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Relative Intelligence · Semiconductors

How Microchip Technology (MCHP) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on MCHP alone. It places MCHP (Microchip Technology Incorporated) 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 MCHP stands in the market, and of the alternatives worth a closer look.

Period covered: MCHP's full trading record, from March 1993 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 MCHP →Chart MCHP vs. 22 alternatives →
On this page12 sections

Key findings

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

This chart tracks a hypothetical $10,000 investment in MCHP over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of MCHP over the same span and MCHP'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. 275 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of MCHP; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000199720022007201220172022$1,000$10,000$100,00019972004201120182025
  • AMAT$594,575+5,846% total · +15.1% a year
  • MSFT$508,386+4,984% total · +14.5% a year
  • ADI$385,909+3,759% total · +13.4% a year
  • DIOD$373,720+3,637% total · +13.3% a year
  • TXN$277,580+2,676% total · +12.1% a year
  • MCHP$217,246+2,072% total · +11.2% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • LSCC$77,161+672% total · +7.3% a year
  • STM$56,167+462% total · +6.1% a year
  • VSH$39,124+291% total · +4.8% a year
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From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 2,261 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of MCHP; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000$60,000202120222023202420252026$0$20,000$40,000$60,000202120222023202420252026
  • MTSI$43,907+339% total · +34.4% a year
  • TSM$43,622+336% total · +34.3% a year
  • AMAT$41,406+314% total · +32.9% a year
  • ADI$25,751+158% total · +20.8% a year
  • KEYS$22,159+122% total · +17.2% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • ON$16,795+68.0% total · +10.9% a year
  • TXN$16,791+67.9% total · +10.9% a year
  • SLAB$15,810+58.1% total · +9.6% a year
  • MCHP$11,301+13.0% total · +2.5% a year
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MCHP 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
$41B
Industry
Semiconductors
Price history from
March 1993

Returns

Past 1 year
+16.0%total return
Past 3 years
+8.5%+2.8% a year
Past 5 years
+13.0%+2.5% a year
Past 10 years
+207%+11.9% a year
Best calendar year
+85.0%1999
Worst calendar year
−35.0%2024
Losing years
10 of 29full calendar years

Risk

Volatility
45.9%typical yearly swing, 5 years
Sharpe ratio
0.28return per unit of risk, 5 years
Worst decline ever
−63.8%May 2024 to Apr 2025
From its all-time high
−25.7%below the peak

MCHP against the whole market

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

How does MCHP rank among all stocks?

This section ranks MCHP 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 MCHP 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.

MeasureMCHPRankStanding
1-year return+16.0%1,366 of 3,287top 42%
3-year return+8.5%2,182 of 3,017bottom 29%
5-year return+13.0%1,556 of 2,893bottom 47%
10-year return+207%836 of 2,202top 38%
Volatility, 5 years45.9%1,739 of 2,893bottom 41%
Sharpe ratio, 5 years0.281,626 of 2,893bottom 45%
Worst decline, past 10 years−63.8%1,032 of 2,187top 47%

What has beaten MCHP 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). MCHP sits where the dashed lines cross. Anything in the green box above and to the left earned more than MCHP 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 MCHP; faint dots are 91 more of the 1,690 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.

