AAOI vs. CRDO
AAOI (Applied Optoelectronics, Inc.) and CRDO (Credo Technology Group Holding Ltd) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 3 years, AAOI returned 259.45%/yr vs 142.90%/yr for CRDO. At a 0.40 correlation, their price movements are largely independent.
Performance
AAOI vs. CRDO - Performance Comparison
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Returns By Period
In the year-to-date period, AAOI achieves a 384.94% return, which is significantly higher than CRDO's 74.31% return.
AAOI
- 1D
- -2.16%
- 1M
- -16.96%
- YTD
- 384.94%
- 6M
- 427.29%
- 1Y
- 992.76%
- 3Y*
- 259.45%
- 5Y*
- 80.64%
- 10Y*
- 32.75%
CRDO
- 1D
- -5.27%
- 1M
- 35.91%
- YTD
- 74.31%
- 6M
- 74.28%
- 1Y
- 241.28%
- 3Y*
- 142.90%
- 5Y*
- —
- 10Y*
- —
AAOI vs. CRDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAOI Applied Optoelectronics, Inc. | 384.94% | -5.43% | 90.79% | 922.22% | -51.79% |
CRDO Credo Technology Group Holding Ltd | 74.31% | 114.09% | 245.20% | 46.28% | 10.00% |
Correlation
The correlation between AAOI and CRDO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.40 |
Fundamentals
AAOI:
$12.84B
CRDO:
$48.33B
AAOI:
-$0.65
CRDO:
$2.50
AAOI:
22.21
CRDO:
35.55
AAOI:
11.61
CRDO:
23.42
AAOI:
$507.00M
CRDO:
$1.34B
AAOI:
$150.29M
CRDO:
$908.35M
AAOI:
-$26.44M
CRDO:
$463.79M
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Return for Risk
AAOI vs. CRDO — Risk / Return Rank
AAOI
CRDO
AAOI vs. CRDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Optoelectronics, Inc. (AAOI) and Credo Technology Group Holding Ltd (CRDO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAOI | CRDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.35 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 19.07 | 4.46 | +14.61 |
| Martin ratioReturn relative to average drawdown | 52.70 | 10.76 | +41.94 |
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Drawdowns
AAOI vs. CRDO - Drawdown Comparison
The maximum AAOI drawdown since its inception was -98.49%, which is greater than CRDO's maximum drawdown of -62.04%. Use the drawdown chart below to compare losses from any high point for AAOI and CRDO.
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Drawdown Indicators
| AAOI | CRDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.49% | -62.04% | -36.45% |
Max Drawdown (1Y)Largest decline over 1 year | -47.64% | -53.59% | +5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -77.17% | -61.05% | -16.12% |
Max Drawdown (5Y)Largest decline over 5 years | -83.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.49% | — | — |
Current DrawdownCurrent decline from peak | -24.23% | -5.27% | -18.96% |
Average DrawdownAverage peak-to-trough decline | -65.67% | -19.38% | -46.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.21% | 22.17% | -4.96% |
Volatility
AAOI vs. CRDO - Volatility Comparison
Applied Optoelectronics, Inc. (AAOI) has a higher volatility of 40.42% compared to Credo Technology Group Holding Ltd (CRDO) at 28.41%. This indicates that AAOI's price experiences larger fluctuations and is considered to be riskier than CRDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAOI | CRDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.42% | 28.41% | +12.01% |
Volatility (6M)Calculated over the trailing 6-month period | 109.93% | 65.16% | +44.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.42% | 85.70% | +53.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.31% | 81.50% | +37.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.26% | 81.50% | +16.76% |
Dividends
AAOI vs. CRDO - Dividend Comparison
Neither AAOI nor CRDO has paid dividends to shareholders.
Financials
AAOI vs. CRDO - Financials Comparison
This section allows you to compare key financial metrics between Applied Optoelectronics, Inc. and Credo Technology Group Holding Ltd. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AAOI vs. CRDO - Profitability Comparison
AAOI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported a gross profit of 43.92M and revenue of 151.14M. Therefore, the gross margin over that period was 29.1%.
CRDO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported a gross profit of 298.07M and revenue of 437.00M. Therefore, the gross margin over that period was 68.2%.
AAOI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported an operating income of -12.99M and revenue of 151.14M, resulting in an operating margin of -8.6%.
CRDO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported an operating income of 155.85M and revenue of 437.00M, resulting in an operating margin of 35.7%.
AAOI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Optoelectronics, Inc. reported a net income of -14.28M and revenue of 151.14M, resulting in a net margin of -9.5%.
CRDO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported a net income of 169.10M and revenue of 437.00M, resulting in a net margin of 38.7%.
Frequently Asked Questions
AAOI and CRDO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAOI has higher volatility (40.42%) compared to CRDO (28.41%). In terms of maximum drawdown, AAOI dropped -98.49% vs CRDO's -62.04%.
AAOI currently has the higher Sharpe Ratio (6.52 vs 2.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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