CRDO vs. ADI

Last updated Jun 20, 2026

CRDO (Credo Technology Group Holding Ltd) and ADI (Analog Devices, Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 3 years, CRDO returned 147.04%/yr vs 34.28%/yr for ADI. At a 0.42 correlation, their price movements are largely independent.

Performance

CRDO vs. ADI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Credo Technology Group Holding Ltd (CRDO) and Analog Devices, Inc. (ADI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRDO achieves a 88.92% return, which is significantly higher than ADI's 61.14% return.

CRDO

• 1D: 9.02%
• 1M: 24.46%
• YTD: 88.92%
• 6M: 81.06%
• 1Y: 217.89%
• 3Y*: 147.04%
• 5Y*: —
• 10Y*: —

ADI

• 1D: 4.83%
• 1M: 13.39%
• YTD: 61.14%
• 6M: 59.24%
• 1Y: 92.81%
• 3Y*: 34.28%
• 5Y*: 23.86%
• 10Y*: 24.89%

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

CRDO vs. ADI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CRDO Credo Technology Group Holding Ltd	88.92%	114.09%	245.20%	46.28%	10.00%
ADI Analog Devices, Inc.	61.14%	29.75%	8.82%	23.36%	4.61%

Correlation

The correlation between CRDO and ADI is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.42

The correlation between CRDO and ADI shifts across timeframes, from 0.22 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CRDO : $52.38B ADI : $213.08B
EPS CRDO : $2.50 ADI : $6.72
PE Ratio CRDO : 108.92 ADI : 64.65
PEG Ratio CRDO : 0.09 ADI : 3.98
PS Ratio CRDO : 38.53 ADI : 16.81
PB Ratio CRDO : 25.38 ADI : 6.32
Total Revenue (TTM) CRDO : $1.34B ADI : $12.74B
Gross Profit (TTM) CRDO : $908.35M ADI : $8.22B
EBITDA (TTM) CRDO : $463.79M ADI : $6.19B

Return for Risk

CRDO vs. ADI — Risk / Return Rank

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

CRDO

CRDO Risk / Return Rank: 88
CRDO Sharpe Ratio Rank: 93
CRDO Sortino Ratio Rank: 87
CRDO Omega Ratio Rank: 84
CRDO Calmar Ratio Rank: 89
CRDO Martin Ratio Rank: 88

ADI

ADI Risk / Return Rank: 94
ADI Sharpe Ratio Rank: 95
ADI Sortino Ratio Rank: 94
ADI Omega Ratio Rank: 92
ADI Calmar Ratio Rank: 94
ADI Martin Ratio Rank: 94

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.

CRDO vs. ADI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Credo Technology Group Holding Ltd (CRDO) and Analog Devices, Inc. (ADI). 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.

	CRDO	ADI	Difference
Sharpe ratio: Return per unit of total volatility	2.55	2.87	-0.32
Sortino ratio: Return per unit of downside risk	2.81	3.66	-0.85
Omega ratio: Gain probability vs. loss probability	1.33	1.46	-0.13
Calmar ratio: Return relative to maximum drawdown	4.09	5.86	-1.78
Martin ratio: Return relative to average drawdown	9.86	16.11	-6.26

CRDO vs. ADI - Sharpe Ratio Comparison

The current CRDO Sharpe Ratio is 2.55, which is comparable to the ADI Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of CRDO and ADI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CRDO vs. ADI - Drawdown Comparison

The maximum CRDO drawdown since its inception was -62.04%, smaller than the maximum ADI drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for CRDO and ADI.

Drawdown Indicators

	CRDO	ADI	Difference
Max Drawdown Largest peak-to-trough decline	-62.04%	-82.88%	+20.84%
Max Drawdown (1Y) Largest decline over 1 year	-53.59%	-15.73%	-37.86%
Max Drawdown (3Y) Largest decline over 3 years	-61.05%	-32.20%	-28.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.20%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.62%	—
Current Drawdown Current decline from peak	0.00%	-0.73%	+0.73%
Average Drawdown Average peak-to-trough decline	-19.33%	-33.90%	+14.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.18%	5.71%	+16.47%

Volatility

CRDO vs. ADI - Volatility Comparison

Credo Technology Group Holding Ltd (CRDO) has a higher volatility of 26.28% compared to Analog Devices, Inc. (ADI) at 15.74%. This indicates that CRDO's price experiences larger fluctuations and is considered to be riskier than ADI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRDO	ADI	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.28%	15.74%	+10.54%
Volatility (6M) Calculated over the trailing 6-month period	65.88%	25.86%	+40.02%
Volatility (1Y) Calculated over the trailing 1-year period	86.27%	32.18%	+54.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.58%	33.22%	+48.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.58%	32.83%	+48.75%

Dividends

CRDO vs. ADI - Dividend Comparison

CRDO has not paid dividends to shareholders, while ADI's dividend yield for the trailing twelve months is around 0.96%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADI Analog Devices, Inc.	0.96%	1.46%	1.73%	1.73%	1.85%	1.57%	1.68%	1.82%	2.24%	2.02%	2.31%	2.89%
CRDO Credo Technology Group Holding Ltd	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

CRDO vs. ADI - Profitability Comparison

The chart below illustrates the profitability comparison between Credo Technology Group Holding Ltd and Analog Devices, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

ADI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported a gross profit of 2.44B and revenue of 3.62B. Therefore, the gross margin over that period was 67.3%.

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%.

ADI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported an operating income of 1.38B and revenue of 3.62B, resulting in an operating margin of 38.1%.

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%.

ADI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Analog Devices, Inc. reported a net income of 1.18B and revenue of 3.62B, resulting in a net margin of 32.5%.

Frequently Asked Questions

Can I hold both CRDO and ADI in my portfolio?

CRDO and ADI have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRDO or ADI?

CRDO has higher volatility (26.28%) compared to ADI (15.74%). In terms of maximum drawdown, CRDO dropped -62.04% vs ADI's -82.88%.

Which has better risk-adjusted returns?

ADI currently has the higher Sharpe Ratio (2.87 vs 2.55), 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.