−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%−10.0%0.0%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 MCHPQQQ: +14.5% a year, volatility 23.0%VTV: +12.1% a year, volatility 13.7%SGOV: +3.8% a year, volatility 0.3%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%PGR: +21.3% a year, volatility 25.6%CB: +15.7% a year, volatility 20.4%VIG: +10.4% a year, volatility 14.1%TRV: +22.4% a year, volatility 22.3%SCHD: +9.7% a year, volatility 14.3%VT: +10.3% a year, volatility 16.2%CME: +11.2% a year, volatility 20.8%JAAA: +5.1% a year, volatility 1.7%RSG: +13.9% a year, volatility 18.5%RY: +17.3% a year, volatility 18.2%ADP: +9.0% a year, volatility 22.9%RSP: +8.2% a year, volatility 16.1%ORLY: +15.9% a year, volatility 23.4%WM: +9.3% a year, volatility 19.2%ESLT: +39.8% a year, volatility 34.6%CCEP: +19.7% a year, volatility 23.2%ALL: +17.0% a year, volatility 26.2%FAST: +15.8% a year, volatility 24.6%SCHG: +13.1% a year, volatility 22.4%ITW: +6.7% a year, volatility 21.4%CBOE: +21.5% a year, volatility 25.1%XLV: +8.4% a year, volatility 15.3%NDAQ: +8.9% a year, volatility 24.7%WRB: +18.9% a year, volatility 22.9%RS: +24.8% a year, volatility 28.1%GOOG: +19.0% a year, volatility 32.0%WCN: +6.1% a year, volatility 20.0%FCNCA: +20.4% a year, volatility 41.4%SPHQ: +12.0% a year, volatility 16.7%LLY: +40.7% a year, volatility 32.8%RNR: +20.1% a year, volatility 27.8%MTUM: +10.9% a year, volatility 22.1%MUSA: +26.1% a year, volatility 31.2%IOO: +15.7% a year, volatility 17.2%AMZN: +9.0% a year, volatility 36.6%MOAT: +9.1% a year, volatility 18.4%THG: +14.4% a year, volatility 22.9%NHC: +32.0% a year, volatility 28.5%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%RSPT: +16.9% a year, volatility 25.1%HRB: +18.3% a year, volatility 34.9%TDIV: +16.2% a year, volatility 21.3%JNJ: +12.7% a year, volatility 17.9%VRIG: +4.7% a year, volatility 1.3%IWX: +12.7% a year, volatility 13.8%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%BALT: +6.3% a year, volatility 3.3%CVX: +19.5% a year, volatility 25.2%WTV: +13.4% a year, volatility 17.0%VXUS: +8.2% a year, volatility 16.4%NIC: +19.0% a year, volatility 30.1%MUFG: +33.2% a year, volatility 29.4%MA: +12.4% a year, volatility 23.8%EQWL: +11.6% a year, volatility 15.0%PM: +21.0% a year, volatility 23.4%SMLF: +10.0% a year, volatility 21.0%MCK: +38.7% a year, volatility 25.0%OTTR: +11.4% a year, volatility 27.6%MRK: +16.3% a year, volatility 24.8%NVS: +17.1% a year, volatility 20.7%INSW: +56.5% a year, volatility 40.5%FLRT: +6.0% a year, volatility 2.3%APH: +33.8% a year, volatility 32.2%RTX: +18.6% a year, volatility 24.3%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%TD: +15.8% a year, volatility 20.0%BFC: +19.0% a year, volatility 27.3%IBKR: +35.4% a year, volatility 35.4%XOM: +27.1% a year, volatility 26.5%MFG: +33.6% a year, volatility 30.6%SCCO: +32.0% a year, volatility 40.7%IBM: +16.6% a year, volatility 30.5%FBNC: +7.7% a year, volatility 32.1%FEX: +10.1% a year, volatility 16.5%RBCAA: +14.8% a year, volatility 27.9%SMFG: +33.7% a year, volatility 29.4%PH: +27.4% a year, volatility 28.8%BHP: +16.6% a year, volatility 31.4%EXI: +10.6% a year, volatility 17.3%C: +15.1% a year, volatility 29.4%SENEA: +25.2% a year, volatility 36.4%PTNQ: +9.7% a year, volatility 14.1%MCHP: +2.5% a year, volatility 45.9%SPY (S&P 500): +12.7% a year, volatility 17.1%TSM: +31.5% a year, volatility 38.5%ADI: +19.5% a year, volatility 34.1%TXN: +9.9% a year, volatility 33.7%KEYS: +13.9% a year, volatility 34.5%AMAT: +25.8% a year, volatility 47.4%TEL: +9.5% a year, volatility 28.7%MSFT: +12.5% a year, volatility 28.2%MSI: +14.8% a year, volatility 23.6%AAPL: +18.5% a year, volatility 28.0%ANET: +49.0% a year, volatility 49.0%DSGX: +1.8% a year, volatility 31.8%ORCL: +7.7% a year, volatility 44.3%VTI: +11.5% a year, volatility 17.5%VOO: +12.8% a year, volatility 16.9%BRK-B: +13.4% a year, volatility 17.1%V: +12.8% a year, volatility 22.9%KO: +14.7% a year, volatility 16.8%COST: +17.4% a year, volatility 22.9%VTIP: +2.7% a year, volatility 2.9%FRO: +52.6% a year, volatility 49.7%CAH: +42.1% a year, volatility 24.7%ATI: +61.8% a year, volatility 42.9%MCHPSPY (S&P 500)TSMADITXNKEYSAMATTELMSFTAAPLANETDSGXORCLVTIKOCOSTVTIPFROCAHATI−20.0%0.0%20.0%40.0%60.0%−20.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than MCHPQQQ: +14.5% a year, volatility 23.0%VTV: +12.1% a year, volatility 13.7%SGOV: +3.8% a year, volatility 0.3%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%PGR: +21.3% a year, volatility 25.6%CB: +15.7% a year, volatility 20.4%VIG: +10.4% a year, volatility 14.1%TRV: +22.4% a year, volatility 22.3%SCHD: +9.7% a year, volatility 14.3%VT: +10.3% a year, volatility 16.2%CME: +11.2% a year, volatility 20.8%JAAA: +5.1% a year, volatility 1.7%RSG: +13.9% a year, volatility 18.5%RY: +17.3% a year, volatility 18.2%ADP: +9.0% a year, volatility 22.9%RSP: +8.2% a year, volatility 16.1%ORLY: +15.9% a year, volatility 23.4%WM: +9.3% a year, volatility 19.2%ESLT: +39.8% a year, volatility 34.6%CCEP: +19.7% a year, volatility 23.2%ALL: +17.0% a year, volatility 26.2%FAST: +15.8% a year, volatility 24.6%SCHG: +13.1% a year, volatility 22.4%ITW: +6.7% a year, volatility 21.4%CBOE: +21.5% a year, volatility 25.1%XLV: +8.4% a year, volatility 15.3%NDAQ: +8.9% a year, volatility 24.7%WRB: +18.9% a year, volatility 22.9%RS: +24.8% a year, volatility 28.1%GOOG: +19.0% a year, volatility 32.0%WCN: +6.1% a year, volatility 20.0%FCNCA: +20.4% a year, volatility 41.4%SPHQ: +12.0% a year, volatility 16.7%LLY: +40.7% a year, volatility 32.8%RNR: +20.1% a year, volatility 27.8%MTUM: +10.9% a year, volatility 22.1%MUSA: +26.1% a year, volatility 31.2%IOO: +15.7% a year, volatility 17.2%AMZN: +9.0% a year, volatility 36.6%MOAT: +9.1% a year, volatility 18.4%THG: +14.4% a year, volatility 22.9%NHC: +32.0% a year, volatility 28.5%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%RSPT: +16.9% a year, volatility 25.1%HRB: +18.3% a year, volatility 34.9%TDIV: +16.2% a year, volatility 21.3%JNJ: +12.7% a year, volatility 17.9%VRIG: +4.7% a year, volatility 1.3%IWX: +12.7% a year, volatility 13.8%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%BALT: +6.3% a year, volatility 3.3%CVX: +19.5% a year, volatility 25.2%WTV: +13.4% a year, volatility 17.0%VXUS: +8.2% a year, volatility 16.4%NIC: +19.0% a year, volatility 30.1%MUFG: +33.2% a year, volatility 29.4%MA: +12.4% a year, volatility 23.8%EQWL: +11.6% a year, volatility 15.0%PM: +21.0% a year, volatility 23.4%SMLF: +10.0% a year, volatility 21.0%MCK: +38.7% a year, volatility 25.0%OTTR: +11.4% a year, volatility 27.6%MRK: +16.3% a year, volatility 24.8%NVS: +17.1% a year, volatility 20.7%INSW: +56.5% a year, volatility 40.5%FLRT: +6.0% a year, volatility 2.3%APH: +33.8% a year, volatility 32.2%RTX: +18.6% a year, volatility 24.3%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%TD: +15.8% a year, volatility 20.0%BFC: +19.0% a year, volatility 27.3%IBKR: +35.4% a year, volatility 35.4%XOM: +27.1% a year, volatility 26.5%MFG: +33.6% a year, volatility 30.6%SCCO: +32.0% a year, volatility 40.7%IBM: +16.6% a year, volatility 30.5%FBNC: +7.7% a year, volatility 32.1%FEX: +10.1% a year, volatility 16.5%RBCAA: +14.8% a year, volatility 27.9%SMFG: +33.7% a year, volatility 29.4%PH: +27.4% a year, volatility 28.8%BHP: +16.6% a year, volatility 31.4%EXI: +10.6% a year, volatility 17.3%C: +15.1% a year, volatility 29.4%SENEA: +25.2% a year, volatility 36.4%PTNQ: +9.7% a year, volatility 14.1%MCHP: +2.5% a year, volatility 45.9%SPY (S&P 500): +12.7% a year, volatility 17.1%TSM: +31.5% a year, volatility 38.5%ADI: +19.5% a year, volatility 34.1%TXN: +9.9% a year, volatility 33.7%KEYS: +13.9% a year, volatility 34.5%AMAT: +25.8% a year, volatility 47.4%TEL: +9.5% a year, volatility 28.7%MSFT: +12.5% a year, volatility 28.2%MSI: +14.8% a year, volatility 23.6%AAPL: +18.5% a year, volatility 28.0%ANET: +49.0% a year, volatility 49.0%DSGX: +1.8% a year, volatility 31.8%ORCL: +7.7% a year, volatility 44.3%VTI: +11.5% a year, volatility 17.5%VOO: +12.8% a year, volatility 16.9%BRK-B: +13.4% a year, volatility 17.1%V: +12.8% a year, volatility 22.9%KO: +14.7% a year, volatility 16.8%COST: +17.4% a year, volatility 22.9%VTIP: +2.7% a year, volatility 2.9%FRO: +52.6% a year, volatility 49.7%CAH: +42.1% a year, volatility 24.7%ATI: +61.8% a year, volatility 42.9%MCHPSPY (S&P 500)TSMADIAMATAAPLANETDSGXORCLVTIVTIPFROCAHATI
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than MCHP?

