ARRY vs. SEDG
ARRY (Array Technologies, Inc.) and SEDG (SolarEdge Technologies, Inc.) are both stocks. Both operate in the Solar industry within the Technology sector. Over the past 5 years, ARRY returned -11.52%/yr vs -26.32%/yr for SEDG. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
ARRY vs. SEDG - Performance Comparison
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Returns By Period
In the year-to-date period, ARRY achieves a -7.38% return, which is significantly lower than SEDG's 99.48% return.
ARRY
- 1D
- 6.75%
- 1M
- 0.71%
- YTD
- -7.38%
- 6M
- -15.11%
- 1Y
- 15.41%
- 3Y*
- -25.71%
- 5Y*
- -11.52%
- 10Y*
- —
SEDG
- 1D
- -0.86%
- 1M
- -7.10%
- YTD
- 99.48%
- 6M
- 86.19%
- 1Y
- 248.37%
- 3Y*
- -38.19%
- 5Y*
- -26.32%
- 10Y*
- 11.69%
ARRY vs. SEDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ARRY Array Technologies, Inc. | -7.38% | 52.65% | -64.05% | -13.09% | 23.20% | -63.63% | 46.24% |
SEDG SolarEdge Technologies, Inc. | 99.48% | 112.13% | -85.47% | -66.96% | 0.96% | -12.08% | 4.79% |
Correlation
The correlation between ARRY and SEDG is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.57 |
The correlation between ARRY and SEDG shifts across timeframes, from 0.47 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ARRY:
-$0.44
SEDG:
-$8.28
ARRY:
1.09
SEDG:
1.99
ARRY:
$1.21B
SEDG:
$1.28B
ARRY:
$269.92M
SEDG:
$232.34M
ARRY:
$5.35M
SEDG:
-$214.57M
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Return for Risk
ARRY vs. SEDG — Risk / Return Rank
ARRY
SEDG
ARRY vs. SEDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Array Technologies, Inc. (ARRY) and SolarEdge Technologies, Inc. (SEDG). 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.
| ARRY | SEDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.35 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 6.71 | -6.36 |
| Martin ratioReturn relative to average drawdown | 0.66 | 13.58 | -12.92 |
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Drawdowns
ARRY vs. SEDG - Drawdown Comparison
The maximum ARRY drawdown since its inception was -92.20%, smaller than the maximum SEDG drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for ARRY and SEDG.
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Drawdown Indicators
| ARRY | SEDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.20% | -97.16% | +4.96% |
Max Drawdown (1Y)Largest decline over 1 year | -44.31% | -37.26% | -7.05% |
Max Drawdown (3Y)Largest decline over 3 years | -84.88% | -96.31% | +11.43% |
Max Drawdown (5Y)Largest decline over 5 years | -85.31% | -97.16% | +11.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -97.16% | — |
Current DrawdownCurrent decline from peak | -83.27% | -84.38% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -68.96% | -43.26% | -25.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.51% | 18.39% | +5.12% |
Volatility
ARRY vs. SEDG - Volatility Comparison
The current volatility for Array Technologies, Inc. (ARRY) is 24.39%, while SolarEdge Technologies, Inc. (SEDG) has a volatility of 30.52%. This indicates that ARRY experiences smaller price fluctuations and is considered to be less risky than SEDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARRY | SEDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.39% | 30.52% | -6.13% |
Volatility (6M)Calculated over the trailing 6-month period | 63.72% | 69.17% | -5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.04% | 98.32% | -13.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.72% | 84.02% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.72% | 73.81% | +8.91% |
Dividends
ARRY vs. SEDG - Dividend Comparison
Neither ARRY nor SEDG has paid dividends to shareholders.
Financials
ARRY vs. SEDG - Financials Comparison
This section allows you to compare key financial metrics between Array Technologies, Inc. and SolarEdge Technologies, Inc.. 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
ARRY vs. SEDG - Profitability Comparison
ARRY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Array Technologies, Inc. reported a gross profit of 63.00M and revenue of 223.41M. Therefore, the gross margin over that period was 28.2%.
SEDG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SolarEdge Technologies, Inc. reported a gross profit of 68.28M and revenue of 310.50M. Therefore, the gross margin over that period was 22.0%.
ARRY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Array Technologies, Inc. reported an operating income of 7.11M and revenue of 223.41M, resulting in an operating margin of 3.2%.
SEDG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SolarEdge Technologies, Inc. reported an operating income of -55.04M and revenue of 310.50M, resulting in an operating margin of -17.7%.
ARRY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Array Technologies, Inc. reported a net income of 2.00M and revenue of 223.41M, resulting in a net margin of 0.9%.
SEDG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SolarEdge Technologies, Inc. reported a net income of -57.37M and revenue of 310.50M, resulting in a net margin of -18.5%.
Frequently Asked Questions
ARRY and SEDG have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SEDG has higher volatility (30.52%) compared to ARRY (24.39%). In terms of maximum drawdown, ARRY dropped -92.20% vs SEDG's -97.16%.
SEDG currently has the higher Sharpe Ratio (2.55 vs 0.18), 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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