MPWR vs. ALAB
MPWR (Monolithic Power Systems, Inc.) and ALAB (Astera Labs, Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past year, MPWR returned 129.71% vs 348.10% for ALAB. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
MPWR vs. ALAB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MPWR achieves a 72.87% return, which is significantly lower than ALAB's 150.70% return.
MPWR
- 1D
- 7.97%
- 1M
- 0.16%
- YTD
- 72.87%
- 6M
- 67.48%
- 1Y
- 129.71%
- 3Y*
- 45.67%
- 5Y*
- 35.58%
- 10Y*
- 37.89%
ALAB
- 1D
- 11.31%
- 1M
- 40.03%
- YTD
- 150.70%
- 6M
- 153.69%
- 1Y
- 348.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPWR vs. ALAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MPWR Monolithic Power Systems, Inc. | 72.87% | 54.45% | -8.38% |
ALAB Astera Labs, Inc. | 150.70% | 25.60% | 152.00% |
Correlation
The correlation between MPWR and ALAB is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024 | 0.51 |
The correlation between MPWR and ALAB has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
Fundamentals
MPWR:
$77.00B
ALAB:
$75.56B
MPWR:
$13.89
ALAB:
$1.48
MPWR:
112.56
ALAB:
280.93
MPWR:
25.71
ALAB:
75.08
MPWR:
20.94
ALAB:
50.57
MPWR:
$2.96B
ALAB:
$1.00B
MPWR:
$1.63B
ALAB:
$760.99M
MPWR:
$861.78M
ALAB:
$253.12M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MPWR vs. ALAB — Risk / Return Rank
MPWR
ALAB
MPWR vs. ALAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Monolithic Power Systems, Inc. (MPWR) 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.
| MPWR | ALAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.70 | 5.34 | +0.36 |
| Martin ratioReturn relative to average drawdown | 15.03 | 10.53 | +4.50 |
Loading charts...
Drawdowns
MPWR vs. ALAB - Drawdown Comparison
The maximum MPWR drawdown since its inception was -72.27%, which is greater than ALAB's maximum drawdown of -63.69%. Use the drawdown chart below to compare losses from any high point for MPWR and ALAB.
Loading charts...
Drawdown Indicators
| MPWR | ALAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.27% | -63.69% | -8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -22.45% | -60.19% | +37.74% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -51.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.65% | — | — |
Current DrawdownCurrent decline from peak | -7.47% | 0.00% | -7.47% |
Average DrawdownAverage peak-to-trough decline | -17.70% | -29.29% | +11.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.50% | 30.50% | -22.00% |
Volatility
MPWR vs. ALAB - Volatility Comparison
The current volatility for Monolithic Power Systems, Inc. (MPWR) is 23.80%, while Astera Labs, Inc. (ALAB) has a volatility of 31.61%. This indicates that MPWR 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.
Loading charts...
Volatility by Period
| MPWR | ALAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.80% | 31.61% | -7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 39.67% | 69.77% | -30.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.66% | 96.74% | -47.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.86% | 93.67% | -39.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.43% | 93.67% | -46.24% |
Dividends
MPWR vs. ALAB - Dividend Comparison
MPWR's dividend yield for the trailing twelve months is around 0.43%, while ALAB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALAB Astera Labs, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MPWR Monolithic Power Systems, Inc. | 0.43% | 0.69% | 0.85% | 0.63% | 0.85% | 0.49% | 0.55% | 0.90% | 1.03% | 0.71% | 0.98% | 1.26% |
Financials
MPWR vs. ALAB - Financials Comparison
This section allows you to compare key financial metrics between Monolithic Power Systems, Inc. and Astera Labs, 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
MPWR vs. ALAB - Profitability Comparison
MPWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a gross profit of 445.07M and revenue of 804.19M. Therefore, the gross margin over that period was 55.3%.
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%.
MPWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported an operating income of 241.15M and revenue of 804.19M, resulting in an operating margin of 30.0%.
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%.
MPWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Monolithic Power Systems, Inc. reported a net income of 193.23M and revenue of 804.19M, resulting in a net margin of 24.0%.
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
MPWR and ALAB have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALAB has higher volatility (31.61%) compared to MPWR (23.80%). In terms of maximum drawdown, MPWR dropped -72.27% vs ALAB's -63.69%.
ALAB currently has the higher Sharpe Ratio (3.33 vs 2.58), 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.
Find the right allocation for MPWR and ALAB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer