ALAB vs POET: Correlation
Astera Labs, Inc. (ALAB) and POET Technologies Inc. (POET) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALAB and POET?
On 3 years of weekly data the ALAB/POET correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 4444.0 %².
Within ALAB's tracked universe of 18 assets, POET comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALAB ahead by 17.5 points (+69.7% versus +52.2%). One caveat on sizing: POET is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 POET: side by side
| ALAB (Astera Labs, Inc.) | POET (POET Technologies Inc.) | |
|---|---|---|
| 1-year return | +69.7% | +52.2% |
| 5-year return | n/a | -3.6% |
| Volatility (ann.) | 84.6% | 150.2% |
| Beta vs S&P 500 | 2.90 | 2.33 |
| Max drawdown (3Y) | -63.7% | -80.1% |
| Market cap | $52.8B | $1.4B |
| P/E (trailing) | 142.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALAB | POET |
|---|---|---|
| 2022 | – | -57.5% |
| 2023 | – | -68.9% |
| 2024 | – | +533.0% |
| 2025 | +25.6% | +6.4% |
| 2026 | +82.8% | +29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALAB and POET good diversifiers for each other?
Reasonably. At 0.33, ALAB and POET keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALAB and POET?
As of 2026-08-27, the correlation of weekly returns between ALAB and POET is 0.33 over 3 years, 0.36 over 1 year and n/a over 5 years.
Is POET a good diversifier for ALAB?
Reasonably. At 0.33, ALAB and POET keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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-poet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alab-vs-poet/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALAB correlations · POET correlations