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

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

Screen the whole market against MCHP for any period in BetterThanSPYOpen these 21 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 MCHP?lower diversifies moreExpenseper year
MCHPMicrochip Technology Incorporated · this page
+2.5%45.9%0.28−63.8%+207%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 6 shownThe investments people most often weigh against MCHP. 14 of 21 passed at least one test.
TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+31.5%38.5%0.91−56.6%+1,505%0.58—
ADIAnalog Devices, Inc. · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+19.5%34.1%0.69−33.6%+652%0.80—
TXNTexas Instruments Incorporated · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+9.9%33.7%0.45−33.4%+424%0.81—
KEYSKeysight Technologies, Inc. · Electronic Equipment
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+13.9%34.5%0.55−42.6%+923%0.47—
AMATApplied Materials, Inc. · Semiconductor Equipment
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+25.8%47.4%0.72−55.1%+1,488%0.50—
TELTE Connectivity plc · Electronic Components
Higher return, lower volatilityHigher Sharpe, smaller worst decline+9.5%28.7%0.46−47.7%+311%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 MCHP's specific themes. 80 of 128 passed at least one test.
MSFTMicrosoft Corporation · Software
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+12.5%28.2%0.56−37.1%+946%0.30—
MSIMotorola Solutions, Inc. · Communications Equipment
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+14.8%23.6%0.71−32.8%+625%0.29—
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%0.30—
ANETArista Networks, Inc. · Communications Equipment
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+49.0%49.0%1.06−52.2%+3,439%0.44—
DSGXThe Descartes Systems Group Inc. · Application Software
Similar return, lower volatilityHigher return in most periods+1.8%31.8%0.21−48.7%+324%0.16—
ORCLOracle Corporation · Enterprise Software
Higher return, similar volatilitySmaller losses in recent crashes+7.7%44.3%0.38−64.6%+300%0.34—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 2,077 of 3,484 passed at least one test.
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+11.5%17.5%0.71−35.0%+302%0.630.03%
VOOVanguard S&P 500 ETF · US Large-Cap Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+12.8%16.9%0.80−34.0%+324%0.630.03%
BRK-BBerkshire Hathaway Inc. · Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+13.4%17.1%0.82−29.6%+274%0.10—
VVisa Inc. · Payment Processing
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+12.8%22.9%0.64−36.4%+429%0.28—
KOThe Coca-Cola Company · Food & Beverages
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+14.7%16.8%0.91−37.0%+204%0.09—
COSTCostco Wholesale Corporation · Discount Retail
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+17.4%22.9%0.82−31.4%+685%0.32—
VTIPVanguard Short-Term Inflation-Protected Securities ETF · Treasury Bonds
Similar return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+2.7%2.9%0.94−6.3%+32.7%0.280.03%
FROFrontline Plc · Oil & Gas
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+52.6%49.7%1.10−52.0%+1,194%0.12—
What these numbers mean for MCHP
Annual return
MCHP returned 2.5% 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 $11,300. 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
MCHP's volatility over the past 5 years was 45.9%, 2.7 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, MCHP's return lands within 45.9% 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
MCHP's Sharpe ratio over the past 5 years was 0.28, against 0.79 for the S&P 500, so MCHP 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
MCHP's worst fall from a peak to a low over the past 10 years was 63.8%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 63.8% fall takes a 176% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, MCHP'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 MCHP instead: the lower it is, the more that option would diversify a MCHP holding. Guide: Correlation and diversification →
Show all 1,690 stocks and funds worth at least $500 million that earned more than MCHP 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 MCHPExpense
1
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Whole market+11.5%17.5%0.71−35.0%+302%0.630.03%
2
VOOVanguard S&P 500 ETF · US Large-Cap Equity
Whole market+12.8%16.9%0.80−34.0%+324%0.630.03%
3
BRK-BBerkshire Hathaway Inc. · Insurance
Whole market+13.4%17.1%0.82−29.6%+274%0.10—
4
VVisa Inc. · Payment Processing
Whole market+12.8%22.9%0.64−36.4%+429%0.28—
5
KOThe Coca-Cola Company · Food & Beverages
Whole market+14.7%16.8%0.91−37.0%+204%0.09—
6
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+685%0.32—
7
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Whole market+14.5%23.0%0.71−35.1%+553%0.660.18%
8
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Whole market+12.1%13.7%0.90−36.8%+235%0.500.03%
9
SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bonds
Whole market+3.8%0.3%13.25−0.3%—-0.010.09%
10
LINLinde plc · Chemicals
Whole market+11.5%20.9%0.63−32.6%+394%0.48—
11
VGTVanguard Information Technology ETF · Technology Equity
Whole market+18.4%26.0%0.78−35.1%+779%0.640.09%
12
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.05—
13
CBChubb Limited · Property & Casualty Insurance
Whole market+15.7%20.4%0.82−42.6%+248%0.04—
14
VIGVanguard Dividend Appreciation ETF · US Dividend Equity
Whole market+10.4%14.1%0.78−31.7%+258%0.530.04%
15
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.00—
16
SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity
Whole market+9.7%14.3%0.72−33.4%+252%0.440.06%
17
VTVanguard Total World Stock ETF · Global Equity
Whole market+10.3%16.2%0.69−34.2%+223%0.660.06%
18
CMECME Group Inc. · Capital Markets
Whole market+11.2%20.8%0.62−37.4%+319%-0.12—
19
JAAAJanus Henderson AAA CLO ETF · CLO Bonds
Whole market+5.1%1.7%2.98−2.6%—0.220.20%
20
RSGRepublic Services, Inc. · Environmental Services
Whole market+13.9%18.5%0.80−34.0%+446%0.12—
21
RYRoyal Bank of Canada · Banks
Whole market+17.3%18.2%0.97−40.0%+352%0.44—
22
ADPAutomatic Data Processing, Inc. · Business Services
Whole market+9.0%22.9%0.49−40.8%+320%0.27—
23
RSPInvesco S&P 500 Equal Weight ETF · US Large-Cap Equity
Whole market+8.2%16.1%0.57−39.0%+211%0.560.20%
24
ORLYO'Reilly Automotive, Inc. · Specialty Retail
Whole market+15.9%23.4%0.75−42.0%+393%0.12—
25
WMWaste Management, Inc. · Environmental Services
Whole market+9.3%19.2%0.56−30.1%+344%0.19—
26
ESLTElbit Systems Ltd. · Aerospace & Defense
Whole market+39.8%34.6%1.15−35.4%+765%-0.07—
27
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+292%0.22—
28
ALLThe Allstate Corporation · Property & Casualty Insurance
