PLAB vs. INDI
PLAB (Photronics, Inc.) and INDI (indie Semiconductor, Inc.) are both stocks. Both operate in the Semiconductor Equipment & Materials industry within the Technology sector. Over the past 5 years, PLAB returned 20.73%/yr vs -14.49%/yr for INDI. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
PLAB vs. INDI - Performance Comparison
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Returns By Period
In the year-to-date period, PLAB achieves a 6.44% return, which is significantly lower than INDI's 14.73% return.
PLAB
- 1D
- 1.28%
- 1M
- -33.81%
- YTD
- 6.44%
- 6M
- -1.05%
- 1Y
- 87.04%
- 3Y*
- 13.92%
- 5Y*
- 20.73%
- 10Y*
- 14.29%
INDI
- 1D
- -4.71%
- 1M
- -15.80%
- YTD
- 14.73%
- 6M
- 6.02%
- 1Y
- 27.76%
- 3Y*
- -23.45%
- 5Y*
- -14.49%
- 10Y*
- —
PLAB vs. INDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PLAB Photronics, Inc. | 6.44% | 35.82% | -24.90% | 86.39% | -10.72% | 43.02% |
INDI indie Semiconductor, Inc. | 14.73% | -12.84% | -50.06% | 39.11% | -51.38% | 10.00% |
Correlation
The correlation between PLAB and INDI 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 | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021 | 0.52 |
The correlation between PLAB and INDI has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
Fundamentals
PLAB:
$1.99B
INDI:
$807.27B
PLAB:
$2.70
INDI:
-$0.00
PLAB:
2.33
INDI:
925.24
PLAB:
1.18
INDI:
2.31K
PLAB:
$861.17M
INDI:
$218.77M
PLAB:
$290.85M
INDI:
$26.51M
PLAB:
$268.43M
INDI:
-$112.16M
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Return for Risk
PLAB vs. INDI — Risk / Return Rank
PLAB
INDI
PLAB vs. INDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Photronics, Inc. (PLAB) and indie Semiconductor, Inc. (INDI). 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.
| PLAB | INDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.13 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.47 | +1.36 |
| Martin ratioReturn relative to average drawdown | 6.07 | 0.89 | +5.18 |
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Drawdowns
PLAB vs. INDI - Drawdown Comparison
The maximum PLAB drawdown since its inception was -99.22%, which is greater than INDI's maximum drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for PLAB and INDI.
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Drawdown Indicators
| PLAB | INDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.22% | -89.91% | -9.31% |
Max Drawdown (1Y)Largest decline over 1 year | -47.91% | -59.33% | +11.42% |
Max Drawdown (3Y)Largest decline over 3 years | -50.62% | -83.57% | +32.95% |
Max Drawdown (5Y)Largest decline over 5 years | -50.62% | -89.91% | +39.29% |
Max Drawdown (10Y)Largest decline over 10 years | -50.62% | — | — |
Current DrawdownCurrent decline from peak | -38.03% | -74.45% | +36.42% |
Average DrawdownAverage peak-to-trough decline | -56.35% | -56.90% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.39% | 31.14% | -16.75% |
Volatility
PLAB vs. INDI - Volatility Comparison
Photronics, Inc. (PLAB) has a higher volatility of 49.73% compared to indie Semiconductor, Inc. (INDI) at 32.36%. This indicates that PLAB's price experiences larger fluctuations and is considered to be riskier than INDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLAB | INDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 49.73% | 32.36% | +17.37% |
Volatility (6M)Calculated over the trailing 6-month period | 65.74% | 56.75% | +8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.72% | 81.06% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.94% | 79.52% | -21.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.06% | 79.37% | -28.31% |
Dividends
PLAB vs. INDI - Dividend Comparison
Neither PLAB nor INDI has paid dividends to shareholders.
Financials
PLAB vs. INDI - Financials Comparison
This section allows you to compare key financial metrics between Photronics, Inc. and indie Semiconductor, 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
PLAB vs. INDI - Profitability Comparison
PLAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Photronics, Inc. reported a gross profit of 65.76M and revenue of 209.94M. Therefore, the gross margin over that period was 31.3%.
INDI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, indie Semiconductor, Inc. reported a gross profit of 0.00 and revenue of 55.46M. Therefore, the gross margin over that period was 0.0%.
PLAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Photronics, Inc. reported an operating income of -54.80M and revenue of 209.94M, resulting in an operating margin of -26.1%.
INDI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, indie Semiconductor, Inc. reported an operating income of -38.87M and revenue of 55.46M, resulting in an operating margin of -70.1%.
PLAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Photronics, Inc. reported a net income of 31.43M and revenue of 209.94M, resulting in a net margin of 15.0%.
INDI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, indie Semiconductor, Inc. reported a net income of -43.19M and revenue of 55.46M, resulting in a net margin of -77.9%.
Frequently Asked Questions
PLAB and INDI 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.
PLAB has higher volatility (49.73%) compared to INDI (32.36%). In terms of maximum drawdown, PLAB dropped -99.22% vs INDI's -89.91%.
PLAB currently has the higher Sharpe Ratio (1.06 vs 0.34), 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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