COHR vs. CRDO
COHR (Coherent, Inc.) and CRDO (Credo Technology Group Holding Ltd) are both stocks. Both are in the Technology sector — COHR in Scientific & Technical Instruments, CRDO in Semiconductors. Over the past 3 years, COHR returned 107.95%/yr vs 142.90%/yr for CRDO. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
COHR vs. CRDO - Performance Comparison
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Returns By Period
In the year-to-date period, COHR achieves a 108.61% return, which is significantly higher than CRDO's 74.31% return.
COHR
- 1D
- 5.90%
- 1M
- -4.63%
- YTD
- 108.61%
- 6M
- 115.90%
- 1Y
- 375.64%
- 3Y*
- 107.95%
- 5Y*
- 40.59%
- 10Y*
- 34.35%
CRDO
- 1D
- -5.27%
- 1M
- 32.45%
- YTD
- 74.31%
- 6M
- 74.28%
- 1Y
- 237.38%
- 3Y*
- 142.90%
- 5Y*
- —
- 10Y*
- —
COHR vs. CRDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
COHR Coherent, Inc. | 108.61% | 94.84% | 117.62% | 24.02% | -42.32% |
CRDO Credo Technology Group Holding Ltd | 74.31% | 114.09% | 245.20% | 46.28% | 10.00% |
Correlation
The correlation between COHR and CRDO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.51 |
The correlation between COHR and CRDO shifts across timeframes, from 0.40 (1 year) to 0.52 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
COHR:
$1.64K
CRDO:
$2.50
COHR:
0.23
CRDO:
100.50
COHR:
0.04
CRDO:
0.09
COHR:
0.02
CRDO:
35.55
COHR:
$1.81T
CRDO:
$1.34B
COHR:
$1.76B
CRDO:
$908.35M
COHR:
$960.76M
CRDO:
$463.79M
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Return for Risk
COHR vs. CRDO — Risk / Return Rank
COHR
CRDO
COHR vs. CRDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coherent, Inc. (COHR) 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.
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.
| COHR | CRDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.35 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 14.28 | 4.46 | +9.82 |
| Martin ratioReturn relative to average drawdown | 39.14 | 10.76 | +28.38 |
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Drawdowns
COHR vs. CRDO - Drawdown Comparison
The maximum COHR drawdown since its inception was -80.89%, which is greater than CRDO's maximum drawdown of -62.04%. Use the drawdown chart below to compare losses from any high point for COHR and CRDO.
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Drawdown Indicators
| COHR | CRDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -62.04% | -18.85% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -53.59% | +27.07% |
Max Drawdown (3Y)Largest decline over 3 years | -54.85% | -61.05% | +6.20% |
Max Drawdown (5Y)Largest decline over 5 years | -62.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -72.22% | — | — |
Current DrawdownCurrent decline from peak | -9.81% | -5.27% | -4.54% |
Average DrawdownAverage peak-to-trough decline | -35.02% | -19.38% | -15.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.66% | 22.17% | -12.51% |
Volatility
COHR vs. CRDO - Volatility Comparison
Coherent, Inc. (COHR) and Credo Technology Group Holding Ltd (CRDO) have volatilities of 27.87% and 28.41%, 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
| COHR | CRDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.87% | 28.41% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 57.45% | 65.16% | -7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.72% | 85.70% | -11.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.62% | 81.50% | -19.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.55% | 81.50% | -24.95% |
Dividends
COHR vs. CRDO - Dividend Comparison
Neither COHR nor CRDO has paid dividends to shareholders.
Financials
COHR vs. CRDO - Financials Comparison
This section allows you to compare key financial metrics between Coherent, 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
COHR vs. CRDO - Profitability Comparison
COHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a gross profit of 0.00 and revenue of 1.81T. Therefore, the gross margin over that period was 0.0%.
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%.
COHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported an operating income of 0.00 and revenue of 1.81T, resulting in an operating margin of 0.0%.
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%.
COHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a net income of 191.40B and revenue of 1.81T, resulting in a net margin of 10.6%.
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
COHR and CRDO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRDO has higher volatility (28.41%) compared to COHR (27.87%). In terms of maximum drawdown, COHR dropped -80.89% vs CRDO's -62.04%.
COHR currently has the higher Sharpe Ratio (5.14 vs 2.79), 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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