ALAB vs. QQQM
ALAB (Astera Labs, Inc.) is a stock, while QQQM (Invesco NASDAQ 100 ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past year, ALAB returned 282.31% vs 41.98% for QQQM. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
ALAB vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, ALAB achieves a 118.53% return, which is significantly higher than QQQM's 21.39% return.
ALAB
- 1D
- 2.19%
- 1M
- 80.64%
- YTD
- 118.53%
- 6M
- 138.39%
- 1Y
- 282.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQM
- 1D
- -0.20%
- 1M
- 10.67%
- YTD
- 21.39%
- 6M
- 19.75%
- 1Y
- 41.98%
- 3Y*
- 28.89%
- 5Y*
- 18.07%
- 10Y*
- —
ALAB vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ALAB Astera Labs, Inc. | 118.53% | 25.60% | 113.53% |
QQQM Invesco NASDAQ 100 ETF | 21.39% | 20.85% | 15.79% |
Correlation
The correlation between ALAB and QQQM is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024 | 0.51 |
The correlation between ALAB and QQQM has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.
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Return for Risk
ALAB vs. QQQM — Risk / Return Rank
ALAB
QQQM
ALAB vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Astera Labs, Inc. (ALAB) and Invesco NASDAQ 100 ETF (QQQM). 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.
| ALAB | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.45 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 3.53 | +1.20 |
| Martin ratioReturn relative to average drawdown | 9.31 | 13.52 | -4.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALAB | QQQM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.01 | 2.65 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 0.85 | +0.50 |
Drawdowns
ALAB vs. QQQM - Drawdown Comparison
The maximum ALAB drawdown since its inception was -63.69%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for ALAB and QQQM.
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Drawdown Indicators
| ALAB | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.69% | -35.04% | -28.65% |
Max Drawdown (1Y)Largest decline over 1 year | -60.19% | -11.96% | -48.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.04% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.20% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -29.85% | -8.25% | -21.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.49% | 3.11% | +27.38% |
Volatility
ALAB vs. QQQM - Volatility Comparison
Astera Labs, Inc. (ALAB) has a higher volatility of 29.16% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.48%. This indicates that ALAB's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALAB | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.16% | 4.48% | +24.68% |
Volatility (6M)Calculated over the trailing 6-month period | 70.78% | 12.05% | +58.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.41% | 15.91% | +78.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.55% | 22.24% | +70.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.55% | 22.12% | +70.43% |
Dividends
ALAB vs. QQQM - Dividend Comparison
ALAB has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ALAB Astera Labs, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.41% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
Frequently Asked Questions
ALAB and QQQM have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALAB has higher volatility (29.16%) compared to QQQM (4.48%). In terms of maximum drawdown, ALAB dropped -63.69% vs QQQM's -35.04%.
ALAB currently has the higher Sharpe Ratio (3.01 vs 2.65), 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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