ALGM vs. AOSL
ALGM (Allegro MicroSystems, Inc.) and AOSL (Alpha and Omega Semiconductor Limited) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 5 years, ALGM returned 13.69%/yr vs 4.56%/yr for AOSL. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
ALGM vs. AOSL - Performance Comparison
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Returns By Period
In the year-to-date period, ALGM achieves a 92.78% return, which is significantly higher than AOSL's 75.11% return.
ALGM
- 1D
- -7.32%
- 1M
- 0.89%
- 6M
- 68.56%
- YTD
- 92.78%
- 1Y
- 38.34%
- 3Y*
- 0.65%
- 5Y*
- 13.69%
- 10Y*
- —
AOSL
- 1D
- -7.64%
- 1M
- -23.27%
- 6M
- 56.12%
- YTD
- 75.11%
- 1Y
- 25.51%
- 3Y*
- 2.71%
- 5Y*
- 4.56%
- 10Y*
- 9.38%
ALGM vs. AOSL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ALGM Allegro MicroSystems, Inc. | 92.78% | 20.68% | -27.78% | 0.83% | -17.03% | 35.71% | 37.42% |
AOSL Alpha and Omega Semiconductor Limited | 75.11% | -46.50% | 42.10% | -8.79% | -52.82% | 156.18% | 54.51% |
Correlation
The correlation between ALGM and AOSL is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020 | 0.59 |
The correlation between ALGM and AOSL has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
Fundamentals
ALGM:
$9.47B
AOSL:
$1.04B
ALGM:
-$0.08
AOSL:
-$2.58
ALGM:
10.62
AOSL:
1.51
ALGM:
9.85
AOSL:
1.30
ALGM:
$890.10M
AOSL:
$685.04M
ALGM:
$411.97M
AOSL:
$153.49M
ALGM:
$60.02M
AOSL:
-$23.38M
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Return for Risk
ALGM vs. AOSL — Risk / Return Rank
ALGM
AOSL
ALGM vs. AOSL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allegro MicroSystems, Inc. (ALGM) and Alpha and Omega Semiconductor Limited (AOSL). 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.
| ALGM | AOSL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.14 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.57 | +0.45 |
| Martin ratioReturn relative to average drawdown | 2.12 | 1.07 | +1.05 |
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Drawdowns
ALGM vs. AOSL - Drawdown Comparison
The maximum ALGM drawdown since its inception was -68.65%, smaller than the maximum AOSL drawdown of -75.27%. Use the drawdown chart below to compare losses from any high point for ALGM and AOSL.
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Drawdown Indicators
| ALGM | AOSL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.65% | -75.27% | +6.62% |
Max Drawdown (1Y)Largest decline over 1 year | -37.86% | -45.32% | +7.46% |
Max Drawdown (3Y)Largest decline over 3 years | -68.65% | -66.94% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -68.65% | -75.27% | +6.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.27% | — |
Current DrawdownCurrent decline from peak | -26.95% | -47.22% | +20.27% |
Average DrawdownAverage peak-to-trough decline | -31.59% | -43.41% | +11.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.22% | 23.83% | -5.61% |
Volatility
ALGM vs. AOSL - Volatility Comparison
Allegro MicroSystems, Inc. (ALGM) and Alpha and Omega Semiconductor Limited (AOSL) have volatilities of 35.56% and 34.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGM | AOSL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.56% | 34.35% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 55.53% | 69.06% | -13.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.14% | 83.54% | -19.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.73% | 71.60% | -18.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.59% | 64.53% | -10.94% |
Dividends
ALGM vs. AOSL - Dividend Comparison
Neither ALGM nor AOSL has paid dividends to shareholders.
Financials
ALGM vs. AOSL - Financials Comparison
This section allows you to compare key financial metrics between Allegro MicroSystems, Inc. and Alpha and Omega Semiconductor Limited. 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
ALGM vs. AOSL - Profitability Comparison
ALGM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Allegro MicroSystems, Inc. reported a gross profit of 114.28M and revenue of 243.19M. Therefore, the gross margin over that period was 47.0%.
AOSL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Alpha and Omega Semiconductor Limited reported a gross profit of 34.53M and revenue of 163.79M. Therefore, the gross margin over that period was 21.1%.
ALGM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Allegro MicroSystems, Inc. reported an operating income of 5.41M and revenue of 243.19M, resulting in an operating margin of 2.2%.
AOSL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Alpha and Omega Semiconductor Limited reported an operating income of -14.06M and revenue of 163.79M, resulting in an operating margin of -8.6%.
ALGM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Allegro MicroSystems, Inc. reported a net income of -16.49M and revenue of 243.19M, resulting in a net margin of -6.8%.
AOSL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Alpha and Omega Semiconductor Limited reported a net income of 15.42M and revenue of 163.79M, resulting in a net margin of 9.4%.
Frequently Asked Questions
ALGM and AOSL have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALGM has higher volatility (35.56%) compared to AOSL (34.35%). In terms of maximum drawdown, ALGM dropped -68.65% vs AOSL's -75.27%.
ALGM currently has the higher Sharpe Ratio (0.60 vs 0.31), 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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