CRDO vs. LRCX

Last updated Jun 9, 2026

CRDO (Credo Technology Group Holding Ltd) and LRCX (Lam Research Corporation) are both stocks. Both are in the Technology sector — CRDO in Communication Equipment, LRCX in Semiconductor Equipment & Materials. Over the past 3 years, CRDO returned 138.04%/yr vs 76.58%/yr for LRCX. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

CRDO vs. LRCX - Performance Comparison

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

Returns By Period

In the year-to-date period, CRDO achieves a 54.47% return, which is significantly lower than LRCX's 89.76% return.

CRDO

• 1D: 7.43%
• 1M: 17.91%
• YTD: 54.47%
• 6M: 24.21%
• 1Y: 204.65%
• 3Y*: 138.04%
• 5Y*: —
• 10Y*: —

LRCX

• 1D: 6.98%
• 1M: 10.34%
• YTD: 89.76%
• 6M: 99.61%
• 1Y: 278.49%
• 3Y*: 76.58%
• 5Y*: 40.10%
• 10Y*: 46.35%

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

CRDO vs. LRCX - 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%
LRCX Lam Research Corporation	89.76%	139.16%	-6.84%	88.63%	-23.23%

Correlation

The correlation between CRDO and LRCX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022	0.52

The correlation between CRDO and LRCX shifts across timeframes, from 0.37 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CRDO : $42.83B LRCX : $409.71B
EPS CRDO : $2.50 LRCX : $5.29
PE Ratio CRDO : 89.06 LRCX : 61.36
PEG Ratio CRDO : 0.08 LRCX : 4.64
PS Ratio CRDO : 31.50 LRCX : 18.98
PB Ratio CRDO : 20.75 LRCX : 38.71
Total Revenue (TTM) CRDO : $1.34B LRCX : $21.68B
Gross Profit (TTM) CRDO : $908.35M LRCX : $10.84B
EBITDA (TTM) CRDO : $463.79M LRCX : $6.10B

Return for Risk

CRDO vs. LRCX — Risk / Return Rank

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

CRDO

CRDO Risk / Return Rank: 87
CRDO Sharpe Ratio Rank: 92
CRDO Sortino Ratio Rank: 86
CRDO Omega Ratio Rank: 83
CRDO Calmar Ratio Rank: 88
CRDO Martin Ratio Rank: 87

LRCX

LRCX Risk / Return Rank: 98
LRCX Sharpe Ratio Rank: 99
LRCX Sortino Ratio Rank: 97
LRCX Omega Ratio Rank: 96
LRCX Calmar Ratio Rank: 99
LRCX Martin Ratio Rank: 99

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. LRCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Credo Technology Group Holding Ltd (CRDO) and Lam Research Corporation (LRCX). 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	LRCX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	5.46	-3.03
Sortino ratio: Return per unit of downside risk	2.75	4.54	-1.79
Omega ratio: Gain probability vs. loss probability	1.32	1.60	-0.28
Calmar ratio: Return relative to maximum drawdown	3.84	14.02	-10.18
Martin ratio: Return relative to average drawdown	9.27	47.19	-37.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRDO vs. LRCX - Sharpe Ratio Comparison

The current CRDO Sharpe Ratio is 2.43, which is lower than the LRCX Sharpe Ratio of 5.46. The chart below compares the historical Sharpe Ratios of CRDO and LRCX, 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

	CRDO	LRCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	5.46	-3.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	0.43	+0.76

Drawdowns

CRDO vs. LRCX - Drawdown Comparison

The maximum CRDO drawdown since its inception was -62.04%, smaller than the maximum LRCX drawdown of -87.90%. Use the drawdown chart below to compare losses from any high point for CRDO and LRCX.

Drawdown Indicators

	CRDO	LRCX	Difference
Max Drawdown Largest peak-to-trough decline	-62.04%	-87.90%	+25.86%
Max Drawdown (1Y) Largest decline over 1 year	-53.59%	-20.01%	-33.58%
Max Drawdown (3Y) Largest decline over 3 years	-61.05%	-47.10%	-13.95%
Max Drawdown (5Y) Largest decline over 5 years	—	-56.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.39%	—
Current Drawdown Current decline from peak	-5.83%	-5.60%	-0.23%
Average Drawdown Average peak-to-trough decline	-19.46%	-28.18%	+8.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.17%	5.93%	+16.24%

Volatility

CRDO vs. LRCX - Volatility Comparison

Credo Technology Group Holding Ltd (CRDO) has a higher volatility of 28.82% compared to Lam Research Corporation (LRCX) at 18.51%. This indicates that CRDO's price experiences larger fluctuations and is considered to be riskier than LRCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRDO	LRCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.82%	18.51%	+10.31%
Volatility (6M) Calculated over the trailing 6-month period	64.61%	42.13%	+22.48%
Volatility (1Y) Calculated over the trailing 1-year period	85.09%	51.52%	+33.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.41%	46.25%	+35.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.41%	44.76%	+36.65%

Dividends

CRDO vs. LRCX - Dividend Comparison

CRDO has not paid dividends to shareholders, while LRCX's dividend yield for the trailing twelve months is around 0.31%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LRCX Lam Research Corporation	0.31%	0.57%	1.19%	0.95%	1.53%	0.78%	1.04%	1.54%	2.79%	1.01%	1.28%	1.36%

Financials

CRDO vs. LRCX - Profitability Comparison

The chart below illustrates the profitability comparison between Credo Technology Group Holding Ltd and Lam Research Corporation 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%.

LRCX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported a gross profit of 2.91B and revenue of 5.84B. Therefore, the gross margin over that period was 49.8%.

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%.

LRCX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported an operating income of 2.05B and revenue of 5.84B, resulting in an operating margin of 35.0%.

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%.

LRCX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lam Research Corporation reported a net income of 1.83B and revenue of 5.84B, resulting in a net margin of 31.3%.

Frequently Asked Questions

Can I hold both CRDO and LRCX in my portfolio?

CRDO and LRCX have a correlation of 0.37, 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 LRCX?

CRDO has higher volatility (28.82%) compared to LRCX (18.51%). In terms of maximum drawdown, CRDO dropped -62.04% vs LRCX's -87.90%.

Which has better risk-adjusted returns?

LRCX currently has the higher Sharpe Ratio (5.46 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.