Relative Intelligence · Semiconductors
How Astera Labs (ALAB) compares with the whole market and its popular alternatives
Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on ALAB alone. It places ALAB (Astera Labs, Inc. Common Stock) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken and diversification. The result is a clearer view of where ALAB stands in the market, and of the alternatives worth a closer look.
Period covered: ALAB's full trading record, from March 2024 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.
Data as of October 20, 2026. Full tables and charts read best on a larger screen.
On this page6 sections
Key findings
- Right nowALAB has run far ahead of the market, rising 62.0% over the past 6 months against 9.1% for the S&P 500 and 11.2% for the Nasdaq 100. On the flip side, the slide is ALAB's own: it is 41.0% below its high, against 1.3% for the S&P 500. At a glance ↓
- Stock or market?ALAB fell 7.9% over the past 3 months, 5.6 points behind the semiconductors ETF SMH (VanEck Semiconductor ETF), which fell 2.2%. The S&P 500 rose 3.9%. Its semiconductor peers did not move as one over the past 3 months: NVDA (NVIDIA) rose 6.6%, while CRDO (Credo Technology Group Holding) fell 19.1%.
- Past 1 to 3 yearsOver the past year, ALAB rose 82.2% against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100.
How much would $10,000 in ALAB have grown?
This chart tracks a hypothetical $10,000 investment in ALAB over the past 2 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of ALAB over the same span and ALAB's popular alternatives, among those that traded for the entire period. It shows not only where each investment ended up but also how smooth or uneven the path was.
Note: ALAB began trading on March 20, 2024, so the chart cannot reach back to the dot-com bust, the 2008 financial crisis or eight other sell-offs. It covers the most recent 2 years of ALAB's record, starting at the end of September 2024.
- $10,000 invested in ALAB at the end of September 2024 would have grown to $67,945 by September 2026, more than the $13,598 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of ALAB, and BE finished highest, at $262,290.
From the end of September 2024 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 39 of the 4,103 stocks and funds worth at least $500 million that traded the whole period ended ahead of ALAB; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.
- BE$262,290+2,523% total · +412% a year
- LITE$153,243+1,432% total · +291% a year
- MU$103,342+933% total · +221% a year
- WDC$88,501+785% total · +197% a year
- STX$86,757+768% total · +195% a year
- ALAB$67,945+579% total · +161% a year
- DELL$46,795+368% total · +116% a year
- AMD$37,284+273% total · +93.1% a year
- MRVL$36,836+268% total · +91.9% a year
- SPY (S&P 500)$13,598+36.0% total · +16.6% a year
ALAB at a glance
This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.
Note: ALAB began trading on March 20, 2024, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or eight other sell-offs.
- ALAB is still 41.0% below its all-time high.
- ALAB's deepest decline since it began trading in 2024 was 63.7%, from December 2024 to April 2025. It took four months from the low to climb back to its old high.
The company
- Market value
- $49B
- Industry
- Semiconductors
- Price history from
- March 2024
Returns
- Past 1 year
- +82.2%total return
- Best calendar year
- +25.6%2025
- Worst calendar year
- +25.6%2025
- Losing years
- 0 of 1full calendar years
Risk
- Volatility
- 97.2%typical yearly swing, 1 year
- Sharpe ratio
- 1.10return per unit of risk, 1 year
- Worst decline ever
- −63.7%Dec 2024 to Apr 2025
- From its all-time high
- −41.0%below the peak
ALAB against the whole market
Where ALAB ranks among every stock and fund, and what across the market has done better.
How does ALAB rank among all stocks?
This section ranks ALAB on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how ALAB stacks up against its peers, these rankings show where it stands in the market as a whole.
- ALAB is among the more volatile stocks: its price swings rank in the bottom 4% of the 3,287 stocks worth at least $300 million, where the top is the calmest.
- ALAB's 1-year return ranks in the top 8% of the 3,287 stocks worth at least $300 million with 1 year of history.
Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.
| Measure | ALAB | Rank | Standing |
|---|---|---|---|
| 1-year return | +82.2% | 265 of 3,287 | top 8% |
| Volatility, 1 year | 97.2% | 3,151 of 3,287 | bottom 5% |
| Sharpe ratio, 1 year | 1.10 | 751 of 3,287 | top 23% |
ALAB against its popular alternatives
The investments people most often weigh against ALAB, compared period by period and year by year.
How do ALAB's risk and return compare with its alternatives?
This map plots each investment's annual return over the past 1 year against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at ALAB, which divides the map into what did better or worse on each measure.
- Six of the 21 popular alternatives, led by MU, DELL and MRVL, were both more rewarding and calmer than ALAB over the past 1 year, earning a higher annual return with lower volatility.
- Over the past 1 year, ALAB returned 82.2% a year, more than the S&P 500's 15.8%, with higher volatility (97.2% against 12.7%).
Green points earned more than ALAB with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.
All figures
| Investment | Annual return | Volatility |
|---|---|---|
| MU Micron Technology, Inc. | +334% | 81.3% |
| DELL Dell Technologies Inc. | +217% | 75.8% |
| MRVL Marvell Technology, Inc. | +181% | 79.8% |
| INTC Intel Corp. | +141% | 77.6% |
| SIMO Silicon Motion Technology Corporation | +125% | 86.3% |
| AMD Advanced Micro Devices, Inc. | +122% | 67.9% |
| ALAB This pageAstera Labs, Inc. Common Stock | +82.2% | 97.2% |
| SITM SiTime Corporation | +70.6% | 86.6% |
| ADI Analog Devices, Inc. | +63.3% | 35.8% |
| TXN Texas Instruments Incorporated | +58.7% | 42.5% |
| LSCC Lattice Semiconductor Corporation | +52.8% | 61.5% |
| TSM Taiwan Semiconductor Manufacturing Company Limited | +44.3% | 38.9% |
| ANET Arista Networks, Inc. | +23.7% | 53.6% |
| MPWR Monolithic Power Systems, Inc. | +21.9% | 54.1% |
| AMZN Amazon.com, Inc. | +21.3% | 34.6% |
| NVDA NVIDIA Corporation | +18.8% | 37.3% |
| MCHP Microchip Technology Incorporated | +16.0% | 49.8% |
| SPY S&P 500State Street SPDR S&P 500 ETF | +15.8% | 12.7% |
| CRDO Credo Technology Group Holding Ltd | +13.1% | 95.0% |
| NXPI NXP Semiconductors N.V. | +10.0% | 49.1% |
| AVGO Broadcom Inc. | −3.5% | 45.8% |
| RMBS Rambus Inc. | −5.5% | 78.8% |
| SMCI Super Micro Computer, Inc. | −41.0% | 92.6% |
Has ALAB consistently beaten its popular alternatives?
This section compares ALAB with the investments people most often weigh against it, checking each one over five periods from one month to one year. Counting how often an alternative earned more than ALAB helps separate lasting outperformance from a single strong stretch.
- Five of the 21 popular alternatives, led by MU, AMD and DELL, outperformed ALAB in at least 3 of 5 timeframes.
- MU, DELL and MRVL earned more for the risk they took than ALAB (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.
A green cell means the alternative earned more than ALAB over that period. "Qualified" marks those that did so in at least 3 of 5 periods.