Whole market+17.0%26.2%0.73−41.4%+356%-0.04—
29
FASTFastenal Company · Industrial Distribution
Whole market+15.8%24.6%0.72−30.7%+576%0.26—
30
SCHGSchwab U.S. Large-Cap Growth ETF · US Large-Cap Growth
Whole market+13.1%22.4%0.67−34.5%+451%0.570.04%
31
MSFTMicrosoft Corporation · Software
Same or nearby category+12.5%28.2%0.56−37.1%+946%0.30—
32
ITWIllinois Tool Works Inc. · Industrial Machinery
Whole market+6.7%21.4%0.41−37.9%+208%0.40—
33
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.08—
34
CBOECboe Global Markets, Inc. · Capital Markets
Whole market+21.5%25.1%0.91−43.2%+463%0.02—
35
XLVState Street Health Care Select Sector SPDR ETF · Health Care Equity
Whole market+8.4%15.3%0.60−28.4%+202%0.160.08%
36
NDAQNasdaq, Inc. · Capital Markets
Whole market+8.9%24.7%0.47−38.3%+407%0.29—
37
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Whole market+18.9%22.9%0.87−45.3%+443%-0.05—
38
RSReliance Steel & Aluminum Co. · Metals & Mining
Whole market+24.8%28.1%0.93−40.8%+626%0.46—
39
GOOGAlphabet Inc. · Internet Services
Whole market+19.0%32.0%0.71−44.6%+752%0.39—
40
WCNWaste Connections, Inc. · Environmental Services
Whole market+6.1%20.0%0.40−31.6%+270%0.17—
41
FCNCAFirst Citizens BancShares, Inc. · Regional Banks
Whole market+20.4%41.4%0.64−47.5%+662%0.22—
42
SPHQInvesco S&P 500 Quality ETF · US Quality Equity
Whole market+12.0%16.7%0.76−31.6%+300%0.610.20%
43
LLYEli Lilly and Company · Pharmaceuticals
Whole market+40.7%32.8%1.21−34.5%+1,807%-0.05—
44
RNRRenaissanceRe Holdings Ltd. · Insurance
Whole market+20.1%27.8%0.80−40.7%+215%0.12—
45
MTUMiShares MSCI USA Momentum Factor ETF · US Momentum Equity
Whole market+10.9%22.1%0.58−34.1%+336%0.560.15%
46
MUSAMurphy USA Inc. · Convenience Stores
Whole market+26.1%31.2%0.90−35.5%+706%0.04—
47
IOOiShares Global 100 ETF · Global Equity
Whole market+15.7%17.2%0.94−31.4%+361%0.610.40%
48
AMZNAmazon.com, Inc. · E-Commerce
Whole market+9.0%36.6%0.42−56.1%+548%0.42—
49
MOATVanEck Morningstar Wide Moat ETF · US Large-Cap Equity
Whole market+9.1%18.4%0.57−33.3%+276%0.510.46%
50
MSIMotorola Solutions, Inc. · Communications Equipment
Same or nearby category+14.8%23.6%0.71−32.8%+625%0.29—
51
THGThe Hanover Insurance Group, Inc. · Property & Casualty Insurance
Whole market+14.4%22.9%0.70−40.1%+291%0.05—
52
NHCNational HealthCare Corporation · Medical - Care Facilities
Whole market+32.0%28.5%1.12−35.3%+394%0.17—
53
JPMJPMorgan Chase & Co. · Banks
Whole market+17.3%24.3%0.78−43.6%+537%0.37—
54
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.01—
55
RSPTInvesco S&P 500 Equal Weight Technology ETF · Technology Equity
Whole market+16.9%25.1%0.75−33.7%+572%0.690.40%
56
HRBH&R Block, Inc. · Tax Preparation
Whole market+18.3%34.9%0.65−57.7%+206%0.09—
57
TDIVFirst Trust NASDAQ Technology Dividend Index Fund · Technology Equity
Whole market+16.2%21.3%0.81−32.0%+388%0.710.50%
58
JNJJohnson & Johnson · Pharmaceuticals
Whole market+12.7%17.9%0.76−27.4%+196%0.00—
59
VRIGInvesco Variable Rate Investment Grade ETF · Bonds
Whole market+4.7%1.3%3.51−13.1%+40.5%0.140.30%
60
IWXiShares Russell Top 200 Value ETF · Broad Market
Whole market+12.7%13.8%0.94−35.8%+221%0.520.20%
61
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.340.48%
62
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.320.40%
63
BALTInnovator Defined Wealth Shield ETF · Crypto
Whole market+6.3%3.3%1.85−4.9%—0.490.69%
64
CVXChevron Corporation · Integrated Oil & Gas
Whole market+19.5%25.2%0.84−55.8%+238%0.12—
65
WTVWisdomTree U.S. Value Fund · Broad Market
Whole market+13.4%17.0%0.83−42.2%+303%0.490.12%
66
VXUSVanguard Total International Stock ETF · International Equity
Whole market+8.2%16.4%0.57−36.0%+140%0.640.05%
67
NICNicolet Bankshares, Inc. · Banks - Regional
Whole market+19.0%30.1%0.73−44.3%+344%0.25—
68
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.2%29.4%1.13−54.9%+483%0.20—
69
MAMastercard Incorporated · Payment Processing
Whole market+12.4%23.8%0.61−41.0%+541%0.20—
70
EQWLInvesco S&P 100 Equal Weight ETF · Broad Market
Whole market+11.6%15.0%0.81−34.3%+291%0.580.30%
71
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.19—
72
SMLFiShares U.S. Small-Cap Equity Factor ETF · US Small-Cap Equity
Whole market+10.0%21.0%0.56−41.9%+206%0.560.15%
73
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%-0.08—
74
OTTROtter Tail Corporation · Conglomerates
Whole market+11.4%27.6%0.53−41.5%+242%0.17—
75
MRKMerck & Co., Inc. · Pharmaceuticals
Whole market+16.3%24.8%0.74−43.4%+241%-0.17—
76
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+226%0.22—
77
INSWInternational Seaways, Inc. · Oil & Gas
Whole market+56.5%40.5%1.31−57.4%—0.08—
78
FLRTPacer Aristotle Pacific Floating Rate High Income ETF · Financials
Whole market+6.0%2.3%2.55−21.0%+58.0%0.320.60%
79
APHAmphenol Corporation · Electronic Components
Whole market+33.8%32.2%1.07−37.5%+965%0.57—
80
RTXRTX Corporation · Aerospace & Defense
Whole market+18.6%24.3%0.83−52.0%+317%-0.02—
81
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.09—
82
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.13—
83
VEAVanguard FTSE Developed Markets ETF · Developed International Equity
Whole market+9.3%16.9%0.61−35.8%+153%0.620.03%
84
TDThe Toronto-Dominion Bank · Banks
Whole market+15.8%20.0%0.84−42.0%+310%0.52—
85
BFCBank First Corporation · Banks - Regional
Whole market+19.0%27.3%0.78−39.8%+496%0.30—
86
IBKRInteractive Brokers Group, Inc. · Investment Banking & Brokerage
Whole market+35.4%35.4%1.04−55.1%+935%0.39—
87
XOMExxonmobil Holdings Corporation · Integrated Oil & Gas
Whole market+27.1%26.5%1.04−61.0%+214%-0.01—
88
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.6%30.6%1.10−45.7%+345%0.28—
89
SCCOSouthern Copper Corporation · Metals & Mining
Whole market+32.0%40.7%0.89−55.3%+1,017%0.44—
90
IBMInternational Business Machines Corporation · IT Services
Whole market+16.6%30.5%0.66−41.1%+151%0.18—
91
FBNCFirst Bancorp · Banks - Regional
Whole market+7.7%32.1%0.39−54.1%+269%0.24—
92
FEXFirst Trust Large Cap Core AlphaDEX Fund · Broad Market
Whole market+10.1%16.5%0.67−39.5%+237%0.590.57%
93
RBCAARepublic Bancorp, Inc. · Banks - Regional
Whole market+14.8%27.9%0.64−44.7%+318%0.17—
94
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+474%0.27—
95
PHParker-Hannifin Corporation · Industrial Machinery
Whole market+27.4%28.8%0.99−54.7%+789%0.40—
96
BHPBHP Group Limited · Metals & Mining
Whole market+16.6%31.4%0.65−44.3%+398%0.49—
97
EXIiShares Global Industrials ETF · Industrials
Whole market+10.6%17.3%0.67−39.6%+203%0.650.38%
98
CCitigroup Inc. · Banks
Whole market+15.1%29.4%0.63−56.5%+234%0.50—
99
SENEASeneca Foods Corporation · Packaged Foods
Whole market+25.2%36.4%0.81−51.3%+455%-0.21—
100
PTNQPacer Trendpilot 100 ETF · Technology
Whole market+9.7%14.1%0.73−28.1%+305%0.540.65%

