IRM vs. CRDO

Last updated Jun 13, 2026

IRM (Iron Mountain Incorporated) and CRDO (Credo Technology Group Holding Ltd) are both stocks. IRM operates in REIT - Specialty (Real Estate), while CRDO operates in Semiconductors (Technology). Over the past 3 years, IRM returned 35.74%/yr vs 142.90%/yr for CRDO. At a 0.29 correlation, their price movements are largely independent.

Performance

IRM vs. CRDO - Performance Comparison

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

Returns By Period

In the year-to-date period, IRM achieves a 54.64% return, which is significantly lower than CRDO's 74.31% return.

IRM

• 1D: 1.65%
• 1M: 0.89%
• YTD: 54.64%
• 6M: 55.51%
• 1Y: 28.47%
• 3Y*: 35.74%
• 5Y*: 27.45%
• 10Y*: 19.08%

CRDO

• 1D: -5.27%
• 1M: 32.45%
• YTD: 74.31%
• 6M: 74.28%
• 1Y: 237.38%
• 3Y*: 142.90%
• 5Y*: —
• 10Y*: —

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

IRM vs. CRDO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IRM Iron Mountain Incorporated	54.64%	-18.24%	54.48%	46.52%	18.08%
CRDO Credo Technology Group Holding Ltd	74.31%	114.09%	245.20%	46.28%	10.00%

Correlation

The correlation between IRM and CRDO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.29

Fundamentals

Market Cap IRM : $38.02B CRDO : $48.33B
EPS IRM : $0.91 CRDO : $2.50
PE Ratio IRM : 139.08 CRDO : 100.50
PS Ratio IRM : 5.23 CRDO : 35.55
Total Revenue (TTM) IRM : $7.25B CRDO : $1.34B
Gross Profit (TTM) IRM : $2.94B CRDO : $908.35M
EBITDA (TTM) IRM : $2.40B CRDO : $463.79M

Return for Risk

IRM vs. CRDO — Risk / Return Rank

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

IRM

IRM Risk / Return Rank: 67
IRM Sharpe Ratio Rank: 71
IRM Sortino Ratio Rank: 66
IRM Omega Ratio Rank: 65
IRM Calmar Ratio Rank: 66
IRM Martin Ratio Rank: 67

CRDO

CRDO Risk / Return Rank: 90
CRDO Sharpe Ratio Rank: 95
CRDO Sortino Ratio Rank: 89
CRDO Omega Ratio Rank: 86
CRDO Calmar Ratio Rank: 91
CRDO 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.

IRM vs. CRDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Iron Mountain Incorporated (IRM) and Credo Technology Group Holding Ltd (CRDO). 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.

	IRM	CRDO	Difference
Sharpe ratio: Return per unit of total volatility	0.89	2.79	-1.90
Sortino ratio: Return per unit of downside risk	1.41	2.95	-1.54
Omega ratio: Gain probability vs. loss probability	1.18	1.35	-0.17
Calmar ratio: Return relative to maximum drawdown	1.14	4.46	-3.32
Martin ratio: Return relative to average drawdown	2.73	10.76	-8.03

IRM vs. CRDO - Sharpe Ratio Comparison

The current IRM Sharpe Ratio is 0.89, which is lower than the CRDO Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of IRM and CRDO, 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

IRM vs. CRDO - Drawdown Comparison

The maximum IRM drawdown since its inception was -55.71%, smaller than the maximum CRDO drawdown of -62.04%. Use the drawdown chart below to compare losses from any high point for IRM and CRDO.

Drawdown Indicators

	IRM	CRDO	Difference
Max Drawdown Largest peak-to-trough decline	-55.71%	-62.04%	+6.33%
Max Drawdown (1Y) Largest decline over 1 year	-25.15%	-53.59%	+28.44%
Max Drawdown (3Y) Largest decline over 3 years	-39.03%	-61.05%	+22.02%
Max Drawdown (5Y) Largest decline over 5 years	-39.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.03%	—	—
Current Drawdown Current decline from peak	-3.65%	-5.27%	+1.62%
Average Drawdown Average peak-to-trough decline	-13.16%	-19.38%	+6.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.47%	22.17%	-11.70%

Volatility

IRM vs. CRDO - Volatility Comparison

The current volatility for Iron Mountain Incorporated (IRM) is 7.91%, while Credo Technology Group Holding Ltd (CRDO) has a volatility of 28.41%. This indicates that IRM experiences smaller price fluctuations and is considered to be less risky than CRDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IRM	CRDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.91%	28.41%	-20.50%
Volatility (6M) Calculated over the trailing 6-month period	24.13%	65.16%	-41.03%
Volatility (1Y) Calculated over the trailing 1-year period	32.04%	85.70%	-53.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.68%	81.50%	-51.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.64%	81.50%	-51.86%

Dividends

IRM vs. CRDO - Dividend Comparison

IRM's dividend yield for the trailing twelve months is around 2.59%, while CRDO has not paid dividends to shareholders.

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%
IRM Iron Mountain Incorporated	2.59%	3.88%	2.60%	3.63%	4.96%	4.73%	8.39%	7.69%	7.32%	5.93%	6.17%	7.07%

Financials

IRM vs. CRDO - Profitability Comparison

The chart below illustrates the profitability comparison between Iron Mountain Incorporated and Credo Technology Group Holding Ltd over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

IRM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported a gross profit of 0.00 and revenue of 1.94B. Therefore, the gross margin over that period was 0.0%.

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%.

IRM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported an operating income of 395.23M and revenue of 1.94B, resulting in an operating margin of 20.4%.

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%.

IRM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported a net income of 143.67M and revenue of 1.94B, resulting in a net margin of 7.4%.

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%.

Frequently Asked Questions

Can I hold both IRM and CRDO in my portfolio?

IRM and CRDO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IRM or CRDO?

CRDO has higher volatility (28.41%) compared to IRM (7.91%). In terms of maximum drawdown, IRM dropped -55.71% vs CRDO's -62.04%.

Which has better risk-adjusted returns?

CRDO currently has the higher Sharpe Ratio (2.79 vs 0.89), 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.