| Investment | Periods outperformed | Short term | Risk · 1 year | Fund | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | YTD | 1Y | Volatilitylower is calmer | Sharpehigher is better | Worst declinepast 10 years | Expense | Assets | Overlapsame sectors | ||
| ALAB Astera Labs, Inc. Common Stock (this page) | — | −16.4% | −7.9% | +62.0% | +58.6% | +82.2% | 97.2% | 1.10 | — | — | $49B | — |
| MU QualifiedMicron Technology, Inc. | 5/5 short | −14.2% | +3.6% | +99.9% | +184% | +334% | 81.3% | 2.22 | −57.6% | — | $1.0T | — |
| AMD QualifiedAdvanced Micro Devices, Inc. | 5/5 short | −13.1% | +6.2% | +94.5% | +139% | +122% | 67.9% | 1.52 | −65.5% | — | $873B | — |
| DELL QualifiedDell Technologies Inc. | 4/5 short | −19.6% | +21.3% | +127% | +265% | +217% | 75.8% | 1.89 | −59.6% | — | $294B | — |
| MRVL QualifiedMarvell Technology, Inc. | 4/5 short | −6.6% | +23.4% | +62.7% | +169% | +181% | 79.8% | 1.69 | −61.9% | — | $211B | — |
| INTC QualifiedIntel Corp. | 3/5 short | −24.7% | −5.5% | +39.6% | +133% | +141% | 77.6% | 1.52 | −70.8% | — | $485B | — |
| SIMO SemiconductorsSilicon Motion Technology Corporation | 2/5 short | −20.6% | −15.2% | +54.7% | +130% | +125% | 86.3% | 1.35 | −56.5% | — | $7.2B | — |
| ADI SemiconductorsAnalog Devices, Inc. | 2/5 short | +3.7% | +6.9% | +4.8% | +46.3% | +63.3% | 35.8% | 1.55 | −33.6% | — | $192B | — |
| TXN SemiconductorsTexas Instruments Incorporated | 2/5 short | +2.6% | −1.7% | +20.1% | +59.1% | +58.7% | 42.5% | 1.30 | −33.4% | — | $254B | — |
| TSM SemiconductorsTaiwan Semiconductor Manufacturing Company Limited | 2/5 short | −4.5% | +5.9% | +16.6% | +34.0% | +44.3% | 38.9% | 1.14 | −56.6% | — | $2.2T | — |
| ANET Computer HardwareArista Networks, Inc. | 2/5 short | −11.8% | +7.0% | +8.6% | +35.6% | +23.7% | 53.6% | 0.67 | −52.2% | — | $229B | — |
| MPWR SemiconductorsMonolithic Power Systems, Inc. | 2/5 short | −2.1% | −5.9% | −16.0% | +34.0% | +21.9% | 54.1% | 0.64 | −51.6% | — | $61B | — |
| AMZN Specialty RetailAmazon.com, Inc. | 2/5 short | +1.6% | +5.1% | +5.8% | +16.0% | +21.3% | 34.6% | 0.73 | −56.1% | — | $2.8T | — |
| NVDA SemiconductorsNVIDIA Corporation | 2/5 short | −4.8% | +6.6% | +7.4% | +14.9% | +18.8% | 37.3% | 0.65 | −66.3% | — | $5.2T | — |
| MCHP SemiconductorsMicrochip Technology Incorporated | 2/5 short | +1.4% | −5.2% | −4.6% | +18.6% | +16.0% | 49.8% | 0.54 | −63.8% | — | $41B | — |
| LSCC SemiconductorsLattice Semiconductor Corporation | 1/5 short | −8.4% | −14.5% | −9.6% | +36.6% | +52.8% | 61.5% | 1.00 | −61.1% | — | $15B | — |
| CRDO SemiconductorsCredo Technology Group Holding Ltd | 1/5 short | −8.4% | −19.1% | −1.7% | +19.8% | +13.1% | 95.0% | 0.60 | −62.0% | — | $32B | — |
| NXPI SemiconductorsNXP Semiconductors N.V. | 1/5 short | +2.2% | −10.7% | +8.2% | +8.8% | +10.0% | 49.1% | 0.43 | −53.3% | — | $60B | — |
| AVGO SemiconductorsBroadcom Inc. | 1/5 short | −7.8% | −11.4% | −16.0% | −3.3% | −3.5% | 45.8% | 0.15 | −48.3% | — | $1.6T | — |
| RMBS SemiconductorsRambus Inc. | 1/5 short | −4.7% | −8.4% | −27.2% | −6.9% | −5.5% | 78.8% | 0.33 | −52.9% | — | $10B | — |
| SMCI Computer HardwareSuper Micro Computer, Inc. | 1/5 short | −21.2% | +36.3% | +12.7% | +4.9% | −41.0% | 92.6% | -0.10 | −84.8% | — | $21B | — |
| SITM SemiconductorsSiTime Corporation | 0/5 short | −22.1% | −10.5% | −5.9% | +34.4% | +70.6% | 86.6% | 1.04 | −78.1% | — | $15B | — |
Risk and diversification
How ALAB has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.
