BetterThanSPY

Relative Intelligence · Semiconductors

How Monolithic Power Systems (MPWR) compares with the whole market and its popular alternatives

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

Period covered: MPWR's full trading record, from November 2004 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 22, 2026.

Data as of October 22, 2026. Full tables and charts read best on a larger screen.

Rank the market against MPWR →Chart MPWR vs. 21 alternatives →

This page answers the following questions about MPWR

Key findings

Not AI-generated

These key findings are generated by our proprietary relative intelligence engine, directly from the data on this page.

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

This chart tracks a hypothetical $10,000 investment in MPWR over the past 21 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of MPWR over the same span and MPWR'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.

Note: MPWR began trading on November 19, 2004, so the chart cannot reach back to the dot-com bust. It covers the most recent 21 years of MPWR's record, starting at the end of September 2005.

Choose a period

From the end of September 2005 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 6 of the 1,565 stocks and funds worth at least $500 million that traded the whole period ended ahead of MPWR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000$1M200520092013201720212025$1,000$10,000$100,000$1M20052010201520202025
  • NVDA$9M+87,666% total · +38.1% a year
  • XPO$5M+45,868% total · +33.9% a year
  • FIX$2M+23,295% total · +29.7% a year
  • BKNG$2M+21,480% total · +29.2% a year
  • AAPL$2M+20,713% total · +28.9% a year
  • MPWR$2M+18,534% total · +28.3% a year
  • TSM$1M+10,387% total · +24.8% a year
  • AMD$242,758+2,328% total · +16.4% a year
  • ADI$173,695+1,637% total · +14.6% a year
  • SPY (S&P 500)$90,973+810% total · +11.1% 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. 368 of the 3,630 stocks and funds worth at least $500 million that traded the whole period ended ahead of MPWR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$5,000$10,000$20,000$50,000$100,000202120222023202420252026$5,000$10,000$20,000$50,000$100,000202120222023202420252026
  • NVDA$110,811+1,008% total · +61.8% a year
  • VRT$100,677+907% total · +58.7% a year
  • AVGO$79,117+691% total · +51.2% a year
  • AMD$59,452+495% total · +42.8% a year
  • APH$48,728+387% total · +37.3% a year
  • TSM$43,622+336% total · +34.3% a year
  • SITM$31,935+219% total · +26.1% a year
  • MPWR$28,834+188% total · +23.6% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • MXL$18,338+83.4% total · +12.9% a year
Change the dates or add tickers to this chart in EasyCompare

MPWR 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.

Note: MPWR began trading on November 19, 2004, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust.

The company

Market value
$57B
Industry
Semiconductors
Price history from
November 2004

Returns

Past 1 year
+17.4%total return
Past 3 years
+189%+42.4% a year
Past 5 years
+137%+18.8% a year
Past 10 years
+1,495%+31.9% a year
Best calendar year
+107%2020
Worst calendar year
−41.3%2008
Losing years
6 of 21full calendar years

Risk

Volatility
55.5%typical yearly swing, 5 years
Sharpe ratio
0.59return per unit of risk, 5 years
Worst decline ever
−72.3%Aug 2008 to Dec 2008
From its all-time high
−30.7%below the peak

MPWR against the whole market

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

How does MPWR rank among all stocks?

This section ranks MPWR 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 MPWR 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.

MeasureMPWRRankStanding
1-year return+17.4%1,358 of 3,282top 41%
3-year return+189%434 of 3,016top 14%
5-year return+137%498 of 2,897top 17%
10-year return+1,495%55 of 2,201top 2%
Volatility, 5 years55.5%2,147 of 2,897bottom 27%
Sharpe ratio, 5 years0.59717 of 2,897top 25%
Worst decline, past 10 years−51.6%520 of 2,184top 24%

What has beaten MPWR 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). MPWR sits where the dashed lines cross. Anything in the green box above and to the left earned more than MPWR 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 MPWR; faint dots are 88 more of the 335 in the green region (the strongest, one per fund family). 3,641 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

10.0%20.0%30.0%40.0%50.0%60.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than MPWRESLT: +39.7% a year, volatility 34.6%MEDP: +28.4% a year, volatility 52.1%MPC: +50.0% a year, volatility 33.4%WELL: +27.0% a year, volatility 23.8%VCTR: +27.7% a year, volatility 35.0%NHC: +31.2% a year, volatility 28.6%DHT: +40.3% a year, volatility 39.0%TRGP: +41.8% a year, volatility 31.7%ATI: +58.9% a year, volatility 43.2%CAH: +41.7% a year, volatility 24.7%NWPX: +32.7% a year, volatility 36.3%HSBC: +32.8% a year, volatility 25.9%GE: +36.0% a year, volatility 31.0%INSW: +58.7% a year, volatility 40.6%SAN: +31.7% a year, volatility 33.9%BBVA: +39.0% a year, volatility 33.3%WMT: +21.1% a year, volatility 22.6%VLO: +43.8% a year, volatility 36.9%CRWD: +27.4% a year, volatility 52.7%IBKR: +35.3% a year, volatility 35.5%SCCO: +30.1% a year, volatility 40.8%ABBV: +25.5% a year, volatility 23.4%BNY: +22.8% a year, volatility 24.4%MFC: +23.3% a year, volatility 24.0%DXJ: +26.6% a year, volatility 19.1%ING: +24.3% a year, volatility 31.2%FTNT: +20.9% a year, volatility 44.8%AEM: +28.2% a year, volatility 38.5%VST: +51.7% a year, volatility 48.8%PM: +21.3% a year, volatility 23.4%RCL: +28.5% a year, volatility 48.4%MCK: +37.8% a year, volatility 25.1%FTI: +54.6% a year, volatility 41.2%AMGN: +20.1% a year, volatility 24.9%DB: +21.7% a year, volatility 37.4%TEVA: +31.7% a year, volatility 42.8%AU: +38.0% a year, volatility 50.0%GILD: +22.8% a year, volatility 24.9%IBM: +20.1% a year, volatility 30.2%BAP: +29.7% a year, volatility 30.3%KB: +24.2% a year, volatility 34.4%NWG: +27.6% a year, volatility 34.1%CIB: +33.5% a year, volatility 32.9%PGR: +21.8% a year, volatility 25.7%VRTX: +23.9% a year, volatility 29.1%FLEX: +32.7% a year, volatility 48.5%WSM: +24.8% a year, volatility 44.4%RL: +27.9% a year, volatility 36.9%COKE: +41.6% a year, volatility 38.0%TRV: +22.4% a year, volatility 22.3%THC: +30.8% a year, volatility 45.0%STX: +53.4% a year, volatility 48.8%TT: +21.4% a year, volatility 27.7%MLI: +36.5% a year, volatility 33.4%GWW: +26.7% a year, volatility 24.9%FRO: +53.9% a year, volatility 49.7%WF: +25.4% a year, volatility 31.6%COR: +23.6% a year, volatility 22.8%LRCX: +34.2% a year, volatility 50.1%MOG-A: +35.1% a year, volatility 32.1%EXEL: +25.0% a year, volatility 35.8%KLAC: +35.3% a year, volatility 46.9%ASX: +47.3% a year, volatility 43.3%EMBJ: +32.5% a year, volatility 45.0%HALO: +26.2% a year, volatility 40.4%IDCC: +39.4% a year, volatility 36.9%JXN: +42.4% a year, volatility 43.3%TIGO: +21.4% a year, volatility 41.1%HPE: +32.8% a year, volatility 42.3%ARGX: +24.5% a year, volatility 39.9%SNEX: +32.5% a year, volatility 37.3%SANM: +32.4% a year, volatility 48.0%EAT: +33.6% a year, volatility 48.8%CBOE: +22.0% a year, volatility 25.1%EGO: +27.9% a year, volatility 47.8%CASY: +30.8% a year, volatility 29.4%SDCI: +21.1% a year, volatility 18.4%BWLP: +60.5% a year, volatility 50.9%BVN: +28.8% a year, volatility 45.5%IRM: +23.8% a year, volatility 30.3%MIRM: +40.4% a year, volatility 51.7%LGND: +29.3% a year, volatility 44.2%AMRX: +29.3% a year, volatility 50.5%ENVA: +38.4% a year, volatility 41.9%NTAP: +20.6% a year, volatility 35.3%CAKE: +24.4% a year, volatility 39.9%RS: +24.8% a year, volatility 28.1%TSEM: +40.1% a year, volatility 52.4%MPWR: +18.8% a year, volatility 55.5%SPY (S&P 500): +12.5% a year, volatility 17.2%NVDA: +56.5% a year, volatility 51.9%TSM: +31.0% a year, volatility 38.6%AMD: +33.5% a year, volatility 57.7%AVGO: +46.9% a year, volatility 44.6%ADI: +18.6% a year, volatility 34.2%APH: +31.3% a year, volatility 32.4%SMH: +32.2% a year, volatility 37.0%PSI: +22.2% a year, volatility 41.8%ANET: +47.6% a year, volatility 49.1%MU: +67.0% a year, volatility 57.1%AAPL: +19.1% a year, volatility 28.0%LLY: +41.2% a year, volatility 32.8%CAT: +30.7% a year, volatility 32.0%MFG: +33.9% a year, volatility 30.6%PWR: +36.4% a year, volatility 37.4%FLTW: +21.3% a year, volatility 24.4%QTUM: +22.1% a year, volatility 28.2%GOOG: +18.5% a year, volatility 32.0%NTRA: +28.4% a year, volatility 57.6%FIX: +73.0% a year, volatility 46.9%BELFB: +75.9% a year, volatility 52.3%MPWRSPY (S&P 500)NVDATSMAMDAVGOADIAPHPSIANETMUAAPLLLYCATMFGPWRFLTWNTRAFIXBELFB10.0%20.0%30.0%40.0%50.0%60.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than MPWRESLT: +39.7% a year, volatility 34.6%MEDP: +28.4% a year, volatility 52.1%MPC: +50.0% a year, volatility 33.4%WELL: +27.0% a year, volatility 23.8%VCTR: +27.7% a year, volatility 35.0%NHC: +31.2% a year, volatility 28.6%DHT: +40.3% a year, volatility 39.0%TRGP: +41.8% a year, volatility 31.7%ATI: +58.9% a year, volatility 43.2%CAH: +41.7% a year, volatility 24.7%NWPX: +32.7% a year, volatility 36.3%HSBC: +32.8% a year, volatility 25.9%GE: +36.0% a year, volatility 31.0%INSW: +58.7% a year, volatility 40.6%SAN: +31.7% a year, volatility 33.9%BBVA: +39.0% a year, volatility 33.3%WMT: +21.1% a year, volatility 22.6%VLO: +43.8% a year, volatility 36.9%CRWD: +27.4% a year, volatility 52.7%IBKR: +35.3% a year, volatility 35.5%SCCO: +30.1% a year, volatility 40.8%ABBV: +25.5% a year, volatility 23.4%BNY: +22.8% a year, volatility 24.4%MFC: +23.3% a year, volatility 24.0%DXJ: +26.6% a year, volatility 19.1%ING: +24.3% a year, volatility 31.2%FTNT: +20.9% a year, volatility 44.8%AEM: +28.2% a year, volatility 38.5%VST: +51.7% a year, volatility 48.8%PM: +21.3% a year, volatility 23.4%RCL: +28.5% a year, volatility 48.4%MCK: +37.8% a year, volatility 25.1%FTI: +54.6% a year, volatility 41.2%AMGN: +20.1% a year, volatility 24.9%DB: +21.7% a year, volatility 37.4%TEVA: +31.7% a year, volatility 42.8%AU: +38.0% a year, volatility 50.0%GILD: +22.8% a year, volatility 24.9%IBM: +20.1% a year, volatility 30.2%BAP: +29.7% a year, volatility 30.3%KB: +24.2% a year, volatility 34.4%NWG: +27.6% a year, volatility 34.1%CIB: +33.5% a year, volatility 32.9%PGR: +21.8% a year, volatility 25.7%VRTX: +23.9% a year, volatility 29.1%FLEX: +32.7% a year, volatility 48.5%WSM: +24.8% a year, volatility 44.4%RL: +27.9% a year, volatility 36.9%COKE: +41.6% a year, volatility 38.0%TRV: +22.4% a year, volatility 22.3%THC: +30.8% a year, volatility 45.0%STX: +53.4% a year, volatility 48.8%TT: +21.4% a year, volatility 27.7%MLI: +36.5% a year, volatility 33.4%GWW: +26.7% a year, volatility 24.9%FRO: +53.9% a year, volatility 49.7%WF: +25.4% a year, volatility 31.6%COR: +23.6% a year, volatility 22.8%LRCX: +34.2% a year, volatility 50.1%MOG-A: +35.1% a year, volatility 32.1%EXEL: +25.0% a year, volatility 35.8%KLAC: +35.3% a year, volatility 46.9%ASX: +47.3% a year, volatility 43.3%EMBJ: +32.5% a year, volatility 45.0%HALO: +26.2% a year, volatility 40.4%IDCC: +39.4% a year, volatility 36.9%JXN: +42.4% a year, volatility 43.3%TIGO: +21.4% a year, volatility 41.1%HPE: +32.8% a year, volatility 42.3%ARGX: +24.5% a year, volatility 39.9%SNEX: +32.5% a year, volatility 37.3%SANM: +32.4% a year, volatility 48.0%EAT: +33.6% a year, volatility 48.8%CBOE: +22.0% a year, volatility 25.1%EGO: +27.9% a year, volatility 47.8%CASY: +30.8% a year, volatility 29.4%SDCI: +21.1% a year, volatility 18.4%BWLP: +60.5% a year, volatility 50.9%BVN: +28.8% a year, volatility 45.5%IRM: +23.8% a year, volatility 30.3%MIRM: +40.4% a year, volatility 51.7%LGND: +29.3% a year, volatility 44.2%AMRX: +29.3% a year, volatility 50.5%ENVA: +38.4% a year, volatility 41.9%NTAP: +20.6% a year, volatility 35.3%CAKE: +24.4% a year, volatility 39.9%RS: +24.8% a year, volatility 28.1%TSEM: +40.1% a year, volatility 52.4%MPWR: +18.8% a year, volatility 55.5%SPY (S&P 500): +12.5% a year, volatility 17.2%NVDA: +56.5% a year, volatility 51.9%TSM: +31.0% a year, volatility 38.6%AMD: +33.5% a year, volatility 57.7%AVGO: +46.9% a year, volatility 44.6%ADI: +18.6% a year, volatility 34.2%APH: +31.3% a year, volatility 32.4%SMH: +32.2% a year, volatility 37.0%PSI: +22.2% a year, volatility 41.8%ANET: +47.6% a year, volatility 49.1%MU: +67.0% a year, volatility 57.1%AAPL: +19.1% a year, volatility 28.0%LLY: +41.2% a year, volatility 32.8%CAT: +30.7% a year, volatility 32.0%MFG: +33.9% a year, volatility 30.6%PWR: +36.4% a year, volatility 37.4%FLTW: +21.3% a year, volatility 24.4%QTUM: +22.1% a year, volatility 28.2%GOOG: +18.5% a year, volatility 32.0%NTRA: +28.4% a year, volatility 57.6%FIX: +73.0% a year, volatility 46.9%BELFB: +75.9% a year, volatility 52.3%MPWRSPY (S&P 500)NVDATSMAMDAVGOADIAPHPSIMUAAPLLLYCATPWRFLTWNTRAFIXBELFB
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than MPWR?

