.5%35.8%-0.57−79.1%—$56B—
GPRO Consumer ElectronicsGoPro, Inc.1/5 short0/3 long−15.4%+61.0%−14.1%−24.7%−48.6%−57.7%−88.0%−92.5%81.0%-0.14−96.8%—$206M—
TDY Hardware, Equipment & PartsTeledyne Technologies Incorporated0/5 short0/3 long+3.7%+0.8%−2.2%+21.8%+10.5%+62.6%+43.7%+499%24.5%0.42−48.9%—$29B—
LULU Apparel - RetailLululemon Athletica Inc.0/5 short0/3 long−1.3%−14.3%−40.1%−52.6%−42.0%−74.8%−75.9%+73.0%43.4%-0.44−82.0%—$12B—
BC Auto - Recreational VehiclesBrunswick Corporation0/5 short0/3 long−0.3%−16.4%−19.3%−11.9%+6.2%−2.1%−25.2%+61.1%38.3%0.04−61.0%—$4.3B—
Open these 15 in EasyCompare

How did GRMN do year by year?

This table shows each investment's total return in every full calendar year since 2001, along with where GRMN ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with GRMN 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 GRMN; gray means the two finished within a fraction of a point. The rank row places GRMN among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of GRMN2025202420232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001
GRMN This pageGarmin Ltd.—−0.1%+63.3%+43.1%−30.2%+15.9%+25.9%+58.1%+9.8%+27.6%+36.5%−26.1%+18.3%+18.6%+6.7%+34.7%+5.1%+64.1%−79.3%+75.6%+69.5%+9.9%+12.7%+87.6%+37.4%+7.8%
Rank among alternativesTop quarter in 9 of 2511 of 152 of 154 of 159 of 159 of 1512 of 147 of 145 of 137 of 134 of 1310 of 136 of 128 of 128 of 122 of 1210 of 124 of 1210 of 112 of 101 of 103 of 109 of 102 of 101 of 105 of 10
SPY S&P 500State Street SPDR S&P 500 ETF8 of 25+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%
HWM Howmet Aerospace Inc.9 of 25+87.9%+103%+37.8%+24.2%+11.7%−7.2%+83.6%−37.5%+48.4%−11.5%−36.3%+50.9%+25.6%+2.9%−42.9%−2.8%+51.3%−67.4%+26.4%+5.5%−1.8%−14.1%+75.3%−33.1%+9.8%
AAPL Apple Inc.17 of 25+9.0%+30.7%+49.0%−26.4%+34.6%+82.3%+89.0%−5.4%+48.5%+12.5%−3.0%+40.6%+8.0%+32.6%+25.5%+53.2%+147%−56.9%+133%+18.1%+123%+201%+49.1%−34.6%+47.2%
CRSR Corsair Gaming, Inc.0 of 5−10.1%−53.1%+3.9%−35.4%−42.0%————————————————————
SONY Sony Group Corporation9 of 25+21.7%+12.4%+24.9%−39.3%+25.6%+49.7%+41.7%+8.1%+61.1%+14.8%+20.7%+19.0%+56.6%−36.7%−48.8%+24.1%+34.2%−59.3%+27.3%+5.6%+5.5%+13.0%−15.6%−8.0%−34.9%
LOGI Logitech International S.A.13 of 25+23.4%−12.0%+55.2%−22.9%−14.3%+109%+53.5%−5.7%+38.1%+68.8%+16.6%+1.7%+86.1%+5.2%−58.1%+8.4%+9.8%−57.5%+28.1%+22.3%+54.1%+42.8%+39.3%−15.4%+49.0%
IRDM Iridium Communications Inc.5 of 17−38.5%−28.1%−19.1%+24.5%+5.0%+59.6%+33.5%+56.4%+22.9%+14.3%−13.8%+56.0%−7.0%−12.8%−6.5%+2.7%−10.8%————————
SONO Sonos, Inc.3 of 7+16.8%−12.3%+1.4%−43.3%+27.4%+49.7%+59.1%——————————————————
QCOM QUALCOMM Incorporated9 of 25+13.8%+8.3%+35.1%−38.6%+22.3%+77.1%+60.8%−7.6%+1.1%+35.1%−30.6%+2.3%+22.4%+14.9%+12.3%+9.0%+31.1%−7.6%+5.5%−11.3%+2.5%+58.3%+49.1%−28.0%−38.5%
TRMB Trimble Inc.11 of 25+10.9%+32.8%+5.2%−42.0%+30.6%+60.2%+26.7%−19.0%+34.8%+40.6%−19.2%−23.5%+16.1%+37.7%+8.7%+58.5%+16.6%−28.5%+19.2%+43.0%+7.4%+33.0%+199%−23.0%−32.5%
NKE NIKE, Inc.11 of 25−13.8%−29.1%−6.0%−29.0%+18.7%+41.0%+38.1%+19.9%+24.7%−17.7%+31.4%+23.8%+54.4%+8.7%+14.5%+31.2%+32.0%−19.3%+31.4%+15.0%−3.7%+33.4%+54.9%−20.6%+1.4%
GPRO GoPro, Inc.3 of 11+29.4%−68.6%−30.3%−51.7%+24.5%+90.8%+2.4%−44.0%−13.1%−51.6%−71.5%——————————————
TDY Teledyne Technologies Incorporated12 of 25+10.0%+4.0%+11.6%−8.5%+11.5%+13.1%+67.3%+14.3%+47.3%+38.7%−13.7%+11.8%+41.2%+18.6%+24.7%+14.6%−13.9%−16.5%+32.9%+37.9%−1.1%+56.1%+20.2%−3.8%−31.1%
LULU Lululemon Athletica Inc.10 of 18−45.7%−25.2%+59.6%−18.2%+12.5%+50.2%+90.5%+54.7%+20.9%+23.9%−5.9%−5.5%−22.6%+63.4%+36.4%+127%+279%−83.2%———————
BC Brunswick Corporation12 of 25+18.1%−31.8%+36.9%−27.1%+33.8%+29.2%+31.4%−14.8%+2.5%+9.5%−0.5%+12.4%+58.7%+61.5%−3.4%+47.9%+203%−74.7%−44.9%−20.1%−16.6%+57.5%+62.9%−6.4%+35.7%
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Risk and diversification

