FN vs. TER

Last updated Jun 20, 2026

FN (Fabrinet) and TER (Teradyne, Inc.) are both stocks. Both are in the Technology sector — FN in Electronic Components, TER in Semiconductor Equipment & Materials. Over the past 10 years, FN returned 31.23%/yr vs 37.26%/yr for TER. At a 0.49 correlation, their price movements are largely independent.

Performance

FN vs. TER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fabrinet (FN) and Teradyne, Inc. (TER). 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 TER's 126.43% return. Over the past 10 years, FN has underperformed TER with an annualized return of 31.23%, while TER has yielded a comparatively higher 37.26% annualized 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%

TER

• 1D: 7.19%
• 1M: 22.17%
• YTD: 126.43%
• 6M: 124.55%
• 1Y: 408.80%
• 3Y*: 58.59%
• 5Y*: 29.03%
• 10Y*: 37.26%

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

FN vs. TER - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FN Fabrinet	26.02%	107.06%	15.53%	48.44%	8.23%	52.69%	19.66%	26.37%	78.78%	-28.78%
TER Teradyne, Inc.	126.43%	54.39%	16.51%	24.78%	-46.35%	36.81%	76.73%	118.93%	-24.37%	66.16%

Correlation

The correlation between FN and TER is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 25, 2010	0.49

The correlation between FN and TER has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.

Fundamentals

Market Cap FN : $20.78B TER : $69.03B
EPS FN : $11.65 TER : $5.38
PE Ratio FN : 49.26 TER : 81.46
PS Ratio FN : 4.90 TER : 18.37
PB Ratio FN : 9.02 TER : 21.96
Total Revenue (TTM) FN : $4.24B TER : $3.79B
Gross Profit (TTM) FN : $509.75M TER : $2.23B
EBITDA (TTM) FN : $422.55M TER : $1.11B

Return for Risk

FN vs. TER — 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

TER

TER Risk / Return Rank: 98
TER Sharpe Ratio Rank: 99
TER Sortino Ratio Rank: 97
TER Omega Ratio Rank: 97
TER Calmar Ratio Rank: 99
TER 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.

FN vs. TER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fabrinet (FN) and Teradyne, Inc. (TER). 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	TER	Difference
Sharpe ratio: Return per unit of total volatility	1.74	6.09	-4.35
Sortino ratio: Return per unit of downside risk	2.18	4.68	-2.50
Omega ratio: Gain probability vs. loss probability	1.29	1.67	-0.39
Calmar ratio: Return relative to maximum drawdown	5.04	15.42	-10.38
Martin ratio: Return relative to average drawdown	12.51	54.89	-42.38

FN vs. TER - Sharpe Ratio Comparison

The current FN Sharpe Ratio is 1.74, which is lower than the TER Sharpe Ratio of 6.09. The chart below compares the historical Sharpe Ratios of FN and TER, 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. TER - Drawdown Comparison

The maximum FN drawdown since its inception was -70.46%, smaller than the maximum TER drawdown of -97.30%. Use the drawdown chart below to compare losses from any high point for FN and TER.

Drawdown Indicators

	FN	TER	Difference
Max Drawdown Largest peak-to-trough decline	-70.46%	-97.30%	+26.84%
Max Drawdown (1Y) Largest decline over 1 year	-23.14%	-26.73%	+3.59%
Max Drawdown (3Y) Largest decline over 3 years	-37.47%	-58.18%	+20.71%
Max Drawdown (5Y) Largest decline over 5 years	-38.70%	-59.12%	+20.42%
Max Drawdown (10Y) Largest decline over 10 years	-51.11%	-59.12%	+8.01%
Current Drawdown Current decline from peak	-23.14%	0.00%	-23.14%
Average Drawdown Average peak-to-trough decline	-22.58%	-58.65%	+36.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.31%	7.50%	+1.81%

Volatility

FN vs. TER - Volatility Comparison

Fabrinet (FN) and Teradyne, Inc. (TER) have volatilities of 24.51% and 25.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FN	TER	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.51%	25.58%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	55.49%	53.86%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	67.10%	67.76%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.82%	50.43%	+3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.37%	45.45%	+2.92%

Dividends

FN vs. TER - Dividend Comparison

FN has not paid dividends to shareholders, while TER's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FN Fabrinet	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TER Teradyne, Inc.	0.11%	0.25%	0.38%	0.41%	0.50%	0.24%	0.33%	0.53%	1.15%	0.67%	0.94%	1.16%

Financials

FN vs. TER - Profitability Comparison

The chart below illustrates the profitability comparison between Fabrinet and Teradyne, 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%.

TER - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a gross profit of 780.95M and revenue of 1.28B. Therefore, the gross margin over that period was 60.9%.

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%.

TER - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported an operating income of 473.00M and revenue of 1.28B, resulting in an operating margin of 36.9%.

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%.

TER - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a net income of 398.91M and revenue of 1.28B, resulting in a net margin of 31.1%.

Frequently Asked Questions

Can I hold both FN and TER in my portfolio?

FN and TER have a correlation of 0.54, 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 TER?

TER has higher volatility (25.58%) compared to FN (24.51%). In terms of maximum drawdown, FN dropped -70.46% vs TER's -97.30%.

Which has better risk-adjusted returns?

TER currently has the higher Sharpe Ratio (6.09 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.