ASPN vs. TWST
ASPN (Aspen Aerogels, Inc.) and TWST (Twist Bioscience Corporation) are both stocks. ASPN operates in Building Products & Equipment (Industrials), while TWST operates in Diagnostics & Research (Healthcare). Over the past 5 years, ASPN returned -31.51%/yr vs -4.20%/yr for TWST. At a 0.34 correlation, their price movements are largely independent.
Performance
ASPN vs. TWST - Performance Comparison
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Returns By Period
In the year-to-date period, ASPN achieves a 83.04% return, which is significantly lower than TWST's 184.84% return.
ASPN
- 1D
- 0.39%
- 1M
- -12.50%
- 6M
- 54.17%
- YTD
- 83.04%
- 1Y
- -24.16%
- 3Y*
- -14.58%
- 5Y*
- -31.51%
- 10Y*
- -0.49%
TWST
- 1D
- -0.31%
- 1M
- 18.62%
- 6M
- 137.51%
- YTD
- 184.84%
- 1Y
- 137.58%
- 3Y*
- 57.11%
- 5Y*
- -4.20%
- 10Y*
- —
ASPN vs. TWST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ASPN Aspen Aerogels, Inc. | 83.04% | -76.18% | -24.71% | 33.84% | -76.32% | 198.32% | 115.08% | 264.32% | -45.52% |
TWST Twist Bioscience Corporation | 184.84% | -31.74% | 26.07% | 54.81% | -69.23% | -45.23% | 572.81% | -9.05% | 77.62% |
Correlation
The correlation between ASPN and TWST is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2018 | 0.34 |
The correlation between ASPN and TWST shifts across timeframes, from 0.29 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ASPN:
$429.31M
TWST:
$5.63B
ASPN:
-$1.36
TWST:
-$1.33
ASPN:
1.86
TWST:
13.47
ASPN:
2.01
TWST:
12.25
ASPN:
$230.26M
TWST:
$409.48M
ASPN:
$27.46M
TWST:
$213.23M
ASPN:
-$59.70M
TWST:
-$58.23M
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Return for Risk
ASPN vs. TWST — Risk / Return Rank
ASPN
TWST
ASPN vs. TWST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aspen Aerogels, Inc. (ASPN) and Twist Bioscience Corporation (TWST). 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.
| ASPN | TWST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.30 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 3.84 | -4.18 |
| Martin ratioReturn relative to average drawdown | -0.52 | 8.37 | -8.89 |
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Drawdowns
ASPN vs. TWST - Drawdown Comparison
The maximum ASPN drawdown since its inception was -95.96%, roughly equal to the maximum TWST drawdown of -94.48%. Use the drawdown chart below to compare losses from any high point for ASPN and TWST.
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Drawdown Indicators
| ASPN | TWST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.96% | -94.48% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -70.86% | -36.08% | -34.78% |
Max Drawdown (3Y)Largest decline over 3 years | -91.90% | -58.97% | -32.93% |
Max Drawdown (5Y)Largest decline over 5 years | -95.96% | -91.54% | -4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -95.96% | — | — |
Current DrawdownCurrent decline from peak | -91.86% | -56.56% | -35.30% |
Average DrawdownAverage peak-to-trough decline | -56.66% | -58.13% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.47% | 16.78% | +29.69% |
Volatility
ASPN vs. TWST - Volatility Comparison
The current volatility for Aspen Aerogels, Inc. (ASPN) is 19.35%, while Twist Bioscience Corporation (TWST) has a volatility of 20.52%. This indicates that ASPN experiences smaller price fluctuations and is considered to be less risky than TWST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASPN | TWST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.35% | 20.52% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 66.53% | 49.16% | +17.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.63% | 67.85% | +24.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.27% | 76.14% | +11.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.00% | 78.32% | -3.32% |
Dividends
ASPN vs. TWST - Dividend Comparison
Neither ASPN nor TWST has paid dividends to shareholders.
Financials
ASPN vs. TWST - Financials Comparison
This section allows you to compare key financial metrics between Aspen Aerogels, Inc. and Twist Bioscience 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
ASPN vs. TWST - Profitability Comparison
ASPN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Aspen Aerogels, Inc. reported a gross profit of 4.28M and revenue of 37.88M. Therefore, the gross margin over that period was 11.3%.
TWST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Twist Bioscience Corporation reported a gross profit of 57.12M and revenue of 110.72M. Therefore, the gross margin over that period was 51.6%.
ASPN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Aspen Aerogels, Inc. reported an operating income of -20.83M and revenue of 37.88M, resulting in an operating margin of -55.0%.
TWST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Twist Bioscience Corporation reported an operating income of -45.86M and revenue of 110.72M, resulting in an operating margin of -41.4%.
ASPN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Aspen Aerogels, Inc. reported a net income of -23.69M and revenue of 37.88M, resulting in a net margin of -62.5%.
TWST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Twist Bioscience Corporation reported a net income of -44.02M and revenue of 110.72M, resulting in a net margin of -39.8%.
Frequently Asked Questions
ASPN and TWST have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TWST has higher volatility (20.52%) compared to ASPN (19.35%). In terms of maximum drawdown, ASPN dropped -95.96% vs TWST's -94.48%.
TWST currently has the higher Sharpe Ratio (2.04 vs -0.26), 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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