How GRMN 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 GRMN's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents GRMN's five deepest drawdowns since it began trading in 2000, 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 GRMN fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringGRMN fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2008 financial crisis−87.7%−50.0%Oct 2007Nov 200813 monthsFeb 201910.3 years
2022 bear market−54.6%−19.7%Aug 2021Oct 202214 monthsMay 202419 months
No named crash−51.0%−3.4%Jan 2004May 20044 monthsNov 20046 months
Dot-com bust−42.7%−25.4%Feb 2001Sep 20017 monthsDec 200215 months
Covid crash−38.1%−33.7%Feb 2020Mar 20201 monthAug 20205 months

How did GRMN do in stock market crashes?

This section measures how far GRMN, 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.

Note: GRMN began trading on December 8, 2000, so its row reads "Not yet trading" for the dot-com bust. The older alternatives and the S&P 500 show how those crashes played out.

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

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
GRMN This pageGarmin Ltd.—−3.2%−40.0%−38.1%−12.9%−3.1%−20.3%−9.3%0.0%−87.7%Not yet trading
SPY S&P 500State Street SPDR S&P 500 ETF4 of 9−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
HWM Howmet Aerospace Inc.1 of 9−8.5%−20.2%−64.8%−30.8%−16.0%−38.4%−43.5%0.0%−87.3%−58.3%
AAPL Apple Inc.3 of 9−2.9%−27.4%−30.7%−36.5%−4.8%−23.4%−12.5%−4.3%−60.9%−81.2%
CRSR Corsair Gaming, Inc.0 of 2−5.4%−52.3%————————
SONY Sony Group Corporation2 of 9−3.8%−50.6%−22.9%−24.3%−9.7%−30.2%−32.0%−1.0%−72.3%−76.2%
LOGI Logitech International S.A.4 of 9−0.8%−48.3%−21.3%−35.9%−8.3%−14.3%−33.7%−3.0%−79.4%−59.0%
IRDM Iridium Communications Inc.2 of 8−1.2%−21.6%−42.4%−29.9%−4.5%−28.2%−32.9%−0.4%——
SONO Sonos, Inc.0 of 4−3.2%−55.1%−50.7%−40.3%——————
QCOM QUALCOMM Incorporated2 of 9−5.6%−41.5%−32.2%−26.8%−6.6%−30.7%−19.2%−0.5%−48.0%−84.9%
TRMB Trimble Inc.2 of 9−6.7%−38.9%−53.8%−30.9%−12.0%−20.4%−16.7%−2.4%−71.9%−87.2%
NKE NIKE, Inc.3 of 9−2.5%−49.7%−38.6%−20.8%−7.0%−17.9%−14.3%−2.4%−44.1%−39.1%
GPRO GoPro, Inc.0 of 6−3.9%−54.8%−50.4%−44.9%−3.0%−84.9%————
TDY Teledyne Technologies Incorporated2 of 9−5.0%−32.0%−48.9%−22.7%−7.6%−27.5%−16.5%−5.1%−66.2%−59.5%
LULU Lululemon Athletica Inc.1 of 9−4.2%−36.4%−47.3%−30.3%−5.3%−33.9%−29.4%−3.6%−92.2%—
BC Brunswick Corporation1 of 9−8.6%−37.9%−58.9%−36.8%−5.2%−31.4%−38.6%−3.2%−91.1%−39.0%
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How closely does GRMN 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 GRMN 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 GRMN's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
GRMN This pageGarmin Ltd.111%80%1.390.93
AAPL Apple Inc.137%94%1.461.15
IRDM Iridium Communications Inc.100%72%1.390.99
TDY Teledyne Technologies Incorporated101%81%1.241.02
HWM Howmet Aerospace Inc.142%115%1.231.41
LOGI Logitech International S.A.112%106%1.051.01
SONY Sony Group Corporation96%99%0.970.86
QCOM QUALCOMM Incorporated115%139%0.831.51
TRMB Trimble Inc.121%187%0.651.46
LULU Lululemon Athletica Inc.83%132%0.631.12
BC Brunswick Corporation117%194%0.601.60
NKE NIKE, Inc.71%155%0.461.01
GPRO GoPro, Inc.42%248%0.171.86
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What diversifies GRMN?