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

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

Screen the whole market against MPWR for any period in BetterThanSPYOpen these 20 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 MPWR?lower diversifies moreExpenseper year
MPWRMonolithic Power Systems, Inc. · this page
+18.8%55.5%0.59−51.6%+1,495%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.5%17.2%0.78−33.7%+316%0.580.09%
Popular alternativesbest 5 shownThe investments people most often weigh against MPWR. 5 of 21 passed at least one test.
NVDANVIDIA Corporation · Semiconductors
Higher return, lower volatilityHigher return in most periods+56.5%51.9%1.12−66.3%+12,166%0.53—
TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors
Higher return, lower volatilityHigher return in most periods+31.0%38.6%0.90−56.6%+1,440%0.50—
AMDAdvanced Micro Devices, Inc. · Semiconductors
Higher return, similar volatilityHigher return in most periods+33.5%57.7%0.79−65.5%+7,146%0.62—
AVGOBroadcom Inc. · Semiconductors
Higher return, lower volatility+46.9%44.6%1.09−48.3%+2,254%0.54—
ADIAnalog Devices, Inc. · Semiconductors
Similar return, lower volatility+18.6%34.2%0.67−33.6%+625%0.68—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Semiconductors and the categories next to it (Semiconductor Equipment, Communications Equipment, Computer Hardware, Electronic Components), plus MPWR's specific themes. 39 of 128 passed at least one test.
APHAmphenol Corporation · Electronic Components
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+31.3%32.4%1.01−37.5%+887%0.45—
SMHVanEck Semiconductor ETF · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+32.2%37.0%0.94−45.3%+1,570%0.690.35%
PSIInvesco Semiconductors ETF · Semiconductors
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+22.2%41.8%0.69−44.9%+1,027%0.680.55%
ANETArista Networks, Inc. · Communications Equipment
Higher return, lower volatilityHigher return in most periods+47.6%49.1%1.04−52.2%+3,158%0.51—
MUMicron Technology, Inc. · Semiconductors
Higher return, similar volatilityHigher return in most periods+67.0%57.1%1.19−57.6%+5,050%0.40—
AAPLApple Inc. · Computer Hardware
Similar return, lower volatilityHigher Sharpe, smaller worst decline+19.1%28.0%0.77−38.5%+1,194%0.41—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 468 of 3,509 passed at least one test.
LLYEli Lilly and Company · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+41.2%32.8%1.22−34.5%+1,870%0.00—
CATCaterpillar Inc. · Industrial Machinery
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+30.7%32.0%1.00−43.4%+913%0.37—
MFGMizuho Financial Group, Inc. · Banks
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+33.9%30.6%1.11−45.7%+343%0.12—
PWRQuanta Services, Inc. · Engineering & Construction
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+36.4%37.4%1.02−45.5%+1,878%0.54—
FLTWFranklin FTSE Taiwan ETF · International Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+21.3%24.4%0.92−38.0%—0.600.19%
QTUMDefiance Quantum ETF · Quantum Computing
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+22.1%28.2%0.85−38.5%—0.600.40%
GOOGAlphabet Inc. · Internet Services
Similar return, lower volatilityHigher Sharpe, smaller worst decline+18.5%32.0%0.69−44.6%+696%0.58—
NTRANatera, Inc. · Molecular Diagnostics
Higher return, similar volatilityHigher return in most periods+28.4%57.6%0.73−77.7%+3,934%0.23—
What these numbers mean for MPWR
Annual return
MPWR returned 18.8% a year over the past 5 years with dividends reinvested, against 12.5% a year for the S&P 500. At that pace, $10,000 became about $23,700. 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
MPWR's volatility over the past 5 years was 55.5%, 3.2 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, MPWR's return lands within 55.5% 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
MPWR's Sharpe ratio over the past 5 years was 0.59, against 0.78 for the S&P 500, so MPWR 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
MPWR's worst fall from a peak to a low over the past 10 years was 51.6%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 51.6% fall takes a 107% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, MPWR's monthly returns had a correlation of 0.58 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 MPWR instead: the lower it is, the more that option would diversify a MPWR holding. Guide: Correlation and diversification →
Show all 335 stocks and funds worth at least $500 million that earned more than MPWR with less volatility

