TER vs. CRDO

Last updated Jun 20, 2026

TER (Teradyne, Inc.) and CRDO (Credo Technology Group Holding Ltd) are both stocks. Both are in the Technology sector — TER in Semiconductor Equipment & Materials, CRDO in Semiconductors. Over the past 3 years, TER returned 58.59%/yr vs 147.04%/yr for CRDO. At a 0.49 correlation, their price movements are largely independent.

Performance

TER vs. CRDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teradyne, Inc. (TER) 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, TER achieves a 126.43% return, which is significantly higher than CRDO's 88.92% return.

TER

• 1D: 7.19%
• 1M: 22.17%
• YTD: 126.43%
• 6M: 124.55%
• 1Y: 408.80%
• 3Y*: 58.59%
• 5Y*: 29.03%
• 10Y*: 37.26%

CRDO

• 1D: 9.02%
• 1M: 24.46%
• YTD: 88.92%
• 6M: 81.06%
• 1Y: 217.89%
• 3Y*: 147.04%
• 5Y*: —
• 10Y*: —

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

TER vs. CRDO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TER Teradyne, Inc.	126.43%	54.39%	16.51%	24.78%	-38.80%
CRDO Credo Technology Group Holding Ltd	88.92%	114.09%	245.20%	46.28%	10.00%

Correlation

The correlation between TER and CRDO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.49

The correlation between TER and CRDO shifts across timeframes, from 0.36 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TER : $69.03B CRDO : $52.38B
EPS TER : $5.38 CRDO : $2.50
PE Ratio TER : 81.46 CRDO : 108.92
PS Ratio TER : 18.37 CRDO : 38.53
PB Ratio TER : 21.96 CRDO : 25.38
Total Revenue (TTM) TER : $3.79B CRDO : $1.34B
Gross Profit (TTM) TER : $2.23B CRDO : $908.35M
EBITDA (TTM) TER : $1.11B CRDO : $463.79M

Return for Risk

TER vs. CRDO — Risk / Return Rank

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

TER

TER Risk / Return Rank: 98
TER Sharpe Ratio Rank: 99
TER Sortino Ratio Rank: 97
TER Omega Ratio Rank: 97
TER Calmar Ratio Rank: 99
TER Martin Ratio Rank: 99

CRDO

CRDO Risk / Return Rank: 88
CRDO Sharpe Ratio Rank: 93
CRDO Sortino Ratio Rank: 87
CRDO Omega Ratio Rank: 84
CRDO Calmar Ratio Rank: 89
CRDO Martin Ratio Rank: 88

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.

TER vs. CRDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teradyne, Inc. (TER) 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.

	TER	CRDO	Difference
Sharpe ratio: Return per unit of total volatility	6.09	2.55	+3.54
Sortino ratio: Return per unit of downside risk	4.68	2.81	+1.87
Omega ratio: Gain probability vs. loss probability	1.67	1.33	+0.34
Calmar ratio: Return relative to maximum drawdown	15.42	4.09	+11.34
Martin ratio: Return relative to average drawdown	54.89	9.86	+45.03

TER vs. CRDO - Sharpe Ratio Comparison

The current TER Sharpe Ratio is 6.09, which is higher than the CRDO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of TER 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

TER vs. CRDO - Drawdown Comparison

The maximum TER drawdown since its inception was -97.30%, which is greater than CRDO's maximum drawdown of -62.04%. Use the drawdown chart below to compare losses from any high point for TER and CRDO.

Drawdown Indicators

	TER	CRDO	Difference
Max Drawdown Largest peak-to-trough decline	-97.30%	-62.04%	-35.26%
Max Drawdown (1Y) Largest decline over 1 year	-26.73%	-53.59%	+26.86%
Max Drawdown (3Y) Largest decline over 3 years	-58.18%	-61.05%	+2.87%
Max Drawdown (5Y) Largest decline over 5 years	-59.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.12%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-58.65%	-19.33%	-39.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.50%	22.18%	-14.68%

Volatility

TER vs. CRDO - Volatility Comparison

Teradyne, Inc. (TER) and Credo Technology Group Holding Ltd (CRDO) have volatilities of 25.58% and 26.28%, 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.

Volatility by Period

	TER	CRDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.58%	26.28%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	53.86%	65.88%	-12.02%
Volatility (1Y) Calculated over the trailing 1-year period	67.76%	86.27%	-18.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.43%	81.58%	-31.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.45%	81.58%	-36.13%

Dividends

TER vs. CRDO - Dividend Comparison

TER's dividend yield for the trailing twelve months is around 0.11%, 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%
TER Teradyne, Inc.	0.11%	0.25%	0.38%	0.41%	0.50%	0.24%	0.33%	0.53%	1.15%	0.67%	0.94%	1.16%

Financials

TER vs. CRDO - Profitability Comparison

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

TER - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a gross profit of 780.95M and revenue of 1.28B. Therefore, the gross margin over that period was 60.9%.

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%.

TER - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported an operating income of 473.00M and revenue of 1.28B, resulting in an operating margin of 36.9%.

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%.

TER - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a net income of 398.91M and revenue of 1.28B, resulting in a net margin of 31.1%.

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 TER and CRDO in my portfolio?

TER and CRDO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TER or CRDO?

CRDO has higher volatility (26.28%) compared to TER (25.58%). In terms of maximum drawdown, TER dropped -97.30% vs CRDO's -62.04%.

Which has better risk-adjusted returns?

TER currently has the higher Sharpe Ratio (6.09 vs 2.55), 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.