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

ETFs

InvestmentCorrelation5Y returnSharpe202520222015200880/20 mix volatility80/20 mix annual return
GRMN Garmin Ltd. (this page)1.00+99.1%0.59−0.1%−30.2%−26.1%−79.3%29.1%+15.5%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.35+225%1.34+32.8%+6.0%+7.7%−20.8%24.3%+18.4%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.46+101%1.04+9.7%+10.4%−25.3%—24.7%+16.1%
HDV Dividend & IncomeiShares Core High Dividend ETF0.49+83.3%1.00+11.9%+7.1%−0.3%—24.8%+15.3%
SMH TechnologyVanEck Semiconductor ETF0.23+323%0.97+49.2%−33.5%−0.3%−44.7%25.8%+21.0%
GLD CommoditiesSPDR Gold Shares0.15+126%0.96+63.7%−0.8%−10.7%+4.9%24.0%+16.9%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.29+136%0.93+26.6%−10.4%——24.8%+17.5%
XLE EnergyState Street Energy Select Sector SPDR ETF0.24+177%0.93+7.9%+64.4%−21.5%−39.0%25.1%+18.0%
DFIV InternationalDimensional - International Value ETF0.48+99.4%0.93+45.4%−3.7%——24.9%+16.1%

Stocks

InvestmentCorrelation5Y returnSharpe202520222015200880/20 mix volatility80/20 mix annual return
GRMN Garmin Ltd. (this page)1.00+99.1%0.59−0.1%−30.2%−26.1%−79.3%29.1%+15.5%
CAH Medical - DistributionCardinal Health, Inc.0.01+479%1.55+76.3%+54.1%+12.6%−39.6%23.9%+21.0%
CLS Hardware, Equipment & PartsCelestica Inc.0.24+3,143%1.47+220%+1.3%−6.0%−20.5%28.4%+33.5%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.22+1,636%1.46+121%+17.0%+67.7%−15.2%26.7%+29.6%
MCK Medical - DistributionMcKesson Corporation0.26+413%1.44+44.5%+51.8%−4.5%−40.4%25.0%+20.1%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.18+690%1.41+19.2%+86.6%+17.4%—25.3%+22.9%
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Common questions

What was GRMN's worst drawdown?

GRMN's deepest decline since it began trading in 2000 was 87.7%, from October 2007 to November 2008. It took about ten years from the low to climb back to its old high.

What were GRMN's best and worst years?

Over 25 full calendar years, GRMN's best year was 2003, when it returned 87.6%. Its worst was 2008, with a return of -79.3%.

Is there a better investment than GRMN?

Among GRMN's popular alternatives, AAPL earned more than GRMN with less volatility over the past 5 years: 18.5% a year at 28.0% volatility, against 14.8% a year at 31.6%. Looking beyond its popular alternatives, CSCO (communications equipment) and RTX (avionics theme) earned more than GRMN with less volatility over the past 5 years. CSCO returned 16.8% a year at 26.1% volatility, against 14.8% a year at 31.6%.

Is GRMN more volatile than the S&P 500?

Yes. GRMN's volatility over the past 5 years was 31.6%, 1.8 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, GRMN's return lands within 31.6% 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 GRMN's Sharpe ratio?

GRMN's Sharpe ratio over the past 5 years was 0.59, against 0.79 for the S&P 500, so GRMN 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 GRMN with the S&P 500?

Over the past 5 years, GRMN's monthly returns had a correlation of 0.44 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 GRMN instead: the lower it is, the more that option would diversify a GRMN holding.

What are the best alternatives to GRMN?

None of the 14 popular alternatives we compared outperformed GRMN in at least 3 of 5 short-term and 2 of 3 long-term timeframes, which says more about GRMN's strength than about its alternatives.

Did GRMN outperform the S&P 500?

GRMN finished ahead of the S&P 500 (SPY) in 17 of 25 full calendar years. In 2025, it returned -0.1%, against +17.7% for the index.

How did GRMN do in stock market crashes?

GRMN fell less than the S&P 500 (SPY) in four of the nine major crashes it has traded through, and further in four. The clearest case was the 2011 euro debt crisis, when GRMN fell 9.3% and the S&P 500 fell 17.9%.

What diversifies GRMN?

These had a low correlation with GRMN over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.35), EMLP (correlation 0.46) and HDV (correlation 0.49); among large stocks, CAH (correlation 0.01), CLS (correlation 0.24) and FIX (correlation 0.22). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to GRMN

Other stocks and ETFs