MCHP against its popular alternatives

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

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

Green points earned more than MCHP 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%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityMCHP: 2.5% a year, volatility 45.9%SPY (S&P 500): 12.7% a year, volatility 17.1%ADI: 19.5% a year, volatility 34.1%TXN: 9.9% a year, volatility 33.7%TSM: 31.5% a year, volatility 38.5%KEYS: 13.9% a year, volatility 34.5%STM: 2.2% a year, volatility 47.7%DIOD: −1.1% a year, volatility 50.0%TEL: 9.5% a year, volatility 28.7%AVGO: 48.3% a year, volatility 44.5%NXPI: 5.7% a year, volatility 42.3%SYNA: −7.8% a year, volatility 54.7%ALGM: 1.1% a year, volatility 53.4%POWI: −12.9% a year, volatility 46.6%SLAB: 8.1% a year, volatility 48.3%AMAT: 25.8% a year, volatility 47.4%MTSI: 32.0% a year, volatility 47.3%ON: 10.7% a year, volatility 55.9%VSH: 10.3% a year, volatility 47.2%MPWR: 20.9% a year, volatility 55.4%LSCC: 9.6% a year, volatility 56.3%SITM: 17.5% a year, volatility 77.8%SWKS: −10.8% a year, volatility 42.9%MCHPSPY (S&P 500)ADITXNTSMKEYSDIODTELAVGONXPISYNAALGMPOWISLABAMATMTSIONVSHMPWRLSCCSITMSWKS0.0%20.0%40.0%60.0%80.0%−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 volatilityMCHP: 2.5% a year, volatility 45.9%SPY (S&P 500): 12.7% a year, volatility 17.1%ADI: 19.5% a year, volatility 34.1%TXN: 9.9% a year, volatility 33.7%TSM: 31.5% a year, volatility 38.5%KEYS: 13.9% a year, volatility 34.5%STM: 2.2% a year, volatility 47.7%DIOD: −1.1% a year, volatility 50.0%TEL: 9.5% a year, volatility 28.7%AVGO: 48.3% a year, volatility 44.5%NXPI: 5.7% a year, volatility 42.3%SYNA: −7.8% a year, volatility 54.7%ALGM: 1.1% a year, volatility 53.4%POWI: −12.9% a year, volatility 46.6%SLAB: 8.1% a year, volatility 48.3%AMAT: 25.8% a year, volatility 47.4%MTSI: 32.0% a year, volatility 47.3%ON: 10.7% a year, volatility 55.9%VSH: 10.3% a year, volatility 47.2%MPWR: 20.9% a year, volatility 55.4%LSCC: 9.6% a year, volatility 56.3%SITM: 17.5% a year, volatility 77.8%SWKS: −10.8% a year, volatility 42.9%MCHPSPY (S&P 500)ADITSMSTMDIODAVGONXPISYNAPOWISLABAMATMTSIONMPWRSITMSWKS
All figures
InvestmentAnnual returnVolatility
AVGO Broadcom Inc.+48.3%44.5%
MTSI MACOM Technology Solutions Holdings, Inc.+32.0%47.3%
TSM Taiwan Semiconductor Manufacturing Company Limited+31.5%38.5%
AMAT Applied Materials, Inc.+25.8%47.4%
MPWR Monolithic Power Systems, Inc.+20.9%55.4%
ADI Analog 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%
ON ON Semiconductor Corporation+10.7%55.9%
VSH Vishay Intertechnology, Inc.+10.3%47.2%
TXN Texas Instruments Incorporated+9.9%33.7%
LSCC Lattice Semiconductor Corporation+9.6%56.3%
TEL TE Connectivity plc+9.5%28.7%
SLAB Silicon Laboratories Inc.+8.1%48.3%
NXPI NXP Semiconductors N.V.+5.7%42.3%
MCHP This pageMicrochip 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%
Open these 23 in EasyCompare

