COHR vs. AIT
COHR (Coherent, Inc.) and AIT (Applied Industrial Technologies, Inc.) are both stocks. COHR operates in Scientific & Technical Instruments (Technology), while AIT operates in Industrial Distribution (Industrials). Over the past 10 years, COHR returned 34.35%/yr vs 23.04%/yr for AIT. At a 0.31 correlation, their price movements are largely independent.
Performance
COHR vs. AIT - Performance Comparison
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Returns By Period
In the year-to-date period, COHR achieves a 108.61% return, which is significantly higher than AIT's 25.10% return. Over the past 10 years, COHR has outperformed AIT with an annualized return of 34.35%, while AIT has yielded a comparatively lower 23.04% annualized return.
COHR
- 1D
- 5.90%
- 1M
- -4.63%
- YTD
- 108.61%
- 6M
- 115.90%
- 1Y
- 375.64%
- 3Y*
- 107.95%
- 5Y*
- 40.59%
- 10Y*
- 34.35%
AIT
- 1D
- 0.38%
- 1M
- 3.14%
- YTD
- 25.10%
- 6M
- 22.72%
- 1Y
- 40.01%
- 3Y*
- 33.34%
- 5Y*
- 28.88%
- 10Y*
- 23.04%
COHR vs. AIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COHR Coherent, Inc. | 108.61% | 94.84% | 117.62% | 24.02% | -48.63% | -10.04% | 125.60% | 3.73% | -30.86% | 58.35% |
AIT Applied Industrial Technologies, Inc. | 25.10% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -19.41% | 16.89% |
Correlation
The correlation between COHR and AIT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.31 |
The correlation between COHR and AIT shifts across timeframes, from 0.21 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
COHR:
$1.64K
AIT:
$10.56
COHR:
0.23
AIT:
30.31
COHR:
0.04
AIT:
0.95
COHR:
0.02
AIT:
2.53
COHR:
$1.81T
AIT:
$4.84B
COHR:
$1.76B
AIT:
$1.47B
COHR:
$960.76M
AIT:
$563.38M
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Return for Risk
COHR vs. AIT — Risk / Return Rank
COHR
AIT
COHR vs. AIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coherent, Inc. (COHR) and Applied Industrial Technologies, Inc. (AIT). 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.
| COHR | AIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.26 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 14.28 | 3.13 | +11.15 |
| Martin ratioReturn relative to average drawdown | 39.14 | 7.52 | +31.63 |
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Drawdowns
COHR vs. AIT - Drawdown Comparison
The maximum COHR drawdown since its inception was -80.89%, which is greater than AIT's maximum drawdown of -66.47%. Use the drawdown chart below to compare losses from any high point for COHR and AIT.
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Drawdown Indicators
| COHR | AIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -66.47% | -14.42% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -12.86% | -13.66% |
Max Drawdown (3Y)Largest decline over 3 years | -54.85% | -26.42% | -28.43% |
Max Drawdown (5Y)Largest decline over 5 years | -62.87% | -26.42% | -36.45% |
Max Drawdown (10Y)Largest decline over 10 years | -72.22% | -59.29% | -12.93% |
Current DrawdownCurrent decline from peak | -9.81% | -0.84% | -8.97% |
Average DrawdownAverage peak-to-trough decline | -35.02% | -18.04% | -16.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.66% | 5.34% | +4.32% |
Volatility
COHR vs. AIT - Volatility Comparison
Coherent, Inc. (COHR) has a higher volatility of 27.87% compared to Applied Industrial Technologies, Inc. (AIT) at 6.81%. This indicates that COHR's price experiences larger fluctuations and is considered to be riskier than AIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COHR | AIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.87% | 6.81% | +21.06% |
Volatility (6M)Calculated over the trailing 6-month period | 57.45% | 19.32% | +38.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.72% | 26.52% | +47.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.62% | 30.51% | +31.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.55% | 33.29% | +23.26% |
Dividends
COHR vs. AIT - Dividend Comparison
COHR has not paid dividends to shareholders, while AIT's dividend yield for the trailing twelve months is around 0.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.61% | 0.72% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% |
COHR Coherent, Inc. | 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
COHR vs. AIT - Financials Comparison
This section allows you to compare key financial metrics between Coherent, Inc. and Applied Industrial 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
COHR vs. AIT - Profitability Comparison
COHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a gross profit of 0.00 and revenue of 1.81T. Therefore, the gross margin over that period was 0.0%.
AIT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a gross profit of 397.52M and revenue of 1.25B. Therefore, the gross margin over that period was 31.8%.
COHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported an operating income of 0.00 and revenue of 1.81T, resulting in an operating margin of 0.0%.
AIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported an operating income of 137.93M and revenue of 1.25B, resulting in an operating margin of 11.0%.
COHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coherent, Inc. reported a net income of 191.40B and revenue of 1.81T, resulting in a net margin of 10.6%.
AIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Applied Industrial Technologies, Inc. reported a net income of 99.77M and revenue of 1.25B, resulting in a net margin of 8.0%.
Frequently Asked Questions
COHR and AIT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (27.87%) compared to AIT (6.81%). In terms of maximum drawdown, COHR dropped -80.89% vs AIT's -66.47%.
COHR currently has the higher Sharpe Ratio (5.14 vs 1.52), 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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