COHR vs. OLED
COHR (Coherent Corp.) and OLED (Universal Display Corporation) are both stocks. Both are in the Technology sector — COHR in Scientific & Technical Instruments, OLED in Semiconductor Equipment & Materials. Over the past 10 years, COHR returned 28.55%/yr vs 1.71%/yr for OLED. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
COHR vs. OLED - Performance Comparison
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Returns By Period
In the year-to-date period, COHR achieves a 42.43% return, which is significantly higher than OLED's -30.62% return. Over the past 10 years, COHR has outperformed OLED with an annualized return of 28.55%, while OLED has yielded a comparatively lower 1.71% annualized return.
COHR
- 1D
- 5.55%
- 1M
- -21.14%
- 6M
- 23.90%
- YTD
- 42.43%
- 1Y
- 155.75%
- 3Y*
- 77.59%
- 5Y*
- 30.37%
- 10Y*
- 28.55%
- ALL TIME*
- 19.25%
OLED
- 1D
- -0.25%
- 1M
- 1.86%
- 6M
- -29.44%
- YTD
- -30.62%
- 1Y
- -43.72%
- 3Y*
- -16.66%
- 5Y*
- -18.44%
- 10Y*
- 1.71%
- ALL TIME*
- 9.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
COHR Coherent Corp. | $1.31B | $1.37B | $2.05B |
| $67.47M | $61.91M | $71.90M |
COHR vs. OLED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COHR Coherent Corp. | 42.43% | 94.84% | 117.62% | 24.02% | -48.63% | -10.04% | 125.60% | 3.73% | -30.86% | 58.35% |
OLED Universal Display Corporation | -30.62% | -19.07% | -22.88% | 78.64% | -33.87% | -27.89% | 11.91% | 120.74% | -45.69% | 206.97% |
Correlation
The correlation between COHR and OLED is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 1996 | 0.37 |
The correlation between COHR and OLED shifts across timeframes, from 0.36 (1 year) to 0.54 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
COHR:
$51.43B
OLED:
$3.75B
COHR:
$1.85K
OLED:
$4.13
COHR:
0.14
OLED:
19.40
COHR:
0.02
OLED:
2.66
COHR:
0.02
OLED:
6.26
COHR:
$1.81T
OLED:
$606.91M
COHR:
$1.76B
OLED:
$447.83M
COHR:
$960.76M
OLED:
$219.20M
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Return for Risk
COHR vs. OLED — Risk / Return Rank
COHR
OLED
COHR vs. OLED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coherent Corp. (COHR) and Universal Display Corporation (OLED). 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 | OLED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.89 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.81 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | -0.91 | +3.94 |
| Martin ratioReturn relative to average drawdown | 10.76 | -1.53 | +12.29 |
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Drawdowns
COHR vs. OLED - Drawdown Comparison
The maximum COHR drawdown since its inception was -80.89%, smaller than the maximum OLED drawdown of -85.55%. Use the drawdown chart below to compare losses from any high point for COHR and OLED.
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Drawdown Indicators
| COHR | OLED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -85.55% | +4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -47.98% | -47.76% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -54.85% | -66.09% | +11.24% |
Max Drawdown (5Y)Largest decline over 5 years | -62.87% | -66.09% | +3.22% |
Max Drawdown (10Y)Largest decline over 10 years | -72.22% | -68.34% | -3.88% |
Current DrawdownCurrent decline from peak | -38.42% | -67.43% | +29.01% |
Average DrawdownAverage peak-to-trough decline | -34.97% | -45.29% | +10.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.46% | 28.51% | -15.05% |
Volatility
COHR vs. OLED - Volatility Comparison
Coherent Corp. (COHR) has a higher volatility of 29.28% compared to Universal Display Corporation (OLED) at 9.22%. This indicates that COHR's price experiences larger fluctuations and is considered to be riskier than OLED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COHR | OLED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.28% | 9.22% | +20.06% |
Volatility (6M)Calculated over the trailing 6-month period | 64.16% | 31.76% | +32.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.08% | 39.83% | +41.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.47% | 44.02% | +19.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.61% | 47.46% | +10.15% |
Dividends
COHR vs. OLED - Dividend Comparison
COHR has not paid dividends to shareholders, while OLED's dividend yield for the trailing twelve months is around 2.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
COHR Coherent Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OLED Universal Display Corporation | 2.37% | 1.54% | 1.09% | 0.73% | 1.11% | 0.48% | 0.26% | 0.19% | 0.26% | 0.07% |
Financials
COHR vs. OLED - Financials Comparison
This section allows you to compare key financial metrics between Coherent Corp. and Universal Display 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
COHR vs. OLED - Profitability Comparison
COHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Coherent Corp. reported a gross profit of 0.00 and revenue of 1.81T. Therefore, the gross margin over that period was 0.0%.
OLED - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Universal Display Corporation reported a gross profit of 121.06M and revenue of 152.16M. Therefore, the gross margin over that period was 79.6%.
COHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Coherent Corp. reported an operating income of 0.00 and revenue of 1.81T, resulting in an operating margin of 0.0%.
OLED - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Universal Display Corporation reported an operating income of 53.65M and revenue of 152.16M, resulting in an operating margin of 35.3%.
COHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Coherent Corp. reported a net income of 191.40B and revenue of 1.81T, resulting in a net margin of 10.6%.
OLED - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Universal Display Corporation reported a net income of 49.42M and revenue of 152.16M, resulting in a net margin of 32.5%.
Frequently Asked Questions
COHR and OLED have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (29.28%) compared to OLED (9.22%). In terms of maximum drawdown, COHR dropped -80.89% vs OLED's -85.55%.
COHR currently has the higher Sharpe Ratio (1.79 vs -1.10), 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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