ALAB vs. APLD
ALAB (Astera Labs, Inc.) and APLD (Applied Digital Corporation) are both stocks. Both are in the Technology sector — ALAB in Semiconductors, APLD in Information Technology Services. Over the past year, ALAB returned 372.37% vs 337.56% for APLD. At a 0.38 correlation, their price movements are largely independent.
Performance
ALAB vs. APLD - Performance Comparison
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Returns By Period
In the year-to-date period, ALAB achieves a 164.28% return, which is significantly higher than APLD's 84.34% return.
ALAB
- 1D
- 5.42%
- 1M
- 43.27%
- YTD
- 164.28%
- 6M
- 154.70%
- 1Y
- 372.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APLD
- 1D
- -2.98%
- 1M
- -1.46%
- YTD
- 84.34%
- 6M
- 62.71%
- 1Y
- 337.56%
- 3Y*
- 77.44%
- 5Y*
- 105.95%
- 10Y*
- 127.82%
ALAB vs. APLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ALAB Astera Labs, Inc. | 164.28% | 25.60% | 152.00% |
APLD Applied Digital Corporation | 84.34% | 220.94% | 78.50% |
Correlation
The correlation between ALAB and APLD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024 | 0.38 |
Fundamentals
ALAB:
$79.65B
APLD:
$12.28B
ALAB:
$1.48
APLD:
-$0.72
ALAB:
79.14
APLD:
30.64
ALAB:
53.31
APLD:
7.80
ALAB:
$1.00B
APLD:
$390.57M
ALAB:
$760.99M
APLD:
$124.93M
ALAB:
$253.12M
APLD:
-$154.66M
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Return for Risk
ALAB vs. APLD — Risk / Return Rank
ALAB
APLD
ALAB vs. APLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Astera Labs, Inc. (ALAB) and Applied Digital Corporation (APLD). 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.
| ALAB | APLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.39 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 6.24 | 6.76 | -0.53 |
| Martin ratioReturn relative to average drawdown | 12.30 | 16.62 | -4.32 |
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Drawdowns
ALAB vs. APLD - Drawdown Comparison
The maximum ALAB drawdown since its inception was -63.69%, smaller than the maximum APLD drawdown of -99.73%. Use the drawdown chart below to compare losses from any high point for ALAB and APLD.
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Drawdown Indicators
| ALAB | APLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.69% | -99.73% | +36.04% |
Max Drawdown (1Y)Largest decline over 1 year | -60.19% | -50.31% | -9.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -76.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.80% | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.96% | +8.96% |
Average DrawdownAverage peak-to-trough decline | -29.24% | -74.78% | +45.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.47% | 20.43% | +10.04% |
Volatility
ALAB vs. APLD - Volatility Comparison
The current volatility for Astera Labs, Inc. (ALAB) is 28.33%, while Applied Digital Corporation (APLD) has a volatility of 30.09%. This indicates that ALAB experiences smaller price fluctuations and is considered to be less risky than APLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALAB | APLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.33% | 30.09% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 69.78% | 77.05% | -7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.56% | 106.79% | -10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.64% | 165.10% | -71.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.64% | 301.63% | -207.99% |
Dividends
ALAB vs. APLD - Dividend Comparison
Neither ALAB nor APLD has paid dividends to shareholders.
Financials
ALAB vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between Astera Labs, Inc. and Applied Digital Corporation. 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
ALAB vs. APLD - Profitability Comparison
ALAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported a gross profit of 235.14M and revenue of 308.36M. Therefore, the gross margin over that period was 76.3%.
APLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a gross profit of 82.52M and revenue of 161.76M. Therefore, the gross margin over that period was 51.0%.
ALAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported an operating income of 61.83M and revenue of 308.36M, resulting in an operating margin of 20.1%.
APLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported an operating income of -62.13M and revenue of 161.76M, resulting in an operating margin of -38.4%.
ALAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported a net income of 80.31M and revenue of 308.36M, resulting in a net margin of 26.0%.
APLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Digital Corporation reported a net income of -104.11M and revenue of 161.76M, resulting in a net margin of -64.4%.
Frequently Asked Questions
ALAB and APLD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APLD has higher volatility (30.09%) compared to ALAB (28.33%). In terms of maximum drawdown, ALAB dropped -63.69% vs APLD's -99.73%.
ALAB currently has the higher Sharpe Ratio (3.89 vs 3.19), 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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