DQ vs. ALAB

Last updated Jun 4, 2026

DQ (Daqo New Energy Corp.) and ALAB (Astera Labs, Inc.) are both stocks. Both are in the Technology sector — DQ in Semiconductor Equipment & Materials, ALAB in Semiconductors. Over the past year, DQ returned 18.44% vs 282.31% for ALAB. At a 0.22 correlation, their price movements are largely independent.

Performance

DQ vs. ALAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daqo New Energy Corp. (DQ) and Astera Labs, Inc. (ALAB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DQ achieves a -45.56% return, which is significantly lower than ALAB's 118.53% return.

DQ

• 1D: -4.40%
• 1M: -19.50%
• YTD: -45.56%
• 6M: -50.45%
• 1Y: 18.44%
• 3Y*: -25.19%
• 5Y*: -27.62%
• 10Y*: 13.45%

ALAB

• 1D: 2.19%
• 1M: 80.64%
• YTD: 118.53%
• 6M: 138.39%
• 1Y: 282.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DQ vs. ALAB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DQ Daqo New Energy Corp.	-45.56%	51.75%	-28.21%
ALAB Astera Labs, Inc.	118.53%	25.60%	113.53%

Correlation

The correlation between DQ and ALAB is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024	0.22

Fundamentals

Market Cap DQ : $1.09B ALAB : $65.86B
EPS DQ : -$2.78 ALAB : $1.48
PS Ratio DQ : 1.91 ALAB : 65.44
PB Ratio DQ : 0.25 ALAB : 44.08
Total Revenue (TTM) DQ : $568.81M ALAB : $1.00B
Gross Profit (TTM) DQ : -$195.95M ALAB : $760.99M
EBITDA (TTM) DQ : -$101.58M ALAB : $253.12M

Return for Risk

DQ vs. ALAB — Risk / Return Rank

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

DQ

DQ Risk / Return Rank: 50
DQ Sharpe Ratio Rank: 50
DQ Sortino Ratio Rank: 52
DQ Omega Ratio Rank: 50
DQ Calmar Ratio Rank: 48
DQ Martin Ratio Rank: 48

ALAB

ALAB Risk / Return Rank: 89
ALAB Sharpe Ratio Rank: 94
ALAB Sortino Ratio Rank: 88
ALAB Omega Ratio Rank: 87
ALAB Calmar Ratio Rank: 90
ALAB Martin Ratio Rank: 86

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.

DQ vs. ALAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daqo New Energy Corp. (DQ) and Astera Labs, Inc. (ALAB). 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.

	DQ	ALAB	Difference
Sharpe ratio Return per unit of total volatility	0.27	3.01	-2.74
Sortino ratio Return per unit of downside risk	0.94	3.06	-2.12
Omega ratio Gain probability vs. loss probability	1.11	1.39	-0.28
Calmar ratio Return relative to maximum drawdown	0.34	4.72	-4.39
Martin ratio Return relative to average drawdown	0.72	9.31	-8.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DQ vs. ALAB - Sharpe Ratio Comparison

The current DQ Sharpe Ratio is 0.27, which is lower than the ALAB Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of DQ and ALAB, 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

	DQ	ALAB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	3.01	-2.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.39	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	1.34	-1.31

Drawdowns

DQ vs. ALAB - Drawdown Comparison

The maximum DQ drawdown since its inception was -94.98%, which is greater than ALAB's maximum drawdown of -63.69%. Use the drawdown chart below to compare losses from any high point for DQ and ALAB.

Drawdown Indicators

	DQ	ALAB	Difference
Max Drawdown Largest peak-to-trough decline	-94.98%	-63.69%	-31.29%
Max Drawdown (1Y) Largest decline over 1 year	-55.00%	-60.19%	+5.19%
Max Drawdown (3Y) Largest decline over 3 years	-70.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-84.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-89.74%	—	—
Current Drawdown Current decline from peak	-87.06%	0.00%	-87.06%
Average Drawdown Average peak-to-trough decline	-60.88%	-29.85%	-31.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.70%	30.49%	-4.79%

Volatility

DQ vs. ALAB - Volatility Comparison

The current volatility for Daqo New Energy Corp. (DQ) is 11.85%, while Astera Labs, Inc. (ALAB) has a volatility of 29.16%. This indicates that DQ experiences smaller price fluctuations and is considered to be less risky than ALAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DQ	ALAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.85%	29.16%	-17.31%
Volatility (6M) Calculated over the trailing 6-month period	37.16%	70.78%	-33.62%
Volatility (1Y) Calculated over the trailing 1-year period	68.12%	94.41%	-26.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.28%	92.55%	-22.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.76%	92.55%	-18.79%

Dividends

DQ vs. ALAB - Dividend Comparison

Neither DQ nor ALAB has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both DQ and ALAB in my portfolio?

DQ and ALAB have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DQ or ALAB?

ALAB has higher volatility (29.16%) compared to DQ (11.85%). In terms of maximum drawdown, DQ dropped -94.98% vs ALAB's -63.69%.

Which has better risk-adjusted returns?

ALAB currently has the higher Sharpe Ratio (3.01 vs 0.27), 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.