CGNX vs. ZBRA
CGNX (Cognex Corporation) and ZBRA (Zebra Technologies Corporation) are both stocks. Both are in the Technology sector — CGNX in Scientific & Technical Instruments, ZBRA in Communication Equipment. Over the past 10 years, CGNX returned 11.89%/yr vs 15.32%/yr for ZBRA. At a 0.38 correlation, their price movements are largely independent.
Performance
CGNX vs. ZBRA - Performance Comparison
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Returns By Period
In the year-to-date period, CGNX achieves a 73.89% return, which is significantly higher than ZBRA's -4.03% return. Over the past 10 years, CGNX has underperformed ZBRA with an annualized return of 11.89%, while ZBRA has yielded a comparatively higher 15.32% annualized return.
CGNX
- 1D
- 2.58%
- 1M
- -4.85%
- YTD
- 73.89%
- 6M
- 62.85%
- 1Y
- 107.46%
- 3Y*
- 4.89%
- 5Y*
- -3.98%
- 10Y*
- 11.89%
ZBRA
- 1D
- 0.40%
- 1M
- 3.10%
- YTD
- -4.03%
- 6M
- -11.86%
- 1Y
- -21.10%
- 3Y*
- -5.33%
- 5Y*
- -14.34%
- 10Y*
- 15.32%
CGNX vs. ZBRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGNX Cognex Corporation | 73.89% | 1.24% | -13.45% | -10.84% | -39.11% | -2.85% | 47.69% | 45.54% | -36.53% | 92.91% |
ZBRA Zebra Technologies Corporation | -4.03% | -37.13% | 41.30% | 6.60% | -56.92% | 54.87% | 50.46% | 60.42% | 53.40% | 21.04% |
Correlation
The correlation between CGNX and ZBRA is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 1991 | 0.38 |
The correlation between CGNX and ZBRA shifts across timeframes, from 0.38 (all time) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CGNX:
$10.51B
ZBRA:
$11.80B
CGNX:
$0.84
ZBRA:
$8.16
CGNX:
73.88
ZBRA:
28.56
CGNX:
10.06
ZBRA:
2.14
CGNX:
7.10
ZBRA:
3.40
CGNX:
$1.05B
ZBRA:
$5.58B
CGNX:
$712.01M
ZBRA:
$2.65B
CGNX:
$224.08M
ZBRA:
$1.02B
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Return for Risk
CGNX vs. ZBRA — Risk / Return Rank
CGNX
ZBRA
CGNX vs. ZBRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cognex Corporation (CGNX) and Zebra Technologies Corporation (ZBRA). 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.
| CGNX | ZBRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.64 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.94 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | -0.51 | +4.39 |
| Martin ratioReturn relative to average drawdown | 8.76 | -0.88 | +9.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGNX | ZBRA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | -0.51 | +2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.36 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.39 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.24 | +0.04 |
Drawdowns
CGNX vs. ZBRA - Drawdown Comparison
The maximum CGNX drawdown since its inception was -83.71%, which is greater than ZBRA's maximum drawdown of -73.42%. Use the drawdown chart below to compare losses from any high point for CGNX and ZBRA.
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Drawdown Indicators
| CGNX | ZBRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.71% | -73.42% | -10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -27.86% | -41.62% | +13.76% |
Max Drawdown (3Y)Largest decline over 3 years | -59.98% | -52.67% | -7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -74.07% | -67.78% | -6.29% |
Max Drawdown (10Y)Largest decline over 10 years | -74.63% | -67.78% | -6.85% |
Current DrawdownCurrent decline from peak | -31.35% | -62.08% | +30.73% |
Average DrawdownAverage peak-to-trough decline | -37.52% | -27.69% | -9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.31% | 23.98% | -11.67% |
Volatility
CGNX vs. ZBRA - Volatility Comparison
The current volatility for Cognex Corporation (CGNX) is 13.16%, while Zebra Technologies Corporation (ZBRA) has a volatility of 16.92%. This indicates that CGNX experiences smaller price fluctuations and is considered to be less risky than ZBRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGNX | ZBRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.16% | 16.92% | -3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 42.07% | 30.20% | +11.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.00% | 41.55% | +16.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.52% | 40.33% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.85% | 39.31% | +2.54% |
Dividends
CGNX vs. ZBRA - Dividend Comparison
CGNX's dividend yield for the trailing twelve months is around 0.54%, while ZBRA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGNX Cognex Corporation | 0.54% | 0.90% | 0.85% | 0.68% | 0.56% | 0.32% | 2.77% | 0.37% | 0.48% | 0.27% | 0.46% | 0.62% |
ZBRA Zebra Technologies Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CGNX vs. ZBRA - Financials Comparison
This section allows you to compare key financial metrics between Cognex Corporation and Zebra Technologies 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
CGNX vs. ZBRA - Profitability Comparison
CGNX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cognex Corporation reported a gross profit of 190.94M and revenue of 268.44M. Therefore, the gross margin over that period was 71.1%.
ZBRA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zebra Technologies Corporation reported a gross profit of 742.00M and revenue of 1.50B. Therefore, the gross margin over that period was 49.6%.
CGNX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cognex Corporation reported an operating income of 59.87M and revenue of 268.44M, resulting in an operating margin of 22.3%.
ZBRA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zebra Technologies Corporation reported an operating income of 215.00M and revenue of 1.50B, resulting in an operating margin of 14.4%.
CGNX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cognex Corporation reported a net income of 51.70M and revenue of 268.44M, resulting in a net margin of 19.3%.
ZBRA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zebra Technologies Corporation reported a net income of 135.00M and revenue of 1.50B, resulting in a net margin of 9.0%.
Frequently Asked Questions
CGNX and ZBRA have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZBRA has higher volatility (16.92%) compared to CGNX (13.16%). In terms of maximum drawdown, CGNX dropped -83.71% vs ZBRA's -73.42%.
CGNX currently has the higher Sharpe Ratio (1.87 vs -0.51), 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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