Has MCHP consistently beaten its popular alternatives?

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

A green cell means the alternative earned more than MCHP 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
MCHP Microchip Technology Incorporated (this page)—+1.4%−5.2%−4.6%+18.6%+16.0%+8.5%+13.0%+207%45.9%0.28−63.8%—$41B—
ADI QualifiedAnalog Devices, Inc.5/5 short3/3 longAll-weather+3.7%+6.9%+4.8%+46.3%+63.3%+150%+144%+652%34.1%0.69−33.6%—$192B—
TXN QualifiedTexas Instruments Incorporated5/5 short3/3 longAll-weather+2.6%−1.7%+20.1%+59.1%+58.7%+105%+60.5%+424%33.7%0.45−33.4%—$254B—
TSM QualifiedTaiwan Semiconductor Manufacturing Company Limited4/5 short3/3 longAll-weather−4.5%+5.9%+16.6%+34.0%+44.3%+382%+293%+1,505%38.5%0.91−56.6%—$2.2T—
KEYS QualifiedKeysight Technologies, Inc.4/5 short3/3 longAll-weather−2.3%+6.4%−0.3%+61.8%+103%+172%+91.9%+923%34.5%0.55−42.6%—$57B—
SLAB QualifiedSilicon Laboratories Inc.4/5 short3/3 longAll-weather+0.1%+1.7%+3.3%+67.6%+60.8%+115%+47.7%+277%48.3%0.39−59.0%—$7.4B—
AMAT QualifiedApplied Materials, Inc.3/5 short3/3 long−12.8%−22.9%+3.7%+51.2%+78.5%+209%+215%+1,488%47.4%0.72−55.1%—$321B—
MTSI QualifiedMACOM Technology Solutions Holdings, Inc.3/5 short3/3 long−5.8%−2.5%−6.5%+50.3%+87.4%+249%+302%+588%47.3%0.83−80.8%—$20B—
ON QualifiedON Semiconductor Corporation3/5 short2/3 long+5.4%−12.8%−11.6%+33.4%+37.8%−10.9%+66.0%+540%55.9%0.46−70.4%—$29B—
STM QualifiedSTMicroelectronics N.V.3/5 short2/3 long−11.2%−25.8%+3.3%+68.2%+52.9%+18.8%+11.6%+525%47.7%0.28−66.6%—$41B—
DIOD QualifiedDiodes Incorporated3/5 short2/3 long−5.9%−2.2%−11.7%+66.0%+49.4%+14.1%−5.6%+324%50.0%0.23−69.5%—$3.9B—
VSH QualifiedVishay Intertechnology, Inc.3/5 short2/3 long−12.4%−23.3%+9.0%+88.8%+66.1%+32.0%+62.9%+146%47.2%0.44−63.5%—$4.0B—
MPWR SemiconductorsMonolithic Power Systems, Inc.2/5 short3/3 long−2.1%−5.9%−16.0%+34.0%+21.9%+204%+159%+1,659%55.4%0.62−51.6%—$61B—
LSCC SemiconductorsLattice Semiconductor Corporation2/5 short3/3 long−8.4%−14.5%−9.6%+36.6%+52.8%+46.9%+58.3%+1,555%56.3%0.45−61.1%—$15B—
TEL SemiconductorsTE Connectivity plc1/5 short3/3 long+1.7%+5.6%−13.1%−7.4%−4.1%+90.6%+57.4%+311%28.7%0.46−47.7%—$62B—
AVGO SemiconductorsBroadcom Inc.0/5 short3/3 long−7.8%−11.4%−16.0%−3.3%−3.5%+305%+617%+2,380%44.5%1.11−48.3%—$1.6T—
NXPI SemiconductorsNXP Semiconductors N.V.2/5 short2/3 long+2.2%−10.7%+8.2%+8.8%+10.0%+34.9%+31.9%+159%42.3%0.34−53.3%—$60B—
SITM SemiconductorsSiTime Corporation2/5 short2/3 long−22.1%−10.5%−5.9%+34.4%+70.6%+364%+124%—77.8%0.60−78.1%—$15B—
SYNA SemiconductorsSynaptics Incorporated5/5 short1/3 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—
ALGM SemiconductorsAllegro MicroSystems, Inc.1/5 short1/3 long−4.5%−26.9%−16.6%+26.0%+11.2%+17.5%+5.5%—53.4%0.28−68.7%—$6.3B—
SWKS SemiconductorsSkyworks Solutions, Inc.3/5 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—
GFS SemiconductorsGLOBALFOUNDRIES Inc.2/5 short0/3 long−3.0%−17.0%−19.7%+28.0%+32.7%−13.2%————−61.5%—$26B—
POWI SemiconductorsPower Integrations, Inc.1/5 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—
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How did MCHP do year by year?

