CDRO vs. ALAB

Last updated Jun 4, 2026

CDRO (Codere Online Luxembourg, S.A.) and ALAB (Astera Labs, Inc.) are both stocks. CDRO operates in Gambling (Consumer Cyclical), while ALAB operates in Semiconductors (Technology). Over the past year, CDRO returned 31.72% vs 282.31% for ALAB. At a 0.17 correlation, their price movements are largely independent.

Performance

CDRO vs. ALAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Codere Online Luxembourg, S.A. (CDRO) and Astera Labs, Inc. (ALAB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDRO achieves a 18.93% return, which is significantly lower than ALAB's 118.53% return.

CDRO

• 1D: 0.10%
• 1M: 5.41%
• YTD: 18.93%
• 6M: 33.01%
• 1Y: 31.72%
• 3Y*: 46.94%
• 5Y*: —
• 10Y*: —

ALAB

• 1D: 2.19%
• 1M: 80.64%
• YTD: 118.53%
• 6M: 138.39%
• 1Y: 282.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CDRO vs. ALAB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CDRO Codere Online Luxembourg, S.A.	18.93%	24.50%	-3.30%
ALAB Astera Labs, Inc.	118.53%	25.60%	113.53%

Correlation

The correlation between CDRO and ALAB is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024	0.17

Fundamentals

Total Revenue (TTM) CDRO : $200.70M ALAB : $1.00B
Gross Profit (TTM) CDRO : $181.92M ALAB : $760.99M
EBITDA (TTM) CDRO : $4.47M ALAB : $253.12M

Return for Risk

CDRO vs. ALAB — Risk / Return Rank

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

CDRO

CDRO Risk / Return Rank: 66
CDRO Sharpe Ratio Rank: 71
CDRO Sortino Ratio Rank: 69
CDRO Omega Ratio Rank: 68
CDRO Calmar Ratio Rank: 59
CDRO Martin Ratio Rank: 63

ALAB

ALAB Risk / Return Rank: 89
ALAB Sharpe Ratio Rank: 94
ALAB Sortino Ratio Rank: 88
ALAB Omega Ratio Rank: 87
ALAB Calmar Ratio Rank: 90
ALAB Martin Ratio Rank: 86

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.

CDRO vs. ALAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Codere Online Luxembourg, S.A. (CDRO) and Astera Labs, Inc. (ALAB). 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.

	CDRO	ALAB	Difference
Sharpe ratio Return per unit of total volatility	0.98	3.01	-2.03
Sortino ratio Return per unit of downside risk	1.71	3.06	-1.35
Omega ratio Gain probability vs. loss probability	1.21	1.39	-0.18
Calmar ratio Return relative to maximum drawdown	0.85	4.72	-3.88
Martin ratio Return relative to average drawdown	2.38	9.31	-6.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDRO vs. ALAB - Sharpe Ratio Comparison

The current CDRO Sharpe Ratio is 0.98, which is lower than the ALAB Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of CDRO and ALAB, 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

	CDRO	ALAB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	3.01	-2.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	1.34	-1.28

Drawdowns

CDRO vs. ALAB - Drawdown Comparison

The maximum CDRO drawdown since its inception was -75.50%, which is greater than ALAB's maximum drawdown of -63.69%. Use the drawdown chart below to compare losses from any high point for CDRO and ALAB.

Drawdown Indicators

	CDRO	ALAB	Difference
Max Drawdown Largest peak-to-trough decline	-75.50%	-63.69%	-11.81%
Max Drawdown (1Y) Largest decline over 1 year	-37.59%	-60.19%	+22.60%
Max Drawdown (3Y) Largest decline over 3 years	-37.59%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-35.17%	-29.85%	-5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.37%	30.49%	-17.12%

Volatility

CDRO vs. ALAB - Volatility Comparison

The current volatility for Codere Online Luxembourg, S.A. (CDRO) is 5.94%, while Astera Labs, Inc. (ALAB) has a volatility of 29.16%. This indicates that CDRO experiences smaller price fluctuations and is considered to be less risky than ALAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDRO	ALAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	29.16%	-23.22%
Volatility (6M) Calculated over the trailing 6-month period	17.12%	70.78%	-53.66%
Volatility (1Y) Calculated over the trailing 1-year period	32.59%	94.41%	-61.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.58%	92.55%	-29.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.58%	92.55%	-29.97%

Dividends

CDRO vs. ALAB - Dividend Comparison

Neither CDRO nor ALAB has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CDRO and ALAB in my portfolio?

CDRO and ALAB have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDRO or ALAB?

ALAB has higher volatility (29.16%) compared to CDRO (5.94%). In terms of maximum drawdown, CDRO dropped -75.50% vs ALAB's -63.69%.

Which has better risk-adjusted returns?

ALAB currently has the higher Sharpe Ratio (3.01 vs 0.98), 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.