Out of 3,641 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 MPWRExpense
1
LLYEli Lilly and Company · Pharmaceuticals
Whole market+41.2%32.8%1.22−34.5%+1,870%0.00—
2
CATCaterpillar Inc. · Industrial Machinery
Whole market+30.7%32.0%1.00−43.4%+913%0.37—
3
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.9%30.6%1.11−45.7%+343%0.12—
4
PWRQuanta Services, Inc. · Engineering & Construction
Whole market+36.4%37.4%1.02−45.5%+1,878%0.54—
5
ESLTElbit Systems Ltd. · Aerospace & Defense
Whole market+39.7%34.6%1.14−35.4%+763%0.12—
6
APHAmphenol Corporation · Electronic Components
Same or nearby category+31.3%32.4%1.01−37.5%+887%0.45—
7
MEDPMedpace Holdings, Inc. · Contract Research
Whole market+28.4%52.1%0.73−42.9%+2,003%0.10—
8
MPCMarathon Petroleum Corporation · Oil Refining
Whole market+50.0%33.4%1.39−79.7%+1,314%0.10—
9
WELLWelltower Inc. · Healthcare REITs
Whole market+27.0%23.8%1.13−63.3%+378%0.29—
10
SMHVanEck Semiconductor ETF · Semiconductors
Same or nearby category+32.2%37.0%0.94−45.3%+1,570%0.690.35%
11
VCTRVictory Capital Holdings, Inc. · Asset Management
Whole market+27.7%35.0%0.88−45.2%—0.30—
12
NHCNational HealthCare Corporation · Health Care Facilities
Whole market+31.2%28.6%1.10−35.3%+385%0.29—
13
DHTDHT Holdings, Inc. · Oil & Gas
Whole market+40.3%39.0%1.07−39.7%+1,094%0.20—
14
FLTWFranklin FTSE Taiwan ETF · International Equity
Whole market+21.3%24.4%0.92−38.0%—0.600.19%
15
QTUMDefiance Quantum ETF · Quantum Computing
Whole market+22.1%28.2%0.85−38.5%—0.600.40%
16
TRGPTarga Resources Corp. · Oil & Gas Midstream
Whole market+41.8%31.7%1.27−90.8%+829%0.05—
17
ATIATI Inc. · Metals & Mining
Whole market+58.9%43.2%1.29−82.4%+809%0.28—
18
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+41.7%24.7%1.54−46.1%+345%-0.04—
19
PSIInvesco Semiconductors ETF · Semiconductors
Same or nearby category+22.2%41.8%0.69−44.9%+1,027%0.680.55%
20
NWPXNWPX Infrastructure, Inc. · Infrastructure
Whole market+32.7%36.3%0.97−46.5%+619%0.26—
21
HSBCHSBC Holdings plc · Banks
Whole market+32.8%25.9%1.23−62.3%+314%0.32—
22
GEGE Aerospace · Aerospace & Defense
Whole market+36.0%31.0%1.15−80.9%+135%0.37—
23
INSWInternational Seaways, Inc. · Oil & Gas
Whole market+58.7%40.6%1.35−57.4%—0.23—
24
SANBanco Santander, S.A. · Banks
Whole market+31.7%33.9%0.99−73.8%+307%0.27—
25
BBVABanco Bilbao Vizcaya Argentaria, S.A. · Banks
Whole market+39.0%33.3%1.16−69.6%+515%0.19—
26
WMTWalmart Inc. · Discount Retail
Whole market+21.1%22.6%0.97−25.7%+521%0.13—
27
VLOValero Energy Corporation · Oil Refining
Whole market+43.8%36.9%1.18−71.9%+1,014%0.08—
28
CRWDCrowdStrike Holdings, Inc. · Cybersecurity
Whole market+27.4%52.7%0.72−67.7%—0.16—
29
IBKRInteractive Brokers Group, Inc. · Investment Banking & Brokerage
Whole market+35.3%35.5%1.03−55.1%+929%0.27—
30
SCCOSouthern Copper Corporation · Copper Mining
Whole market+30.1%40.8%0.85−55.3%+915%0.34—
31
ABBVAbbVie Inc. · Specialty Pharmaceuticals
Whole market+25.5%23.4%1.09−45.1%+600%0.02—
32
BNYBank of New York Mellon Corp · Banks
Whole market+22.8%24.4%0.97−50.5%+332%0.35—
33
MFCManulife Financial Corporation · Life Insurance
Whole market+23.3%24.0%1.00−57.5%+386%0.36—
34
DXJWisdomTree Japan Hedged Equity Fund · Japan Equity
Whole market+26.6%19.1%1.34−39.1%+415%0.260.48%
35
INGING Groep N.V. · Banks
Whole market+24.3%31.2%0.86−74.4%+330%0.31—
36
FTNTFortinet, Inc. · Cybersecurity
Whole market+20.9%44.8%0.65−38.3%+2,668%0.08—
37
AEMAgnico Eagle Mines Limited · Gold Mining
Whole market+28.2%38.5%0.84−54.2%+335%0.05—
38
VSTVistra Corp. · Independent Power Producers
Whole market+51.7%48.8%1.10−53.3%+1,130%0.13—
39
PMPhilip Morris International Inc. · Tobacco
Whole market+21.3%23.4%0.94−42.9%+240%0.01—
40
RCLRoyal Caribbean Cruises Ltd. · Cruise Lines
Whole market+28.5%48.4%0.76−83.3%+357%0.24—
41
MCKMcKesson Corporation · Health Care Distribution
Whole market+37.8%25.1%1.41−38.1%+582%-0.16—
42
FTITechnipFMC plc · Oilfield Services
Whole market+54.6%41.2%1.27−85.8%+173%0.20—
43
AMGNAmgen Inc. · Biotechnology
Whole market+20.1%24.9%0.86−24.9%+280%-0.01—
44
DBDeutsche Bank AG · Banks
Whole market+21.7%37.4%0.71−72.7%+161%0.18—
45
TEVATeva Pharmaceutical Industries Limited · Specialty Pharmaceuticals
Whole market+31.7%42.8%0.85−85.3%−3.6%0.34—
46
AUAngloGold Ashanti Plc · Gold Mining
Whole market+38.0%50.0%0.90−66.3%+661%0.14—
47
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+202%-0.09—
48
IBMInternational Business Machines Corporation · IT Services
Whole market+20.1%30.2%0.76−41.1%+163%0.01—
49
BAPCredicorp Ltd. · Banks
Whole market+29.7%30.3%1.01−59.2%+281%0.29—
50
KBKB Financial Group Inc. · Banks
Whole market+24.2%34.4%0.80−64.1%+364%0.28—
51
NWGNatWest Group plc · Banks
Whole market+27.6%34.1%0.89−67.4%+488%0.25—
52