What were ALAB's worst declines?
A drawdown is the decline from a peak to the lowest point before a new high. This section presents ALAB's five deepest drawdowns since it began trading in 2024, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.
Note: ALAB began trading on March 20, 2024, so this list cannot include the dot-com bust, the 2008 financial crisis or eight other sell-offs.
- In all five of ALAB's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: ALAB fell 60.2% from September 2025 to March 2026, while the S&P 500 slipped only 3.8%.
- None of these declines kept ALAB below its old high for long; the longest climb back took four months.
Green means ALAB fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.
| During | ALAB fell | S&P 500, same dates | Peak | Low | Time to the low | Back at the peak | Time to recover |
|---|---|---|---|---|---|---|---|
| No named crash | −63.7% | −15.7% | Dec 2024 | Apr 2025 | 4 months | Aug 2025 | 4 months |
| No named crash | −60.2% | −3.8% | Sep 2025 | Mar 2026 | 6 months | May 2026 | 2 months |
| No named crash | −57.6% | +2.0% | Apr 2024 | Aug 2024 | 4 months | Nov 2024 | 3 months |
| No named crash | −48.3% | −2.3% | Jun 2026 | Jul 2026 | 1 month | Not yet | — |
| No named crash | −24.1% | −4.7% | Mar 2024 | Apr 2024 | 1 month | Apr 2024 | Under a month |
Common questions
What was ALAB's worst drawdown?
ALAB's deepest decline since it began trading in 2024 was 63.7%, from December 2024 to April 2025. It took four months from the low to climb back to its old high. Because ALAB launched in March 2024, that record does not include the dot-com bust, the 2008 financial crisis or eight other sell-offs.
What were ALAB's best and worst years?
Over one full calendar years, ALAB's best year was 2025, when it returned 25.6%. Its worst was 2025, with a return of +25.6%.
What are the best alternatives to ALAB?
Of the 21 popular alternatives we compared, five outperformed ALAB in at least 3 of 5 timeframes, with dividends reinvested: MU, AMD and DELL.
How we measure
- Short-term periods are 1M, 3M, 6M, YTD, 1Y. An investment outperformed in a period when its total return, with dividends reinvested, was higher than ALAB's. Returns within 0.5 points or 3% of ALAB's, whichever is larger, count as a tie.
- "Qualified" means outperforming in at least 3 of 5 periods. "All-weather" means outperforming in every long-term period and all but one short-term period.
- Popular alternatives are the funds and stocks most often compared with this one. We include only those that trade today, are not leveraged or inverse, and hold at least $200 million.
- Volatility is the annualized standard deviation of daily returns over 1 year, a measure of how much the price typically swings in a year. The Sharpe ratio is the return above cash for each unit of that volatility.
- A decline, or drawdown, runs from a peak to the lowest close before the next high. The worst decline ever uses all the price history we have; comparisons between funds use the past 10 years so that younger funds are judged on the same stretch.
- Sector overlap is the share of assets two funds hold in the same sectors. Correlation and the mixed-portfolio figures use monthly returns.
- Figures are computed from daily adjusted prices and update after each trading day. Past performance does not predict future results.
MU
AMD
DELL
MRVL
INTC
ADI
TXN
TSM
ANET
MPWR
AMZN
NVDA