CLS vs. CRDO
CLS (Celestica Inc.) and CRDO (Credo Technology Group Holding Ltd) are both stocks. Both are in the Technology sector — CLS in Electronic Components, CRDO in Communication Equipment. Over the past 3 years, CLS returned 209.55%/yr vs 138.04%/yr for CRDO. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
CLS vs. CRDO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CLS achieves a 30.75% return, which is significantly lower than CRDO's 54.47% return.
CLS
- 1D
- 3.98%
- 1M
- 2.92%
- YTD
- 30.75%
- 6M
- 13.42%
- 1Y
- 220.14%
- 3Y*
- 209.55%
- 5Y*
- 114.81%
- 10Y*
- 43.16%
CRDO
- 1D
- 7.43%
- 1M
- 17.91%
- YTD
- 54.47%
- 6M
- 24.21%
- 1Y
- 204.65%
- 3Y*
- 138.04%
- 5Y*
- —
- 10Y*
- —
CLS vs. CRDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CLS Celestica Inc. | 30.75% | 220.27% | 215.23% | 159.80% | -3.18% |
CRDO Credo Technology Group Holding Ltd | 54.47% | 114.09% | 245.20% | 46.28% | 14.25% |
Correlation
The correlation between CLS and CRDO is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.55 |
The correlation between CLS and CRDO has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
Fundamentals
CLS:
$44.72B
CRDO:
$42.83B
CLS:
$8.28
CRDO:
$2.50
CLS:
46.65
CRDO:
89.06
CLS:
0.63
CRDO:
0.08
CLS:
3.24
CRDO:
31.50
CLS:
21.31
CRDO:
20.75
CLS:
$13.81B
CRDO:
$1.34B
CLS:
$1.60B
CRDO:
$908.35M
CLS:
$1.32B
CRDO:
$463.79M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CLS vs. CRDO — Risk / Return Rank
CLS
CRDO
CLS vs. CRDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS) and Credo Technology Group Holding Ltd (CRDO). 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.
| CLS | CRDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 7.58 | 3.84 | +3.74 |
| Martin ratioReturn relative to average drawdown | 18.88 | 9.27 | +9.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CLS | CRDO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 2.43 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.20 | -0.93 |
Drawdowns
CLS vs. CRDO - Drawdown Comparison
The maximum CLS drawdown since its inception was -96.93%, which is greater than CRDO's maximum drawdown of -62.04%. Use the drawdown chart below to compare losses from any high point for CLS and CRDO.
Loading charts...
Drawdown Indicators
| CLS | CRDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.93% | -62.04% | -34.89% |
Max Drawdown (1Y)Largest decline over 1 year | -29.24% | -53.59% | +24.35% |
Max Drawdown (3Y)Largest decline over 3 years | -53.96% | -61.05% | +7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -53.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.60% | — | — |
Current DrawdownCurrent decline from peak | -18.18% | -5.83% | -12.35% |
Average DrawdownAverage peak-to-trough decline | -73.36% | -19.46% | -53.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.72% | 22.17% | -10.45% |
Volatility
CLS vs. CRDO - Volatility Comparison
The current volatility for Celestica Inc. (CLS) is 26.60%, while Credo Technology Group Holding Ltd (CRDO) has a volatility of 28.82%. This indicates that CLS experiences smaller price fluctuations and is considered to be less risky than CRDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CLS | CRDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.60% | 28.82% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 55.08% | 64.61% | -9.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.52% | 85.09% | -12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.62% | 81.41% | -23.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.93% | 81.41% | -31.48% |
Dividends
CLS vs. CRDO - Dividend Comparison
Neither CLS nor CRDO has paid dividends to shareholders.
Financials
CLS vs. CRDO - Financials Comparison
This section allows you to compare key financial metrics between Celestica Inc. and Credo Technology Group Holding Ltd. 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
CLS vs. CRDO - Profitability Comparison
CLS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a gross profit of 437.20M and revenue of 4.05B. Therefore, the gross margin over that period was 10.8%.
CRDO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported a gross profit of 298.07M and revenue of 437.00M. Therefore, the gross margin over that period was 68.2%.
CLS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported an operating income of 272.10M and revenue of 4.05B, resulting in an operating margin of 6.7%.
CRDO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported an operating income of 155.85M and revenue of 437.00M, resulting in an operating margin of 35.7%.
CLS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Celestica Inc. reported a net income of 212.30M and revenue of 4.05B, resulting in a net margin of 5.3%.
CRDO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Credo Technology Group Holding Ltd reported a net income of 169.10M and revenue of 437.00M, resulting in a net margin of 38.7%.
Frequently Asked Questions
CLS and CRDO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRDO has higher volatility (28.82%) compared to CLS (26.60%). In terms of maximum drawdown, CLS dropped -96.93% vs CRDO's -62.04%.
CLS currently has the higher Sharpe Ratio (3.06 vs 2.43), 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.
Find the right allocation for CLS and CRDO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer