FN vs. ALAB

Last updated Jun 20, 2026

FN (Fabrinet) and ALAB (Astera Labs, Inc.) are both stocks. Both are in the Technology sector — FN in Electronic Components, ALAB in Semiconductors. Over the past year, FN returned 115.55% vs 348.10% for ALAB. At a 0.43 correlation, their price movements are largely independent.

Performance

FN vs. ALAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fabrinet (FN) 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, FN achieves a 26.02% return, which is significantly lower than ALAB's 150.70% return.

FN

• 1D: -1.82%
• 1M: -18.48%
• YTD: 26.02%
• 6M: 20.67%
• 1Y: 115.55%
• 3Y*: 64.45%
• 5Y*: 44.47%
• 10Y*: 31.23%

ALAB

• 1D: 11.31%
• 1M: 40.03%
• YTD: 150.70%
• 6M: 153.69%
• 1Y: 348.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FN vs. ALAB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FN Fabrinet	26.02%	107.06%	14.09%
ALAB Astera Labs, Inc.	150.70%	25.60%	152.00%

Correlation

The correlation between FN and ALAB is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.43

Fundamentals

Market Cap FN : $20.78B ALAB : $75.56B
EPS FN : $11.65 ALAB : $1.48
PE Ratio FN : 49.26 ALAB : 280.93
PS Ratio FN : 4.90 ALAB : 75.08
PB Ratio FN : 9.02 ALAB : 50.57
Total Revenue (TTM) FN : $4.24B ALAB : $1.00B
Gross Profit (TTM) FN : $509.75M ALAB : $760.99M
EBITDA (TTM) FN : $422.55M ALAB : $253.12M

Return for Risk

FN vs. ALAB — Risk / Return Rank

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

FN

FN Risk / Return Rank: 86
FN Sharpe Ratio Rank: 86
FN Sortino Ratio Rank: 79
FN Omega Ratio Rank: 79
FN Calmar Ratio Rank: 92
FN Martin Ratio Rank: 91

ALAB

ALAB Risk / Return Rank: 92
ALAB Sharpe Ratio Rank: 96
ALAB Sortino Ratio Rank: 91
ALAB Omega Ratio Rank: 90
ALAB Calmar Ratio Rank: 93
ALAB Martin Ratio Rank: 89

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.

FN vs. ALAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fabrinet (FN) 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.

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.

	FN	ALAB	Difference
Sharpe ratio: Return per unit of total volatility	1.74	3.33	-1.59
Sortino ratio: Return per unit of downside risk	2.18	3.19	-1.01
Omega ratio: Gain probability vs. loss probability	1.29	1.41	-0.12
Calmar ratio: Return relative to maximum drawdown	5.04	5.34	-0.30
Martin ratio: Return relative to average drawdown	12.51	10.53	+1.98

FN vs. ALAB - Sharpe Ratio Comparison

The current FN Sharpe Ratio is 1.74, which is lower than the ALAB Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of FN 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.

Drawdowns

FN vs. ALAB - Drawdown Comparison

The maximum FN drawdown since its inception was -70.46%, which is greater than ALAB's maximum drawdown of -63.69%. Use the drawdown chart below to compare losses from any high point for FN and ALAB.

Drawdown Indicators

	FN	ALAB	Difference
Max Drawdown Largest peak-to-trough decline	-70.46%	-63.69%	-6.77%
Max Drawdown (1Y) Largest decline over 1 year	-23.14%	-60.19%	+37.05%
Max Drawdown (3Y) Largest decline over 3 years	-37.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.11%	—	—
Current Drawdown Current decline from peak	-23.14%	0.00%	-23.14%
Average Drawdown Average peak-to-trough decline	-22.58%	-29.29%	+6.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.31%	30.50%	-21.19%

Volatility

FN vs. ALAB - Volatility Comparison

The current volatility for Fabrinet (FN) is 24.51%, while Astera Labs, Inc. (ALAB) has a volatility of 31.61%. This indicates that FN 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

	FN	ALAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.51%	31.61%	-7.10%
Volatility (6M) Calculated over the trailing 6-month period	55.49%	69.77%	-14.28%
Volatility (1Y) Calculated over the trailing 1-year period	67.10%	96.74%	-29.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.82%	93.67%	-39.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.37%	93.67%	-45.30%

Dividends

FN vs. ALAB - Dividend Comparison

Neither FN nor ALAB has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

FN vs. ALAB - Profitability Comparison

The chart below illustrates the profitability comparison between Fabrinet and Astera Labs, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fabrinet reported a gross profit of 144.34M and revenue of 1.21B. Therefore, the gross margin over that period was 11.9%.

ALAB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported a gross profit of 235.14M and revenue of 308.36M. Therefore, the gross margin over that period was 76.3%.

FN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fabrinet reported an operating income of 120.04M and revenue of 1.21B, resulting in an operating margin of 9.9%.

ALAB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported an operating income of 61.83M and revenue of 308.36M, resulting in an operating margin of 20.1%.

FN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fabrinet reported a net income of 128.18M and revenue of 1.21B, resulting in a net margin of 10.6%.

ALAB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Astera Labs, Inc. reported a net income of 80.31M and revenue of 308.36M, resulting in a net margin of 26.0%.

Frequently Asked Questions

Can I hold both FN and ALAB in my portfolio?

FN and ALAB have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FN or ALAB?

ALAB has higher volatility (31.61%) compared to FN (24.51%). In terms of maximum drawdown, FN dropped -70.46% vs ALAB's -63.69%.

Which has better risk-adjusted returns?

ALAB currently has the higher Sharpe Ratio (3.33 vs 1.74), 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.