ADEA vs. PLAB

Last updated Jun 4, 2026

ADEA (Adeia Inc) and PLAB (Photronics, Inc.) are both stocks. Both are in the Technology sector — ADEA in Software - Application, PLAB in Semiconductor Equipment & Materials. Over the past 10 years, ADEA returned 16.84%/yr vs 12.78%/yr for PLAB. At a 0.43 correlation, their price movements are largely independent.

Performance

ADEA vs. PLAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adeia Inc (ADEA) and Photronics, Inc. (PLAB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADEA achieves a 86.55% return, which is significantly higher than PLAB's 0.34% return. Over the past 10 years, ADEA has outperformed PLAB with an annualized return of 16.84%, while PLAB has yielded a comparatively lower 12.78% annualized return.

ADEA

• 1D: 4.53%
• 1M: -4.52%
• YTD: 86.55%
• 6M: 156.21%
• 1Y: 148.04%
• 3Y*: 46.97%
• 5Y*: 42.70%
• 10Y*: 16.84%

PLAB

• 1D: -3.11%
• 1M: -35.11%
• YTD: 0.34%
• 6M: 32.47%
• 1Y: 80.29%
• 3Y*: 13.81%
• 5Y*: 19.40%
• 10Y*: 12.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADEA vs. PLAB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADEA Adeia Inc	86.55%	25.22%	14.75%	33.53%	92.17%	-8.65%	16.55%	4.53%	-21.13%	-43.16%
PLAB Photronics, Inc.	0.34%	35.82%	-24.90%	86.39%	-10.72%	68.91%	-29.19%	62.81%	13.55%	-24.56%

Correlation

The correlation between ADEA and PLAB is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Nov 21, 2003	0.43

The correlation between ADEA and PLAB shifts across timeframes, from 0.43 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ADEA : $3.66B PLAB : $1.88B
EPS ADEA : $1.08 PLAB : $2.70
PE Ratio ADEA : 29.69 PLAB : 11.89
PEG Ratio ADEA : 2.07 PLAB : 0.36
PS Ratio ADEA : 7.87 PLAB : 2.20
PB Ratio ADEA : 7.84 PLAB : 1.11
Total Revenue (TTM) ADEA : $460.49M PLAB : $861.17M
Gross Profit (TTM) ADEA : $312.21M PLAB : $290.85M
EBITDA (TTM) ADEA : $235.56M PLAB : $268.43M

Return for Risk

ADEA vs. PLAB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADEA

ADEA Risk / Return Rank: 90
ADEA Sharpe Ratio Rank: 91
ADEA Sortino Ratio Rank: 88
ADEA Omega Ratio Rank: 90
ADEA Calmar Ratio Rank: 89
ADEA Martin Ratio Rank: 90

PLAB

PLAB Risk / Return Rank: 75
PLAB Sharpe Ratio Rank: 71
PLAB Sortino Ratio Rank: 71
PLAB Omega Ratio Rank: 78
PLAB Calmar Ratio Rank: 73
PLAB Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADEA vs. PLAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adeia Inc (ADEA) and Photronics, Inc. (PLAB). 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.

	ADEA	PLAB	Difference
Sharpe ratio Return per unit of total volatility	2.47	1.00	+1.47
Sortino ratio Return per unit of downside risk	3.01	1.78	+1.23
Omega ratio Gain probability vs. loss probability	1.45	1.29	+0.16
Calmar ratio Return relative to maximum drawdown	4.28	1.92	+2.36
Martin ratio Return relative to average drawdown	12.20	7.44	+4.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADEA vs. PLAB - Sharpe Ratio Comparison

The current ADEA Sharpe Ratio is 2.47, which is higher than the PLAB Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of ADEA and PLAB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADEA	PLAB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	1.00	+1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.34	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.25	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.11	+0.09

Drawdowns

ADEA vs. PLAB - Drawdown Comparison

The maximum ADEA drawdown since its inception was -80.75%, smaller than the maximum PLAB drawdown of -99.22%. Use the drawdown chart below to compare losses from any high point for ADEA and PLAB.

Drawdown Indicators

	ADEA	PLAB	Difference
Max Drawdown Largest peak-to-trough decline	-80.75%	-99.22%	+18.47%
Max Drawdown (1Y) Largest decline over 1 year	-34.81%	-42.01%	+7.20%
Max Drawdown (3Y) Largest decline over 3 years	-34.81%	-50.62%	+15.81%
Max Drawdown (5Y) Largest decline over 5 years	-39.27%	-50.62%	+11.35%
Max Drawdown (10Y) Largest decline over 10 years	-73.66%	-50.62%	-23.04%
Current Drawdown Current decline from peak	-4.52%	-41.58%	+37.06%
Average Drawdown Average peak-to-trough decline	-37.87%	-56.38%	+18.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.18%	10.83%	+1.35%

Volatility

ADEA vs. PLAB - Volatility Comparison

The current volatility for Adeia Inc (ADEA) is 29.27%, while Photronics, Inc. (PLAB) has a volatility of 48.99%. This indicates that ADEA experiences smaller price fluctuations and is considered to be less risky than PLAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADEA	PLAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.27%	48.99%	-19.72%
Volatility (6M) Calculated over the trailing 6-month period	47.80%	75.35%	-27.55%
Volatility (1Y) Calculated over the trailing 1-year period	60.37%	81.18%	-20.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.07%	57.59%	+4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.27%	50.78%	+5.49%

Dividends

ADEA vs. PLAB - Dividend Comparison

ADEA's dividend yield for the trailing twelve months is around 0.62%, while PLAB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADEA Adeia Inc	0.62%	1.16%	1.43%	1.61%	0.95%	1.06%	2.39%	4.32%	4.35%	3.28%	1.81%	2.67%
PLAB Photronics, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

ADEA vs. PLAB - Profitability Comparison

The chart below illustrates the profitability comparison between Adeia Inc and Photronics, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ADEA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported a gross profit of 0.00 and revenue of 104.77M. Therefore, the gross margin over that period was 0.0%.

PLAB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Photronics, Inc. reported a gross profit of 65.76M and revenue of 209.94M. Therefore, the gross margin over that period was 31.3%.

ADEA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported an operating income of 34.83M and revenue of 104.77M, resulting in an operating margin of 33.3%.

PLAB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Photronics, Inc. reported an operating income of -54.80M and revenue of 209.94M, resulting in an operating margin of -26.1%.

ADEA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported a net income of 22.77M and revenue of 104.77M, resulting in a net margin of 21.7%.

PLAB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Photronics, Inc. reported a net income of 31.43M and revenue of 209.94M, resulting in a net margin of 15.0%.

Frequently Asked Questions

Can I hold both ADEA and PLAB in my portfolio?

ADEA and PLAB have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADEA or PLAB?

PLAB has higher volatility (48.99%) compared to ADEA (29.27%). In terms of maximum drawdown, ADEA dropped -80.75% vs PLAB's -99.22%.

Which has better risk-adjusted returns?

ADEA currently has the higher Sharpe Ratio (2.47 vs 1.00), 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.