GRMN vs MSCI
Comparison between Garmin Ltd (GRMN, Company) and MSCI Inc (MSCI, Company).
GRMN is from the Technology sector, while MSCI is from the Financial Services sector.
5-Year PerformanceGRMN has outperformed MSCI, delivering a return of +13.0% compared to +5.3%
GRMN vs MSCI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GRMN vs MSCI - Historical Returns
Returns include dividend reinvestment.
GRMN vs MSCI - Annual Returns (2000 - 2026)
Returns include dividend reinvestment.
| Year | GRMN | MSCI |
|---|---|---|
| 2026 | +17.02% | +8.40% |
| 2025 | +0.77% | -2.69% |
| 2024 | +65.84% | +9.21% |
| 2023 | +41.13% | +23.97% |
| 2022 | -28.81% | -21.13% |
| 2021 | +16.75% | +40.95% |
| 2020 | +24.79% | +69.23% |
| 2019 | +60.15% | +77.76% |
| 2018 | +9.89% | +16.88% |
| 2017 | +25.77% | +62.75% |
| 2016 | +37.97% | +12.99% |
| 2015 | -25.72% | +53.19% |
| 2014 | +21.67% | +10.40% |
| 2013 | +16.24% | +36.07% |
| 2012 | +9.09% | -5.55% |
| 2011 | +39.94% | -16.53% |
| 2010 | +0.27% | +21.83% |
| 2009 | +44.43% | +70.51% |
| 2008 | -78.27% | -47.53% |
| 2007 | +75.54% | +47.13% |
| 2006 | +66.91% | N/A |
| 2005 | +13.62% | N/A |
| 2004 | +14.29% | N/A |
| 2003 | +83.34% | N/A |
| 2002 | +37.88% | N/A |
| 2001 | +10.75% | N/A |
| 2000 | -1.25% | N/A |
GRMN vs MSCI Drawdown Comparison
The maximum drawdown for GRMN was -87.71%, occurring on Nov 20, 2008. Recovery took 2846 trading sessions.
The maximum drawdown for MSCI was -69.06%, occurring on Nov 20, 2008. Recovery took 750 trading sessions.
The current GRMN drawdown is -11.78%. The current MSCI drawdown is -5.54%.
| Rank | GRMN | MSCI |
|---|---|---|
| #1 | -87.71% Oct 29, 2007 - Feb 20, 2019 | -69.06% Dec 31, 2007 - Dec 21, 2010 |
| #2 | -54.62% Aug 30, 2021 - May 6, 2024 | -43.74% Nov 16, 2021 - Jun 1, 2026 |
| #3 | -51.02% Jan 8, 2004 - Nov 26, 2004 | -36.06% Dec 27, 2010 - Sep 16, 2013 |
| #4 | -42.70% Feb 8, 2001 - Dec 2, 2002 | -32.21% Feb 19, 2020 - Apr 27, 2020 |
| #5 | -38.17% Feb 19, 2020 - Aug 5, 2020 | -25.58% Sep 4, 2018 - Feb 28, 2019 |
| #6 | -36.29% Dec 28, 2004 - Sep 9, 2005 | -14.93% Jul 31, 2015 - Nov 2, 2015 |
| #7 | -27.98% Feb 19, 2025 - Aug 28, 2025 | -14.85% Jul 18, 2019 - Nov 1, 2019 |
| #8 | -27.97% Oct 8, 2025 - Apr 13, 2026 | -14.11% Aug 31, 2016 - Feb 3, 2017 |
| #9 | -27.88% Jun 6, 2003 - Oct 29, 2003 | -13.71% Jul 27, 2020 - Nov 4, 2020 |
| #10 | -22.40% Oct 3, 2005 - Feb 27, 2006 | -13.50% May 18, 2020 - Jul 6, 2020 |
| #11 | -21.56% Jun 29, 2006 - Oct 26, 2006 | -13.49% Sep 18, 2014 - Nov 24, 2014 |
| #12 | -20.32% Sep 27, 2007 - Oct 24, 2007 | -13.30% Dec 29, 2015 - Feb 22, 2016 |
| #13 | -19.77% Dec 11, 2000 - Feb 2, 2001 | -13.21% Jan 12, 2021 - Apr 12, 2021 |
| #14 | -18.02% Oct 26, 2006 - Dec 15, 2006 | -12.38% Mar 12, 2014 - Jul 1, 2014 |
| #15 | -15.61% Apr 20, 2026 - May 15, 2026 | -11.20% Sep 24, 2021 - Oct 29, 2021 |
Correlation
Correlation between GRMN and MSCI is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2003 - 2026)
GRMN vs MSCI dividend yield comparison.
| Year | GRMN | MSCI |
|---|---|---|
| 2026 | 0.83% | 0.67% |
| 2025 | 1.70% | 1.25% |
| 2024 | 1.44% | 1.07% |
| 2023 | 2.27% | 0.98% |
| 2022 | 3.10% | 0.98% |
| 2021 | 1.92% | 0.59% |
| 2020 | 2.01% | 0.65% |
| 2019 | 2.30% | 0.98% |
| 2018 | 3.32% | 1.30% |
| 2017 | 3.42% | 1.04% |
| 2016 | 4.21% | 1.27% |
| 2015 | 5.41% | 1.11% |
| 2014 | 3.58% | 0.38% |
| 2013 | 4.87% | 0.00% |
| 2012 | 6.26% | 0.00% |
| 2011 | 8.04% | 0.00% |
| 2010 | 4.84% | 0.00% |
| 2009 | 2.44% | 0.00% |
| 2008 | 3.91% | 0.00% |
| 2007 | 0.77% | 0.00% |
| 2006 | 0.90% | 0.00% |
| 2005 | 0.75% | 0.00% |
| 2004 | 0.82% | 0.00% |
| 2003 | 0.92% | 0.00% |
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