MU vs. ALAB
MU (Micron Technology, Inc.) and ALAB (Astera Labs, Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past year, MU returned 687.66% vs 330.63% for ALAB. At a 0.49 correlation, their price movements are largely independent.
Performance
MU vs. ALAB - Performance Comparison
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Returns By Period
In the year-to-date period, MU achieves a 243.32% return, which is significantly higher than ALAB's 148.24% return.
MU
- 1D
- -1.24%
- 1M
- -1.65%
- 6M
- 183.94%
- YTD
- 243.32%
- 1Y
- 687.66%
- 3Y*
- 149.71%
- 5Y*
- 66.39%
- 10Y*
- 54.18%
ALAB
- 1D
- -1.07%
- 1M
- 12.38%
- 6M
- 153.96%
- YTD
- 148.24%
- 1Y
- 330.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MU vs. ALAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MU Micron Technology, Inc. | 243.32% | 240.24% | -10.09% |
ALAB Astera Labs, Inc. | 148.24% | 25.60% | 152.00% |
Correlation
The correlation between MU and ALAB is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024 | 0.49 |
Fundamentals
MU:
$1.11T
ALAB:
$70.79B
MU:
$44.42
ALAB:
$1.48
MU:
22.05
ALAB:
279.28
MU:
12.33
ALAB:
74.64
MU:
11.10
ALAB:
50.08
MU:
$90.27B
ALAB:
$1.00B
MU:
$65.51B
ALAB:
$760.99M
MU:
$44.96B
ALAB:
$253.12M
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Return for Risk
MU vs. ALAB — Risk / Return Rank
MU
ALAB
MU vs. ALAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) 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.
| MU | ALAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.40 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 23.23 | 5.45 | +17.78 |
| Martin ratioReturn relative to average drawdown | 83.25 | 10.72 | +72.54 |
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Drawdowns
MU vs. ALAB - Drawdown Comparison
The maximum MU drawdown since its inception was -98.25%, which is greater than ALAB's maximum drawdown of -63.69%. Use the drawdown chart below to compare losses from any high point for MU and ALAB.
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Drawdown Indicators
| MU | ALAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -63.69% | -34.56% |
Max Drawdown (1Y)Largest decline over 1 year | -30.28% | -60.19% | +29.91% |
Max Drawdown (3Y)Largest decline over 3 years | -57.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.63% | — | — |
Current DrawdownCurrent decline from peak | -19.29% | -14.50% | -4.79% |
Average DrawdownAverage peak-to-trough decline | -58.07% | -28.83% | -29.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.43% | 30.55% | -22.12% |
Volatility
MU vs. ALAB - Volatility Comparison
Micron Technology, Inc. (MU) and Astera Labs, Inc. (ALAB) have volatilities of 33.63% and 34.22%, 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.
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Volatility by Period
| MU | ALAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.63% | 34.22% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 62.19% | 73.12% | -10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.68% | 98.92% | -23.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.75% | 94.40% | -39.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.65% | 94.40% | -43.75% |
Dividends
MU vs. ALAB - Dividend Comparison
MU's dividend yield for the trailing twelve months is around 0.05%, while ALAB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ALAB Astera Labs, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MU Micron Technology, Inc. | 0.05% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
Financials
MU vs. ALAB - Financials Comparison
This section allows you to compare key financial metrics between Micron Technology, 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
MU vs. ALAB - Profitability Comparison
MU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Micron Technology, Inc. reported a gross profit of 35.06B and revenue of 41.46B. Therefore, the gross margin over that period was 84.6%.
ALAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
MU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Micron Technology, Inc. reported an operating income of 33.31B and revenue of 41.46B, resulting in an operating margin of 80.4%.
ALAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Astera Labs, Inc. reported an operating income of 61.83M and revenue of 308.36M, resulting in an operating margin of 20.1%.
MU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Micron Technology, Inc. reported a net income of 28.24B and revenue of 41.46B, resulting in a net margin of 68.1%.
ALAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
MU and ALAB have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALAB has higher volatility (34.22%) compared to MU (33.63%). In terms of maximum drawdown, MU dropped -98.25% vs ALAB's -63.69%.
MU currently has the higher Sharpe Ratio (9.29 vs 3.32), 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.
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