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

InvestmentYears ahead of MCHP20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
MCHP This pageMicrochip Technology Incorporated—+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%
Rank among alternativesTop quarter in 5 of 2912 of 2322 of 239 of 2310 of 2316 of 2212 of 2113 of 2013 of 207 of 203 of 207 of 2017 of 199 of 1915 of 181 of 188 of 1712 of 163 of 169 of 157 of 155 of 158 of 1412 of 142 of 133 of 137 of 1111 of 116 of 118 of 9
SPY S&P 500State Street SPDR S&P 500 ETF12 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%
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%
TXN Texas Instruments Incorporated17 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%
TSM Taiwan Semiconductor Manufacturing Company Limited14 of 28+55.7%+92.0%+41.8%−37.0%+11.7%+91.6%+63.3%−4.3%+37.9%+31.2%+4.9%+31.1%+4.5%+37.7%+7.3%+14.9%+52.9%−16.1%−4.3%+18.9%+27.1%−4.2%+56.7%−54.8%+39.5%−51.0%+290%+13.4%—
KEYS Keysight Technologies, Inc.6 of 11+26.5%+1.0%−7.0%−17.2%+56.3%+28.7%+65.3%+49.2%+13.8%+29.1%−16.1%——————————————————
SLAB Silicon Laboratories Inc.10 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%————
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%
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%————————————————
ON ON Semiconductor Corporation10 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%
VSH Vishay Intertechnology, Inc.10 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%
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%————————
LSCC Lattice Semiconductor Corporation14 of 29+29.9%−17.9%+6.3%−15.8%+68.2%+139%+177%+19.7%−21.5%+13.8%−6.1%+25.5%+37.6%−32.8%−2.0%+124%+78.8%−53.5%−49.9%+50.0%−24.2%−41.1%+10.4%−57.4%+11.9%−22.0%+105%−3.0%+3.0%
TEL TE Connectivity plc7 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%———————————
AVGO Broadcom Inc.13 of 16+50.6%+110%+104%−13.3%+56.5%+45.0%+29.0%+2.2%+48.2%+23.6%+46.1%+93.4%+70.0%+12.0%+3.0%+55.4%—————————————
NXPI NXP Semiconductors N.V.8 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%——————————————
SITM SiTime Corporation4 of 6+64.6%+75.7%+20.1%−65.3%+161%+339%———————————————————————
SYNA Synaptics Incorporated14 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%——————
ALGM Allegro MicroSystems, Inc.4 of 5+20.7%−27.8%+0.8%−17.0%+35.7%————————————————————————
SWKS Skyworks Solutions, Inc.13 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%
GFS GLOBALFOUNDRIES Inc.2 of 4−18.6%−29.2%+12.4%−17.1%—————————————————————————
POWI Power Integrations, Inc.11 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%—
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Risk and diversification

How MCHP 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 MCHP's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents MCHP's five deepest drawdowns since it began trading in 1993, 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 MCHP fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringMCHP fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
No named crash−63.8%−5.1%May 2024Apr 202511 monthsMay 202613 months
No named crash−62.5%+1.9%Sep 1997Aug 199811 monthsJun 199910 months
Dot-com bust−58.7%−16.0%Apr 2000Dec 20008 monthsMay 200217 months
2008 financial crisis−57.8%−45.6%Jun 2007Jan 200919 monthsDec 201023 months
Dot-com bust−53.6%−17.8%May 2002Sep 20024 monthsNov 200314 months

How did MCHP do in stock market crashes?

This section measures how far MCHP, 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 MCHP.

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
MCHP This pageMicrochip Technology Incorporated—−3.8%−35.3%−49.0%−25.9%−14.4%−18.6%−12.7%−0.4%−55.2%−58.7%
SPY S&P 500State Street SPDR S&P 500 ETF6 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
ADI Analog Devices, Inc.5 of 10−2.6%−22.6%−33.6%−18.1%−7.2%−22.7%−18.6%−1.2%−55.0%−82.0%
TXN Texas Instruments Incorporated5 of 10−2.6%−21.7%−29.8%−19.5%−9.3%−18.4%−21.6%−1.3%−61.4%−85.4%
TSM Taiwan Semiconductor Manufacturing Company Limited5 of 10−3.9%−54.3%−23.3%−21.4%−9.3%−13.2%−15.7%0.0%−48.0%−82.4%
KEYS Keysight Technologies, Inc.5 of 6−2.6%−33.8%−17.7%−18.0%−6.7%−37.2%————
SLAB Silicon Laboratories Inc.3 of 9−3.4%−42.9%−34.8%−22.7%−10.1%−32.0%−25.2%−1.9%−60.6%—
AMAT Applied Materials, Inc.2 of 10−3.6%−54.2%−43.6%−26.4%−9.7%−18.8%−24.5%−1.6%−61.7%−82.0%
MTSI MACOM Technology Solutions Holdings, Inc.1 of 6−4.8%−43.9%−48.1%−37.0%−41.5%−22.4%————
ON ON Semiconductor Corporation3 of 9−6.4%−34.0%−59.6%−23.7%−12.2%−39.2%−28.5%0.0%−80.0%—
STM STMicroelectronics N.V.2 of 10−3.2%−40.6%−49.6%−31.0%−9.1%−31.6%−36.9%−3.2%−77.2%−83.5%
DIOD Diodes Incorporated3 of 10−4.0%−45.5%−33.1%−18.6%−5.0%−29.6%−34.3%−3.4%−90.1%−86.5%
VSH Vishay Intertechnology, Inc.5 of 10−2.4%−22.2%−42.4%−21.6%−20.8%−16.4%−46.6%−2.0%−84.8%−88.5%
MPWR Monolithic Power Systems, Inc.3 of 9−5.1%−39.7%−27.9%−21.4%−9.8%−18.1%−32.0%−5.4%−72.3%—
LSCC Lattice Semiconductor Corporation2 of 10−5.1%−39.9%−30.5%−36.0%−10.2%−36.2%−27.4%−6.5%−75.4%−89.5%
TEL TE Connectivity plc4 of 9−4.3%−33.3%−42.9%−23.2%−6.8%−22.7%−24.7%−3.5%−81.1%—
AVGO Broadcom Inc.5 of 8−2.8%−34.3%−46.8%−15.2%−4.5%−21.6%−26.7%0.0%——
NXPI NXP Semiconductors N.V.1 of 7−4.2%−38.8%−52.0%−27.4%−4.0%−35.5%−39.8%———
SITM SiTime Corporation1 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%—
ALGM Allegro MicroSystems, Inc.0 of 2−5.9%−44.4%————————
SWKS Skyworks Solutions, Inc.3 of 10−3.0%−50.0%−43.0%−32.3%−5.3%−38.6%−37.2%−3.4%−66.0%−95.7%
GFS GLOBALFOUNDRIES Inc.0 of 2−5.1%−50.8%————————
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%
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How closely does MCHP 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 MCHP 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 MCHP's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
MCHP This pageMicrochip Technology Incorporated127%170%0.751.72
AVGO Broadcom Inc.158%86%1.851.19
TSM Taiwan Semiconductor Manufacturing Company Limited138%75%1.841.15
KEYS Keysight Technologies, Inc.121%71%1.701.08
AMAT Applied Materials, Inc.152%97%1.581.51
LSCC Lattice Semiconductor Corporation156%102%1.521.45
MPWR Monolithic Power Systems, Inc.156%107%1.461.31
ADI Analog Devices, Inc.117%92%1.261.20
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
TEL TE Connectivity plc109%120%0.911.26
DIOD Diodes Incorporated128%146%0.881.53
SLAB Silicon Laboratories Inc.113%130%0.871.18
ON ON Semiconductor Corporation161%185%0.871.95
VSH Vishay Intertechnology, Inc.118%160%0.741.61
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 MCHP?