NVDANVIDIA Corporation · Semiconductors
Popular alternative+56.5%51.9%1.12−66.3%+12,166%0.53—
53
CIBGrupo Cibest S.A. · Banks
Whole market+33.5%32.9%1.04−70.4%+351%0.21—
54
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.8%25.7%0.90−30.3%+849%-0.10—
55
VRTXVertex Pharmaceuticals Incorporated · Rare Disease Therapeutics
Whole market+23.9%29.1%0.89−41.6%+580%-0.20—
56
FLEXFlex Ltd. · Electronics Manufacturing
Whole market+32.7%48.5%0.83−70.0%+457%0.34—
57
WSMWilliams-Sonoma, Inc. · Specialty Retail
Whole market+24.8%44.4%0.72−59.7%+1,298%0.26—
58
RLRalph Lauren Corporation · Apparel & Footwear
Whole market+27.9%36.9%0.85−55.1%+370%0.33—
59
COKECoca-Cola Consolidated, Inc. · Food & Beverages
Whole market+41.6%38.0%1.11−51.7%+1,564%0.16—
60
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+360%-0.04—
61
THCTenet Healthcare Corporation · Health Care Facilities
Whole market+30.8%45.0%0.83−71.7%+1,036%0.37—
62
ANETArista Networks, Inc. · Communications Equipment
Same or nearby category+47.6%49.1%1.04−52.2%+3,158%0.51—
63
STXSeagate Technology Holdings plc · Computer Hardware
Same or nearby category+53.4%48.8%1.12−57.0%+2,597%0.63—
64
TTTrane Technologies plc · Building Products
Whole market+21.4%27.7%0.84−40.5%+927%0.44—
65
MLIMueller Industries, Inc. · Metal Fabrication
Whole market+36.5%33.4%1.10−53.0%+760%0.58—
66
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.7%24.9%1.08−41.6%+670%0.26—
67
FROFrontline Plc · Oil & Gas
Whole market+53.9%49.7%1.12−52.0%+1,270%0.33—
68
WFWoori Financial Group Inc. · Banks
Whole market+25.4%31.6%0.88−67.2%+268%0.29—
69
CORCencora, Inc. · Health Care Distribution
Whole market+23.6%22.8%1.05−32.4%+403%0.05—
70
LRCXLam Research Corporation · Semiconductor Equipment
Same or nearby category+34.2%50.1%0.84−56.4%+2,542%0.52—
71
TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors
Popular alternative+31.0%38.6%0.90−56.6%+1,440%0.50—
72
MOG-AMoog Inc. · Aerospace Components
Whole market+35.1%32.1%1.10−63.7%+540%0.21—
73
EXELExelixis, Inc. · Oncology
Whole market+25.0%35.8%0.81−57.2%+478%-0.06—
74
KLACKLA Corporation · Semiconductor Equipment
Same or nearby category+35.3%46.9%0.88−50.9%+2,224%0.43—
75
ASXASE Technology Holding Co., Ltd. · Semiconductors
Same or nearby category+47.3%43.3%1.11−52.5%+883%0.56—
76
EMBJEmbraer S.A. · Aerospace & Defense
Whole market+32.5%45.0%0.85−85.2%+261%0.20—
77
HALOHalozyme Therapeutics, Inc. · Biotechnology
Whole market+26.2%40.4%0.78−49.1%+1,255%0.19—
78
IDCCInterDigital, Inc. · Intellectual Property Licensing
Whole market+39.4%36.9%1.09−64.9%+392%0.25—
79
JXNJackson Financial Inc. · Life Insurance
Whole market+42.4%43.3%1.04−48.4%—0.25—
80
TIGOMillicom International Cellular S.A. · Integrated Telecommunications
Whole market+21.4%41.1%0.68−84.5%+131%0.46—
81
HPEHewlett Packard Enterprise Company · Computer Hardware
Same or nearby category+32.8%42.3%0.89−56.9%+481%0.24—
82
ARGXargenx SE · Immunology Therapeutics
Whole market+24.5%39.9%0.75−38.2%—-0.06—
83
SNEXStoneX Group Inc. · Capital Markets
Whole market+32.5%37.3%0.95−48.7%+669%0.30—
84
SANMSanmina Corporation · Electronics Manufacturing
Whole market+32.4%48.0%0.83−55.9%+428%0.40—
85
EATBrinker International, Inc. · Casual Dining
Whole market+33.6%48.8%0.84−84.9%+315%0.06—
86
CBOECboe Global Markets, Inc. · Capital Markets
Whole market+22.0%25.1%0.92−43.2%+481%0.21—
87
EGOEldorado Gold Corporation · Gold Mining
Whole market+27.9%47.8%0.76−86.2%+86.4%0.08—
88
CASYCasey's General Stores, Inc. · Convenience Stores
Whole market+30.8%29.4%1.06−36.1%+560%0.21—
89
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Broad Commodities
Whole market+21.1%18.4%1.14−45.7%—0.010.80%
90
BWLPBW LPG Limited · Marine Shipping
Whole market+60.5%50.9%1.19−68.8%+2,648%0.33—
91
BVNCompañía de Minas Buenaventura S.A.A. · Precious Metals
Whole market+28.8%45.5%0.79−70.2%+136%0.15—
92
IRMIron Mountain Incorporated · Specialty REITs
Whole market+23.8%30.3%0.86−39.0%+456%0.52—
93
MIRMMirum Pharmaceuticals, Inc. · Biotechnology
Whole market+40.4%51.7%0.92−63.8%—0.22—
94
LGNDLigand Pharmaceuticals Incorporated · Biotechnology
Whole market+29.3%44.2%0.80−76.9%+425%0.30—
95
AMRXAmneal Pharmaceuticals, Inc. · Pharmaceuticals
Whole market+29.3%50.5%0.76−94.8%−5.6%0.20—
96
ENVAEnova International, Inc. · Online Lending
Whole market+38.4%41.9%0.99−77.6%+1,822%0.24—
97
NTAPNetApp, Inc. · Computer Hardware
Same or nearby category+20.6%35.3%0.71−58.1%+696%0.27—
98
CAKEThe Cheesecake Factory Incorporated · Casual Dining
Whole market+24.4%39.9%0.75−75.6%+170%0.25—
99
RSReliance Steel & Aluminum Co. · Metals & Mining
Whole market+24.8%28.1%0.94−40.8%+639%0.44—
100
TSEMTower Semiconductor Ltd. · Semiconductors
Same or nearby category+40.1%52.4%0.90−62.3%+933%0.41—

