DLB vs. AMAT
DLB (Dolby Laboratories, Inc.) and AMAT (Applied Materials, Inc.) are both stocks. Both are in the Technology sector — DLB in Information Technology Services, AMAT in Semiconductor Equipment & Materials. Over the past 10 years, DLB returned 2.40%/yr vs 38.86%/yr for AMAT. At a 0.41 correlation, their price movements are largely independent.
Performance
DLB vs. AMAT - Performance Comparison
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Returns By Period
In the year-to-date period, DLB achieves a -17.26% return, which is significantly lower than AMAT's 121.28% return. Over the past 10 years, DLB has underperformed AMAT with an annualized return of 2.40%, while AMAT has yielded a comparatively higher 38.86% annualized return.
DLB
- 1D
- -0.40%
- 1M
- -3.12%
- YTD
- -17.26%
- 6M
- -21.32%
- 1Y
- -27.49%
- 3Y*
- -13.16%
- 5Y*
- -10.74%
- 10Y*
- 2.40%
AMAT
- 1D
- 2.64%
- 1M
- 30.08%
- YTD
- 121.28%
- 6M
- 119.38%
- 1Y
- 234.96%
- 3Y*
- 60.05%
- 5Y*
- 34.02%
- 10Y*
- 38.86%
DLB vs. AMAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLB Dolby Laboratories, Inc. | -17.26% | -16.27% | -7.95% | 23.82% | -24.90% | -0.99% | 42.99% | 12.63% | 0.78% | 38.73% |
AMAT Applied Materials, Inc. | 121.28% | 59.60% | 1.13% | 67.97% | -37.54% | 83.64% | 43.29% | 89.86% | -34.92% | 59.86% |
Correlation
The correlation between DLB and AMAT is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2005 | 0.41 |
The correlation between DLB and AMAT shifts across timeframes, from 0.23 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
DLB:
$5.02B
AMAT:
$453.23B
DLB:
$2.53
AMAT:
$10.61
DLB:
20.79
AMAT:
53.45
DLB:
30.68
AMAT:
6.80
DLB:
3.71
AMAT:
15.67
DLB:
1.92
AMAT:
18.96
DLB:
$1.36B
AMAT:
$29.02B
DLB:
$1.19B
AMAT:
$14.21B
DLB:
$347.35M
AMAT:
$9.92B
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Return for Risk
DLB vs. AMAT — Risk / Return Rank
DLB
AMAT
DLB vs. AMAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dolby Laboratories, Inc. (DLB) and Applied Materials, Inc. (AMAT). 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.
| DLB | AMAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.80 | ||
| Sortino ratioReturn per unit of downside risk | -5.64 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.59 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 10.67 | -11.63 |
| Martin ratioReturn relative to average drawdown | -1.93 | 30.41 | -32.34 |
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Drawdowns
DLB vs. AMAT - Drawdown Comparison
The maximum DLB drawdown since its inception was -62.19%, smaller than the maximum AMAT drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for DLB and AMAT.
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Drawdown Indicators
| DLB | AMAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.19% | -85.22% | +23.03% |
Max Drawdown (1Y)Largest decline over 1 year | -30.11% | -21.37% | -8.74% |
Max Drawdown (3Y)Largest decline over 3 years | -38.92% | -49.88% | +10.96% |
Max Drawdown (5Y)Largest decline over 5 years | -44.41% | -55.14% | +10.73% |
Max Drawdown (10Y)Largest decline over 10 years | -45.04% | -55.14% | +10.10% |
Current DrawdownCurrent decline from peak | -45.04% | 0.00% | -45.04% |
Average DrawdownAverage peak-to-trough decline | -22.37% | -38.78% | +16.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.84% | 7.49% | +7.35% |
Volatility
DLB vs. AMAT - Volatility Comparison
The current volatility for Dolby Laboratories, Inc. (DLB) is 6.02%, while Applied Materials, Inc. (AMAT) has a volatility of 20.52%. This indicates that DLB experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLB | AMAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 20.52% | -14.50% |
Volatility (6M)Calculated over the trailing 6-month period | 20.37% | 38.83% | -18.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.14% | 49.03% | -23.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.03% | 44.20% | -19.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.61% | 42.94% | -16.33% |
Dividends
DLB vs. AMAT - Dividend Comparison
DLB's dividend yield for the trailing twelve months is around 2.68%, more than AMAT's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMAT Applied Materials, Inc. | 0.34% | 0.69% | 0.93% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% |
DLB Dolby Laboratories, Inc. | 2.68% | 2.10% | 1.57% | 1.29% | 1.45% | 0.96% | 0.91% | 1.15% | 1.08% | 0.94% | 1.11% | 1.25% |
Financials
DLB vs. AMAT - Financials Comparison
This section allows you to compare key financial metrics between Dolby Laboratories, Inc. and Applied Materials, 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
DLB vs. AMAT - Profitability Comparison
DLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dolby Laboratories, Inc. reported a gross profit of 350.90M and revenue of 395.63M. Therefore, the gross margin over that period was 88.7%.
AMAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a gross profit of 3.95B and revenue of 7.91B. Therefore, the gross margin over that period was 49.9%.
DLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dolby Laboratories, Inc. reported an operating income of 112.95M and revenue of 395.63M, resulting in an operating margin of 28.6%.
AMAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported an operating income of 2.52B and revenue of 7.91B, resulting in an operating margin of 31.9%.
DLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dolby Laboratories, Inc. reported a net income of 94.92M and revenue of 395.63M, resulting in a net margin of 24.0%.
AMAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a net income of 2.81B and revenue of 7.91B, resulting in a net margin of 35.5%.
Frequently Asked Questions
DLB and AMAT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMAT has higher volatility (20.52%) compared to DLB (6.02%). In terms of maximum drawdown, DLB dropped -62.19% vs AMAT's -85.22%.
AMAT currently has the higher Sharpe Ratio (4.65 vs -1.14), 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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