AEIS vs. IPGP
AEIS (Advanced Energy Industries, Inc.) and IPGP (IPG Photonics Corporation) are both stocks. AEIS operates in Electrical Equipment & Parts (Industrials), while IPGP operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, AEIS returned 26.83%/yr vs 3.95%/yr for IPGP. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
AEIS vs. IPGP - Performance Comparison
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Returns By Period
In the year-to-date period, AEIS achieves a 85.54% return, which is significantly higher than IPGP's 64.80% return. Over the past 10 years, AEIS has outperformed IPGP with an annualized return of 26.83%, while IPGP has yielded a comparatively lower 3.95% annualized return.
AEIS
- 1D
- 4.20%
- 1M
- 19.51%
- YTD
- 85.54%
- 6M
- 78.39%
- 1Y
- 202.35%
- 3Y*
- 55.05%
- 5Y*
- 29.75%
- 10Y*
- 26.83%
IPGP
- 1D
- -0.01%
- 1M
- -0.84%
- YTD
- 64.80%
- 6M
- 56.91%
- 1Y
- 78.76%
- 3Y*
- -4.00%
- 5Y*
- -10.59%
- 10Y*
- 3.95%
AEIS vs. IPGP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEIS Advanced Energy Industries, Inc. | 85.54% | 81.58% | 6.55% | 27.49% | -5.37% | -5.69% | 36.19% | 65.85% | -36.38% | 23.25% |
IPGP IPG Photonics Corporation | 64.80% | -1.54% | -33.00% | 14.65% | -45.00% | -23.08% | 54.42% | 27.92% | -47.09% | 116.93% |
Correlation
The correlation between AEIS and IPGP is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2006 | 0.51 |
The correlation between AEIS and IPGP shifts across timeframes, from 0.51 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AEIS:
$16.38B
IPGP:
$5.06B
AEIS:
$4.80
IPGP:
$0.68
AEIS:
80.86
IPGP:
174.08
AEIS:
1.57
IPGP:
15.52
AEIS:
8.08
IPGP:
4.83
AEIS:
11.83
IPGP:
2.39
AEIS:
$1.91B
IPGP:
$1.04B
AEIS:
$737.20M
IPGP:
$391.15M
AEIS:
$248.10M
IPGP:
$73.19M
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Return for Risk
AEIS vs. IPGP — Risk / Return Rank
AEIS
IPGP
AEIS vs. IPGP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Advanced Energy Industries, Inc. (AEIS) and IPG Photonics Corporation (IPGP). 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.
| AEIS | IPGP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.28 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 8.40 | 1.93 | +6.47 |
| Martin ratioReturn relative to average drawdown | 27.56 | 5.14 | +22.41 |
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Drawdowns
AEIS vs. IPGP - Drawdown Comparison
The maximum AEIS drawdown since its inception was -92.51%, which is greater than IPGP's maximum drawdown of -81.13%. Use the drawdown chart below to compare losses from any high point for AEIS and IPGP.
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Drawdown Indicators
| AEIS | IPGP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.51% | -81.13% | -11.38% |
Max Drawdown (1Y)Largest decline over 1 year | -24.24% | -40.98% | +16.74% |
Max Drawdown (3Y)Largest decline over 3 years | -39.87% | -64.44% | +24.57% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -77.23% | +37.36% |
Max Drawdown (10Y)Largest decline over 10 years | -62.28% | -81.13% | +18.85% |
Current DrawdownCurrent decline from peak | -0.18% | -55.19% | +55.01% |
Average DrawdownAverage peak-to-trough decline | -52.26% | -34.43% | -17.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.38% | 15.36% | -7.98% |
Volatility
AEIS vs. IPGP - Volatility Comparison
Advanced Energy Industries, Inc. (AEIS) has a higher volatility of 20.75% compared to IPG Photonics Corporation (IPGP) at 19.60%. This indicates that AEIS's price experiences larger fluctuations and is considered to be riskier than IPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEIS | IPGP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.75% | 19.60% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 42.25% | 60.80% | -18.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.55% | 66.84% | -14.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.46% | 47.39% | -3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.68% | 45.29% | -0.61% |
Dividends
AEIS vs. IPGP - Dividend Comparison
AEIS's dividend yield for the trailing twelve months is around 0.10%, while IPGP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AEIS Advanced Energy Industries, Inc. | 0.10% | 0.19% | 0.35% | 0.37% | 0.47% | 0.44% |
IPGP IPG Photonics Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AEIS vs. IPGP - Financials Comparison
This section allows you to compare key financial metrics between Advanced Energy Industries, Inc. and IPG Photonics Corporation. 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
AEIS vs. IPGP - Profitability Comparison
AEIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Advanced Energy Industries, Inc. reported a gross profit of 200.90M and revenue of 511.00M. Therefore, the gross margin over that period was 39.3%.
IPGP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IPG Photonics Corporation reported a gross profit of 99.50M and revenue of 265.50M. Therefore, the gross margin over that period was 37.5%.
AEIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Advanced Energy Industries, Inc. reported an operating income of 68.30M and revenue of 511.00M, resulting in an operating margin of 13.4%.
IPGP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IPG Photonics Corporation reported an operating income of -7.74M and revenue of 265.50M, resulting in an operating margin of -2.9%.
AEIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Advanced Energy Industries, Inc. reported a net income of 66.80M and revenue of 511.00M, resulting in a net margin of 13.1%.
IPGP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IPG Photonics Corporation reported a net income of 1.58M and revenue of 265.50M, resulting in a net margin of 0.6%.
Frequently Asked Questions
AEIS and IPGP have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AEIS has higher volatility (20.75%) compared to IPGP (19.60%). In terms of maximum drawdown, AEIS dropped -92.51% vs IPGP's -81.13%.
AEIS currently has the higher Sharpe Ratio (3.88 vs 1.19), 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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