ALAB vs CRDO: Correlation
Astera Labs, Inc. (ALAB) and Credo Technology Group Holding Ltd (CRDO) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALAB and CRDO?
Over the past 3 years, ALAB and CRDO moved with a correlation of 0.62, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4739.0 %².
In ALAB's tracked universe of 18 assets, CRDO sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months CRDO outperformed by 26.0 percentage points (+69.7% for ALAB against +95.7% for CRDO).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALAB vs CRDO: side by side
| ALAB (Astera Labs, Inc.) | CRDO (Credo Technology Group Holding Ltd) | |
|---|---|---|
| 1-year return | +69.7% | +95.7% |
| 5-year return | n/a | +1962.1% |
| Volatility (ann.) | 84.6% | 84.8% |
| Beta vs S&P 500 | 2.90 | 3.44 |
| Max drawdown (3Y) | -63.7% | -61.1% |
| Market cap | $52.8B | $45.1B |
| P/E (trailing) | 142.8 | 90.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALAB | CRDO |
|---|---|---|
| 2023 | – | +46.3% |
| 2024 | – | +245.2% |
| 2025 | +25.6% | +114.1% |
| 2026 | +82.8% | +67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALAB and CRDO good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALAB and CRDO?
As of 2026-08-27, the correlation of weekly returns between ALAB and CRDO is 0.62 over 3 years, 0.66 over 1 year and n/a over 5 years.
Is CRDO a good diversifier for ALAB?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alab-vs-crdo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alab-vs-crdo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALAB correlations · CRDO correlations