MPWR against its popular alternatives

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

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

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

0.0%20.0%40.0%60.0%80.0%100%120%140%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityMPWR: 18.9% a year, volatility 55.5%SPY (S&P 500): 12.5% a year, volatility 17.2%NVDA: 56.5% a year, volatility 51.9%TSM: 31.0% a year, volatility 38.6%AVGO: 46.9% a year, volatility 44.6%MXL: 4.3% a year, volatility 83.5%SITM: 15.2% a year, volatility 78.0%ON: 9.8% a year, volatility 55.9%NVTS: −7.0% a year, volatility 124%AMD: 33.5% a year, volatility 57.7%VRT: 52.2% a year, volatility 64.3%ADI: 18.6% a year, volatility 34.2%TXN: 10.1% a year, volatility 33.8%SLAB: 7.8% a year, volatility 48.3%SYNA: −8.0% a year, volatility 54.7%DIOD: −2.4% a year, volatility 50.1%MCHP: 2.0% a year, volatility 45.9%STM: 0.9% a year, volatility 47.9%NXPI: 5.5% a year, volatility 42.3%VSH: 9.0% a year, volatility 47.5%POWI: −13.3% a year, volatility 46.6%CRUS: 6.6% a year, volatility 36.9%ALGM: −0.9% a year, volatility 53.5%MPWRSPY (S&P 500)NVDATSMAVGOMXLSITMONNVTSAMDVRTADISLABSYNADIODMCHPSTMNXPIVSHPOWI0.0%50.0%100%150%−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 volatilityMPWR: 18.9% a year, volatility 55.5%SPY (S&P 500): 12.5% a year, volatility 17.2%NVDA: 56.5% a year, volatility 51.9%TSM: 31.0% a year, volatility 38.6%AVGO: 46.9% a year, volatility 44.6%MXL: 4.3% a year, volatility 83.5%SITM: 15.2% a year, volatility 78.0%ON: 9.8% a year, volatility 55.9%NVTS: −7.0% a year, volatility 124%AMD: 33.5% a year, volatility 57.7%VRT: 52.2% a year, volatility 64.3%ADI: 18.6% a year, volatility 34.2%TXN: 10.1% a year, volatility 33.8%SLAB: 7.8% a year, volatility 48.3%SYNA: −8.0% a year, volatility 54.7%DIOD: −2.4% a year, volatility 50.1%MCHP: 2.0% a year, volatility 45.9%STM: 0.9% a year, volatility 47.9%NXPI: 5.5% a year, volatility 42.3%VSH: 9.0% a year, volatility 47.5%POWI: −13.3% a year, volatility 46.6%CRUS: 6.6% a year, volatility 36.9%ALGM: −0.9% a year, volatility 53.5%MPWRSPY (S&P 500)NVDATSMAVGOMXLSITMNVTSAMDVRTADISLABSYNADIODMCHPSTMNXPIVSHPOWI
All figures
InvestmentAnnual returnVolatility
NVDA NVIDIA Corporation+56.5%51.9%
VRT Vertiv Holdings Co+52.2%64.3%
AVGO Broadcom Inc.+46.9%44.6%
AMD Advanced Micro Devices, Inc.+33.5%57.7%
TSM Taiwan Semiconductor Manufacturing Company Limited+31.0%38.6%
MPWR This pageMonolithic Power Systems, Inc.+18.9%55.5%
ADI Analog Devices, Inc.+18.6%34.2%
SITM SiTime Corporation+15.2%78.0%
SPY S&P 500State Street SPDR S&P 500 ETF+12.5%17.2%
TXN Texas Instruments Incorporated+10.1%33.8%
ON ON Semiconductor Corporation+9.8%55.9%
VSH Vishay Intertechnology, Inc.+9.0%47.5%
SLAB Silicon Laboratories Inc.+7.8%48.3%
CRUS Cirrus Logic, Inc.+6.6%36.9%
NXPI NXP Semiconductors N.V.+5.5%42.3%
MXL MaxLinear, Inc.+4.3%83.5%
MCHP Microchip Technology Incorporated+2.0%45.9%
STM STMicroelectronics N.V.+0.9%47.9%
ALGM Allegro MicroSystems, Inc.−0.9%53.5%
DIOD Diodes Incorporated−2.4%50.1%
NVTS Navitas Semiconductor Corp−7.0%124%
SYNA Synaptics Incorporated−8.0%54.7%
POWI Power Integrations, Inc.−13.3%46.6%
Open these 23 in EasyCompare

Has MPWR consistently beaten its popular alternatives?

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

A green cell means the alternative earned more than MPWR 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
MPWR Monolithic Power Systems, Inc. (this page)—−15.3%−16.4%−23.0%+25.4%+17.4%+189%+137%+1,495%55.5%0.59−51.6%—$57B—
NVDA QualifiedNVIDIA Corporation4/5 short3/3 longAll-weather−7.3%+0.2%+5.0%+12.6%+18.0%+395%+839%+12,166%51.9%1.12−66.3%—$5.1T—
AMD QualifiedAdvanced Micro Devices, Inc.4/5 short3/3 longAll-weather−18.6%−8.0%+67.4%+127%+121%+408%+324%+7,146%57.7%0.79−65.5%—$829B—
TSM QualifiedTaiwan Semiconductor Manufacturing Company Limited5/5 short2/3 long−8.8%−1.8%+7.0%+30.0%+44.2%+368%+285%+1,440%38.6%0.90−56.6%—$2.1T—
AVGO SemiconductorsBroadcom Inc.1/5 short3/3 long−11.3%−18.4%−23.3%−6.5%−4.3%+287%+585%+2,254%44.6%1.09−48.3%—$1.5T—
VRT Electrical Equipment & PartsVertiv Holdings Co0/5 short2/3 long−22.8%−35.0%−35.9%+11.5%+14.1%+427%+717%—64.3%0.99−71.3%—$75B—
MXL SemiconductorsMaxLinear, Inc.3/5 short1/3 long−25.3%−24.8%+92.6%+253%+289%+234%+23.5%+233%83.5%0.45−88.1%—$5.9B—
SITM SemiconductorsSiTime Corporation2/5 short1/3 long−27.0%−21.7%−11.8%+25.1%+74.3%+341%+102%—78.0%0.57−78.1%—$14B—
ADI SemiconductorsAnalog Devices, Inc.5/5 short0/3 long−1.2%+0.1%+1.7%+42.2%+62.5%+147%+135%+625%34.2%0.67−33.6%—$187B—
TXN SemiconductorsTexas Instruments Incorporated5/5 short0/3 long+3.0%−4.5%+19.5%+60.1%+68.0%+108%+61.8%+413%33.8%0.45−33.4%—$255B—
SLAB SemiconductorsSilicon Laboratories Inc.5/5 short0/3 long−0.4%+1.8%+3.2%+67.6%+67.7%+121%+45.9%+274%48.3%0.39−59.0%—$7.4B—
SYNA SemiconductorsSynaptics Incorporated5/5 short0/3 long+19.9%−3.0%+38.2%+54.5%+69.9%+34.8%−34.2%+69.8%54.7%0.12−85.3%—$4.6B—
ON SemiconductorsON Semiconductor Corporation4/5 short0/3 long−0.5%−20.7%−17.7%+29.2%+41.0%−12.4%+59.3%+506%55.9%0.45−70.4%—$29B—
DIOD SemiconductorsDiodes Incorporated4/5 short0/3 long−14.9%−14.1%−16.4%+58.7%+45.1%+13.6%−11.4%+294%50.1%0.20−69.5%—$3.8B—
MCHP SemiconductorsMicrochip Technology Incorporated4/5 short0/3 long−1.7%−11.8%−8.7%+16.5%+18.5%+8.0%+10.5%+197%45.9%0.27−63.8%—$40B—
STM SemiconductorsSTMicroelectronics N.V.3/5 short0/3 long−17.4%−32.9%−1.4%+62.0%+52.8%+14.3%+4.8%+498%47.9%0.26−66.6%—$39B—
NXPI SemiconductorsNXP Semiconductors N.V.3/5 short0/3 long+0.1%−14.3%+6.2%+8.9%+11.4%+37.5%+30.4%+166%42.3%0.33−53.3%—$60B—
VSH SemiconductorsVishay Intertechnology, Inc.3/5 short0/3 long−18.4%−32.0%+0.8%+78.7%+65.3%+26.0%+54.0%+127%47.5%0.42−63.5%—$3.8B—
POWI SemiconductorsPower Integrations, Inc.2/5 short0/3 long−8.4%−34.7%−33.9%+27.8%+13.1%−29.8%−50.9%+65.6%46.6%-0.08−70.7%—$2.6B—
CRUS SemiconductorsCirrus Logic, Inc.1/5 short0/3 long−8.2%−20.8%−35.0%−7.7%−14.3%+65.2%+37.6%+100%36.9%0.36−55.9%—$5.5B—
ALGM SemiconductorsAllegro MicroSystems, Inc.1/5 short0/3 long−10.8%−36.5%−25.0%+17.8%+3.2%+11.8%−4.3%—53.5%0.25−68.7%—$5.9B—
NVTS SemiconductorsNavitas Semiconductor Corp0/5 short0/3 long−31.9%−33.0%−54.0%+1.3%−37.6%+57.8%−30.3%—124%0.44−92.0%—$2.2B—
Open these 22 in EasyCompare

How did MPWR do year by year?