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

ETFs

InvestmentCorrelation5Y returnSharpe202420222018201220082007200420022000199780/20 mix volatility80/20 mix annual return
MCHP Microchip Technology Incorporated (this page)1.00+13.0%0.28−34.9%−18.0%−16.7%−7.1%−34.8%−0.7%−19.9%−5.1%−27.9%−11.6%43.9%+2.5%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.32+119%1.48+15.9%+3.8%−5.2%———————35.8%+6.5%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.34+225%1.34+29.8%+6.0%−19.8%+19.6%−20.8%−7.4%————36.0%+8.3%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.29+101%1.04+33.4%+10.4%−8.7%———————36.0%+6.3%
EWP Broad MarketiShares MSCI Spain ETF0.43+140%0.97+5.7%−5.2%−15.3%+5.4%−36.8%+20.9%+30.2%−13.6%−11.8%+23.9%36.9%+7.1%
GLD CommoditiesSPDR Gold Shares0.05+126%0.96+26.7%−0.8%−1.9%+6.6%+4.9%+30.4%————35.5%+7.1%
XLE EnergyState Street Energy Select Sector SPDR ETF0.11+177%0.93+5.6%+64.4%−18.2%+5.2%−39.0%+36.8%+33.8%−14.8%+24.4%—36.1%+8.1%
AMLP EnergyAlerian MLP ETF0.15+111%0.89+22.8%+25.5%−12.6%+1.9%——————35.8%+7.0%
EFV InternationaliShares MSCI EAFE Value ETF0.48+89.0%0.88+5.3%−5.2%−14.7%+18.8%−41.7%+4.3%————36.7%+5.9%

Stocks

InvestmentCorrelation5Y returnSharpe202420222018201220082007200420022000199780/20 mix volatility80/20 mix annual return
MCHP Microchip Technology Incorporated (this page)1.00+13.0%0.28−34.9%−18.0%−16.7%−7.1%−34.8%−0.7%−19.9%−5.1%−27.9%−11.6%43.9%+2.5%
CAH Medical - DistributionCardinal Health, Inc.0.08+479%1.55+19.0%+54.1%−24.5%+3.8%−39.6%−9.8%−4.7%−8.3%+108%+29.1%35.9%+10.7%
CLS Hardware, Equipment & PartsCelestica Inc.0.35+3,143%1.47+215%+1.3%−16.3%+11.2%−20.5%−25.7%−6.4%−65.1%−2.3%—40.7%+21.6%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.40+1,636%1.46+107%+17.0%+0.8%+15.7%−15.2%+2.1%+40.0%−9.4%−71.1%—39.5%+17.9%
MCK Medical - DistributionMcKesson Corporation-0.08+413%1.44+23.7%+51.8%−28.4%+25.6%−40.4%+29.7%−1.4%−27.2%+61.2%+96.3%35.1%+10.4%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.13+690%1.41−4.0%+86.6%−8.2%+94.3%——————36.5%+12.5%
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Common questions

What was MCHP's worst drawdown?

MCHP's deepest decline since it began trading in 1993 was 63.8%, from May 2024 to April 2025. It took 13 months from the low to climb back to its old high.

What were MCHP's best and worst years?

Over 29 full calendar years, MCHP's best year was 1999, when it returned 85.0%. Its worst was 2024, with a return of -35.0%.

Is there a better investment than MCHP?

Among MCHP's popular alternatives, TSM, ADI and TXN earned more than MCHP with less volatility over the past 5 years. TSM returned 31.5% a year at 38.5% volatility, against 2.5% a year at 45.9%. Looking beyond its popular alternatives, MSFT (software) and MSI (communications equipment) earned more than MCHP with less volatility over the past 5 years. MSFT returned 12.5% a year at 28.2% volatility, against 2.5% a year at 45.9%.

Is MCHP more volatile than the S&P 500?

Yes. MCHP's volatility over the past 5 years was 45.9%, 2.7 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, MCHP's return lands within 45.9% 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 MCHP's Sharpe ratio?

MCHP's Sharpe ratio over the past 5 years was 0.28, against 0.79 for the S&P 500, so MCHP 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 MCHP with the S&P 500?

Over the past 5 years, MCHP'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 MCHP instead: the lower it is, the more that option would diversify a MCHP holding.

What are the best alternatives to MCHP?

Of the 22 popular alternatives we compared, 11 outperformed MCHP in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: ADI, TXN and TSM.

Did MCHP outperform the S&P 500?

MCHP finished ahead of the S&P 500 (SPY) in 16 of 29 full calendar years. In 2025, it returned +14.6%, against +17.7% for the index.

How did MCHP do in stock market crashes?

MCHP fell less than the S&P 500 (SPY) in two of the ten major crashes it has traded through, and further in six. The clearest case was the Covid crash, when MCHP fell 49.0% and the S&P 500 fell 33.7%.

What diversifies MCHP?

These had a low correlation with MCHP over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.32), DXJ (correlation 0.34) and EMLP (correlation 0.29); among large stocks, CAH (correlation 0.08), CLS (correlation 0.35) and FIX (correlation 0.40). A correlation near zero means the two have moved largely independently.

How we measure

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Popular alternatives to MCHP

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