PENG vs. AMAT

Last updated Jun 4, 2026

PENG (Penguin Solutions, Inc) and AMAT (Applied Materials, Inc.) are both stocks. Both are in the Technology sector — PENG in Information Technology Services, AMAT in Semiconductor Equipment & Materials. Over the past 5 years, PENG returned 24.48%/yr vs 30.15%/yr for AMAT. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

PENG vs. AMAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Penguin Solutions, Inc (PENG) and Applied Materials, Inc. (AMAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PENG achieves a 265.08% return, which is significantly higher than AMAT's 95.35% return.

PENG

• 1D: 1.08%
• 1M: 120.40%
• YTD: 265.08%
• 6M: 232.45%
• 1Y: 271.15%
• 3Y*: 46.01%
• 5Y*: 24.48%
• 10Y*: —

AMAT

• 1D: 2.19%
• 1M: 28.11%
• YTD: 95.35%
• 6M: 86.88%
• 1Y: 211.89%
• 3Y*: 56.21%
• 5Y*: 30.15%
• 10Y*: 36.77%

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

PENG vs. AMAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PENG Penguin Solutions, Inc	265.08%	1.93%	1.37%	27.22%	-58.08%	88.65%	-0.82%	27.74%	-11.87%	150.56%
AMAT Applied Materials, Inc.	95.35%	59.60%	1.13%	67.97%	-37.54%	83.64%	43.29%	89.86%	-34.92%	15.00%

Correlation

The correlation between PENG and AMAT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since May 25, 2017	0.59

The correlation between PENG and AMAT shifts across timeframes, from 0.49 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS PENG : $1.50 AMAT : $10.61
PE Ratio PENG : 47.69 AMAT : 47.19
PEG Ratio PENG : 21.40 AMAT : 6.01
PS Ratio PENG : 1.93 AMAT : 13.83
Total Revenue (TTM) PENG : $1.35B AMAT : $29.02B
Gross Profit (TTM) PENG : $381.14M AMAT : $14.21B
EBITDA (TTM) PENG : $82.22M AMAT : $9.92B

Return for Risk

PENG vs. AMAT — Risk / Return Rank

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

PENG

PENG Risk / Return Rank: 94
PENG Sharpe Ratio Rank: 98
PENG Sortino Ratio Rank: 95
PENG Omega Ratio Rank: 95
PENG Calmar Ratio Rank: 94
PENG Martin Ratio Rank: 89

AMAT

AMAT Risk / Return Rank: 96
AMAT Sharpe Ratio Rank: 98
AMAT Sortino Ratio Rank: 95
AMAT Omega Ratio Rank: 95
AMAT Calmar Ratio Rank: 97
AMAT Martin Ratio Rank: 97

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.

PENG vs. AMAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Penguin Solutions, Inc (PENG) and Applied Materials, Inc. (AMAT). 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.

	PENG	AMAT	Difference
Sharpe ratio Return per unit of total volatility	4.57	4.63	-0.06
Sortino ratio Return per unit of downside risk	4.25	4.14	+0.11
Omega ratio Gain probability vs. loss probability	1.60	1.59	+0.01
Calmar ratio Return relative to maximum drawdown	6.13	9.98	-3.85
Martin ratio Return relative to average drawdown	11.82	28.53	-16.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PENG vs. AMAT - Sharpe Ratio Comparison

The current PENG Sharpe Ratio is 4.57, which is comparable to the AMAT Sharpe Ratio of 4.63. The chart below compares the historical Sharpe Ratios of PENG and AMAT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PENG	AMAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.57	4.63	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.70	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.43	+0.06

Drawdowns

PENG vs. AMAT - Drawdown Comparison

The maximum PENG drawdown since its inception was -68.72%, smaller than the maximum AMAT drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for PENG and AMAT.

Drawdown Indicators

	PENG	AMAT	Difference
Max Drawdown Largest peak-to-trough decline	-68.72%	-85.22%	+16.50%
Max Drawdown (1Y) Largest decline over 1 year	-44.57%	-21.37%	-23.20%
Max Drawdown (3Y) Largest decline over 3 years	-54.84%	-49.88%	-4.96%
Max Drawdown (5Y) Largest decline over 5 years	-65.40%	-55.14%	-10.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-55.14%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-37.44%	-38.81%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.05%	7.46%	+15.59%

Volatility

PENG vs. AMAT - Volatility Comparison

Penguin Solutions, Inc (PENG) has a higher volatility of 25.39% compared to Applied Materials, Inc. (AMAT) at 15.12%. This indicates that PENG's price experiences larger fluctuations and is considered to be riskier than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PENG	AMAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.39%	15.12%	+10.27%
Volatility (6M) Calculated over the trailing 6-month period	47.40%	35.27%	+12.13%
Volatility (1Y) Calculated over the trailing 1-year period	59.99%	46.10%	+13.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.80%	43.57%	+15.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.27%	42.61%	+19.66%

Dividends

PENG vs. AMAT - Dividend Comparison

PENG has not paid dividends to shareholders, while AMAT's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMAT Applied Materials, Inc.	0.38%	0.69%	0.93%	0.75%	1.05%	0.60%	1.01%	1.36%	2.14%	0.78%	1.24%	2.14%
PENG Penguin Solutions, 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%

Financials

PENG vs. AMAT - Profitability Comparison

The chart below illustrates the profitability comparison between Penguin Solutions, Inc and Applied Materials, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PENG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Penguin Solutions, Inc reported a gross profit of 93.70M and revenue of 343.00M. Therefore, the gross margin over that period was 27.3%.

AMAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a gross profit of 3.95B and revenue of 7.91B. Therefore, the gross margin over that period was 49.9%.

PENG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Penguin Solutions, Inc reported an operating income of 25.69M and revenue of 343.00M, resulting in an operating margin of 7.5%.

AMAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported an operating income of 2.52B and revenue of 7.91B, resulting in an operating margin of 31.9%.

PENG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Penguin Solutions, Inc reported a net income of 37.45M and revenue of 343.00M, resulting in a net margin of 10.9%.

AMAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Materials, Inc. reported a net income of 2.81B and revenue of 7.91B, resulting in a net margin of 35.5%.

Frequently Asked Questions

Can I hold both PENG and AMAT in my portfolio?

PENG and AMAT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PENG or AMAT?

PENG has higher volatility (25.39%) compared to AMAT (15.12%). In terms of maximum drawdown, PENG dropped -68.72% vs AMAT's -85.22%.

Which has better risk-adjusted returns?

AMAT currently has the higher Sharpe Ratio (4.63 vs 4.57), 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.