This table shows each investment's total return in every full calendar year since 2005, along with where MPWR ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with MPWR and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Note: MPWR began trading on November 19, 2004, so the table starts with 2005, its first full calendar year, and cannot show how it fared during the dot-com bust.

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

InvestmentYears ahead of MPWR202520242023202220212020201920182017201620152014201320122011201020092008200720062005
MPWR This pageMonolithic Power Systems, Inc.—+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%
Rank among alternativesTop quarter in 9 of 215 of 229 of 226 of 2211 of 2212 of 213 of 2010 of 193 of 187 of 1814 of 184 of 183 of 187 of 183 of 188 of 1816 of 168 of 156 of 151 of 1514 of 152 of 15
SPY S&P 500State Street SPDR S&P 500 ETF6 of 21+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%
NVDA NVIDIA Corporation11 of 21+38.9%+171%+239%−50.2%+125%+122%+76.4%−30.8%+82.5%+228%+67.1%+27.4%+33.5%−11.0%−10.0%−17.6%+131%−76.3%+37.9%+102%+55.2%
AMD Advanced Micro Devices, Inc.9 of 21+77.3%−18.1%+128%−55.0%+56.9%+100.0%+148%+79.6%−9.3%+295%+7.5%−31.0%+61.3%−55.6%−34.0%−15.5%+348%−71.2%−63.1%−33.5%+39.0%
TSM Taiwan Semiconductor Manufacturing Company Limited7 of 21+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%
AVGO Broadcom Inc.10 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%—————
VRT Vertiv Holdings Co2 of 7+42.8%+137%+252%−45.3%+33.8%+69.4%+12.5%——————————————
MXL MaxLinear, Inc.4 of 15−11.9%−16.8%−30.0%−55.0%+97.4%+80.0%+20.6%−33.4%+21.2%+48.0%+98.8%−29.0%+108%+5.7%−55.9%——————
SITM SiTime Corporation4 of 6+64.6%+75.7%+20.1%−65.3%+161%+339%———————————————
ADI Analog Devices, Inc.7 of 21+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%
TXN Texas Instruments Incorporated6 of 21−4.5%+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%
SLAB Silicon Laboratories Inc.7 of 21+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%
SYNA Synaptics Incorporated7 of 21−3.0%−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%
ON ON Semiconductor Corporation6 of 21−14.1%−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%
DIOD Diodes Incorporated7 of 21−20.0%−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%
MCHP Microchip Technology Incorporated7 of 21+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%
STM STMicroelectronics N.V.6 of 21+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%
NXPI NXP Semiconductors N.V.5 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%——————
VSH Vishay Intertechnology, Inc.5 of 21−12.2%−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%
POWI Power Integrations, Inc.6 of 21−41.3%−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%
CRUS Cirrus Logic, Inc.9 of 21+19.0%+19.7%+11.7%−19.1%+11.9%−0.3%+148%−36.0%−8.3%+91.5%+25.3%+15.4%−29.5%+82.8%−0.8%+134%+154%−49.2%−23.3%+3.0%+21.2%
ALGM Allegro MicroSystems, Inc.1 of 5+20.7%−27.8%+0.8%−17.0%+35.7%————————————————
NVTS Navitas Semiconductor Corp2 of 4+100%−55.8%+130%−79.4%—————————————————
Open these 23 in EasyCompare

Risk and diversification

How MPWR 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 MPWR's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents MPWR's five deepest drawdowns since it began trading in 2004, 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.

Note: MPWR began trading on November 19, 2004, so this list cannot include the dot-com bust. The crash tests on this page show how older funds and the S&P 500 fared through those years.

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

DuringMPWR fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2008 financial crisis−72.3%−32.3%Aug 2008Dec 20084 monthsAug 20134.7 years
No named crash−58.5%+1.3%Feb 2006Aug 20066 monthsAug 200712 months
No named crash−51.6%−10.6%Aug 2024Apr 20258 monthsOct 20256 months
No named crash−47.4%−1.9%Dec 2004May 20055 monthsOct 20055 months
2022 bear market−46.0%−22.6%Nov 2021Oct 202211 monthsJul 20239 months

How did MPWR do in stock market crashes?

This section measures how far MPWR, 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: MPWR began trading on November 19, 2004, 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 MPWR.

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
MPWR This pageMonolithic Power Systems, Inc.—−5.1%−39.7%−27.9%−21.4%−9.8%−18.1%−32.0%−5.4%−72.3%Not yet trading
SPY S&P 500State Street SPDR S&P 500 ETF8 of 9−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
NVDA NVIDIA Corporation3 of 9−5.0%−60.7%−37.5%−55.9%−8.5%−25.3%−23.8%−1.7%−85.1%−89.7%
AMD Advanced Micro Devices, Inc.2 of 9−3.9%−60.1%−34.3%−48.9%−9.9%−40.0%−41.5%0.0%−87.6%−93.3%
TSM Taiwan Semiconductor Manufacturing Company Limited6 of 9−3.9%−54.3%−23.3%−21.4%−9.3%−13.2%−15.7%0.0%−48.0%−82.4%
AVGO Broadcom Inc.6 of 8−2.8%−34.3%−46.8%−15.2%−4.5%−21.6%−26.7%0.0%——
VRT Vertiv Holdings Co1 of 4−12.2%−65.7%−58.6%−3.4%——————
MXL MaxLinear, Inc.2 of 8−7.2%−58.4%−56.6%−23.8%−4.0%−23.7%−33.7%−2.8%——
SITM SiTime Corporation0 of 3−6.1%−71.0%−46.1%———————
ADI Analog Devices, Inc.7 of 9−2.6%−22.6%−33.6%−18.1%−7.2%−22.7%−18.6%−1.2%−55.0%−82.0%
TXN Texas Instruments Incorporated6 of 9−2.6%−21.7%−29.8%−19.5%−9.3%−18.4%−21.6%−1.3%−61.4%−85.4%
SLAB Silicon Laboratories Inc.4 of 9−3.4%−42.9%−34.8%−22.7%−10.1%−32.0%−25.2%−1.9%−60.6%—
SYNA Synaptics Incorporated4 of 9−6.7%−68.3%−40.4%−28.7%−5.1%−34.1%−13.9%−1.1%−64.4%—
ON ON Semiconductor Corporation3 of 9−6.4%−34.0%−59.6%−23.7%−12.2%−39.2%−28.5%0.0%−80.0%—
DIOD Diodes Incorporated4 of 9−4.0%−45.5%−33.1%−18.6%−5.0%−29.6%−34.3%−3.4%−90.1%−86.5%
MCHP Microchip Technology Incorporated5 of 9−3.8%−35.3%−49.0%−25.9%−14.4%−18.6%−12.7%−0.4%−55.2%−58.7%
STM STMicroelectronics N.V.3 of 9−3.2%−40.6%−49.6%−31.0%−9.1%−31.6%−36.9%−3.2%−77.2%−83.5%
NXPI NXP Semiconductors N.V.3 of 7−4.2%−38.8%−52.0%−27.4%−4.0%−35.5%−39.8%———
VSH Vishay Intertechnology, Inc.4 of 9−2.4%−22.2%−42.4%−21.6%−20.8%−16.4%−46.6%−2.0%−84.8%−88.5%
POWI Power Integrations, Inc.7 of 9−3.3%−35.7%−21.7%−26.1%−7.5%−20.9%−24.3%0.0%−57.5%−84.3%
CRUS Cirrus Logic, Inc.4 of 9−4.1%−32.3%−37.4%−25.2%−13.9%−27.4%−21.4%−5.6%−70.5%−96.8%
ALGM Allegro MicroSystems, Inc.0 of 2−5.9%−44.4%————————
NVTS Navitas Semiconductor Corp0 of 2−8.6%−76.9%————————
Open these 23 in EasyCompare

How closely does MPWR 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 MPWR 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 MPWR's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
MPWR This pageMonolithic Power Systems, Inc.156%107%1.461.31
AVGO Broadcom Inc.158%86%1.851.19
TSM Taiwan Semiconductor Manufacturing Company Limited138%75%1.841.15
NVDA NVIDIA Corporation248%140%1.771.83
AMD Advanced Micro Devices, Inc.254%179%1.422.25
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
DIOD Diodes Incorporated128%146%0.881.53
SLAB Silicon Laboratories Inc.113%130%0.871.18
ON ON Semiconductor Corporation161%185%0.871.95
CRUS Cirrus Logic, Inc.71%85%0.841.02
MXL MaxLinear, Inc.140%169%0.832.95
MCHP Microchip Technology Incorporated127%170%0.751.72
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
Open these 18 in EasyCompare

What diversifies MPWR?

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

ETFs

InvestmentCorrelation5Y returnSharpe20242022201120102008200680/20 mix volatility80/20 mix annual return
MPWR Monolithic Power Systems, Inc. (this page)1.00+137%0.59−5.5%−27.8%−8.8%−31.1%−41.3%−25.9%45.0%+23.6%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.28+119%1.48+15.9%+3.8%————36.6%+23.9%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.26+225%1.34+29.8%+6.0%−16.1%−1.8%−20.8%—36.8%+26.0%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.21+103%1.06+33.4%+10.4%————36.7%+23.7%
HDV Dividend & IncomeiShares Core High Dividend ETF0.21+86.8%1.03+14.2%+7.0%————36.7%+23.0%
EWP Broad MarketiShares MSCI Spain ETF0.36+141%0.97+5.7%−5.2%−9.8%−18.8%−36.8%+49.2%37.6%+24.6%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.47+83.6%0.95+13.4%−5.1%————37.1%+23.1%
XLE EnergyState Street Energy Select Sector SPDR ETF0.04+178%0.94+5.6%+64.4%+2.8%+21.9%−39.0%+18.0%36.6%+25.9%
GLD CommoditiesSPDR Gold Shares0.17+120%0.93+26.7%−0.8%+9.6%+29.3%+4.9%+22.6%36.8%+24.4%

Stocks

InvestmentCorrelation5Y returnSharpe20242022201120102008200680/20 mix volatility80/20 mix annual return
MPWR Monolithic Power Systems, Inc. (this page)1.00+137%0.59−5.5%−27.8%−8.8%−31.1%−41.3%−25.9%45.0%+23.6%
CAH Medical - DistributionCardinal Health, Inc.-0.04+471%1.54+19.0%+54.1%+8.1%+21.4%−39.6%−5.8%36.2%+28.9%
CLS Hardware, Equipment & PartsCelestica Inc.0.31+2,780%1.43+215%+1.3%−24.4%+2.8%−20.5%−26.0%41.2%+41.5%
MCK Medical - DistributionMcKesson Corporation-0.16+397%1.41+23.7%+51.8%+11.8%+13.8%−40.4%−1.2%35.6%+28.5%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.42+1,452%1.41+107%+17.0%−17.0%+8.7%−15.2%+38.9%40.6%+37.0%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.10+660%1.39−4.0%+86.6%————37.2%+30.9%
Open these 14 in EasyCompare

Common questions

What was MPWR's worst drawdown?

MPWR's deepest decline since it began trading in 2004 was 72.3%, from August to December 2008. It took about five years from the low to climb back to its old high. Because MPWR launched in November 2004, that record does not include the dot-com bust.

What were MPWR's best and worst years?

Over 21 full calendar years, MPWR's best year was 2020, when it returned 107%. Its worst was 2008, with a return of -41.3%.

Is there a better investment than MPWR?

Among MPWR's popular alternatives, NVDA, TSM and AVGO earned more than MPWR with less volatility over the past 5 years. NVDA returned 56.5% a year at 51.9% volatility, against 18.8% a year at 55.5%. Looking beyond its popular alternatives, APH (electronic components) and SMH (semiconductors) earned more than MPWR with less volatility over the past 5 years. APH returned 31.3% a year at 32.4% volatility, against 18.8% a year at 55.5%.

Is MPWR more volatile than the S&P 500?

Yes. MPWR's volatility over the past 5 years was 55.5%, 3.2 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, MPWR's return lands within 55.5% 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 MPWR's Sharpe ratio?

MPWR's Sharpe ratio over the past 5 years was 0.59, against 0.78 for the S&P 500, so MPWR 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 MPWR with the S&P 500?

Over the past 5 years, MPWR's monthly returns had a correlation of 0.58 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 MPWR instead: the lower it is, the more that option would diversify a MPWR holding.

What are the best alternatives to MPWR?

Of the 21 popular alternatives we compared, three outperformed MPWR in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: NVDA, AMD and TSM.

Did MPWR outperform the S&P 500?

MPWR finished ahead of the S&P 500 (SPY) in 15 of 21 full calendar years. In 2025, it returned +54.5%, against +17.7% for the index.

How did MPWR do in stock market crashes?

MPWR fell less than the S&P 500 (SPY) in one of the nine major crashes it has traded through, and further in eight. The clearest case was the 2008 financial crisis, when MPWR fell 72.3% and the S&P 500 fell 55.2%.

What diversifies MPWR?

These had a low correlation with MPWR over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.28), DXJ (correlation 0.26) and EMLP (correlation 0.21); among large stocks, CAH (correlation -0.04), CLS (correlation 0.31) and MCK (correlation -0.16). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to MPWR

Other stocks and ETFs