CRDO vs. CLS
CRDO (Credo Technology Group Holding Ltd) and CLS (Celestica Inc.) are both stocks. Both are in the Technology sector — CRDO in Communication Equipment, CLS in Electronic Components. Over the past 3 years, CRDO returned 138.04%/yr vs 209.55%/yr for CLS. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
CRDO vs. CLS - Performance Comparison
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Returns By Period
In the year-to-date period, CRDO achieves a 54.47% return, which is significantly higher than CLS's 30.75% return.
CRDO
- 1D
- 7.43%
- 1M
- 17.91%
- YTD
- 54.47%
- 6M
- 24.21%
- 1Y
- 204.65%
- 3Y*
- 138.04%
- 5Y*
- —
- 10Y*
- —
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 vs. CLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CRDO Credo Technology Group Holding Ltd | 54.47% | 114.09% | 245.20% | 46.28% | 14.25% |
CLS Celestica Inc. | 30.75% | 220.27% | 215.23% | 159.80% | -3.18% |
Correlation
The correlation between CRDO and CLS 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 CRDO and CLS has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
Fundamentals
CRDO:
$42.83B
CLS:
$44.72B
CRDO:
$2.50
CLS:
$8.28
CRDO:
89.06
CLS:
46.65
CRDO:
0.08
CLS:
0.63
CRDO:
31.50
CLS:
3.24
CRDO:
20.75
CLS:
21.31
CRDO:
$1.34B
CLS:
$13.81B
CRDO:
$908.35M
CLS:
$1.60B
CRDO:
$463.79M
CLS:
$1.32B
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Return for Risk
CRDO vs. CLS — Risk / Return Rank
CRDO
CLS
CRDO vs. CLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credo Technology Group Holding Ltd (CRDO) and Celestica Inc. (CLS). 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.
| CRDO | CLS | 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 | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 7.58 | -3.74 |
| Martin ratioReturn relative to average drawdown | 9.27 | 18.88 | -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. | |||
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Sharpe Ratios by Period
| CRDO | CLS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 3.06 | -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 | 1.20 | 0.27 | +0.93 |
Drawdowns
CRDO vs. CLS - Drawdown Comparison
The maximum CRDO drawdown since its inception was -62.04%, smaller than the maximum CLS drawdown of -96.93%. Use the drawdown chart below to compare losses from any high point for CRDO and CLS.
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Drawdown Indicators
| CRDO | CLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.04% | -96.93% | +34.89% |
Max Drawdown (1Y)Largest decline over 1 year | -53.59% | -29.24% | -24.35% |
Max Drawdown (3Y)Largest decline over 3 years | -61.05% | -53.96% | -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 | -5.83% | -18.18% | +12.35% |
Average DrawdownAverage peak-to-trough decline | -19.46% | -73.36% | +53.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.17% | 11.72% | +10.45% |
Volatility
CRDO vs. CLS - Volatility Comparison
Credo Technology Group Holding Ltd (CRDO) has a higher volatility of 28.82% compared to Celestica Inc. (CLS) at 26.60%. This indicates that CRDO's price experiences larger fluctuations and is considered to be riskier than CLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRDO | CLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.82% | 26.60% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 64.61% | 55.08% | +9.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.09% | 72.52% | +12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.41% | 57.62% | +23.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.41% | 49.93% | +31.48% |
Dividends
CRDO vs. CLS - Dividend Comparison
Neither CRDO nor CLS has paid dividends to shareholders.
Financials
CRDO vs. CLS - Financials Comparison
This section allows you to compare key financial metrics between Credo Technology Group Holding Ltd and Celestica Inc.. 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
CRDO vs. CLS - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
CRDO and CLS 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, CRDO dropped -62.04% vs CLS's -96.93%.
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.
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