COHR vs. TER
COHR (Coherent, Inc.) and TER (Teradyne, Inc.) are both stocks. Both are in the Technology sector — COHR in Scientific & Technical Instruments, TER in Semiconductor Equipment & Materials. Over the past 10 years, COHR returned 35.09%/yr vs 34.87%/yr for TER. At a 0.34 correlation, their price movements are largely independent.
Performance
COHR vs. TER - Performance Comparison
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Returns By Period
In the year-to-date period, COHR achieves a 117.77% return, which is significantly higher than TER's 93.73% return. Both investments have delivered pretty close results over the past 10 years, with COHR having a 35.09% annualized return and TER not far behind at 34.87%.
COHR
- 1D
- 6.62%
- 1M
- 19.89%
- YTD
- 117.77%
- 6M
- 116.25%
- 1Y
- 404.05%
- 3Y*
- 117.79%
- 5Y*
- 41.61%
- 10Y*
- 35.09%
TER
- 1D
- 4.68%
- 1M
- 4.19%
- YTD
- 93.73%
- 6M
- 84.73%
- 1Y
- 340.75%
- 3Y*
- 53.39%
- 5Y*
- 25.10%
- 10Y*
- 34.87%
COHR vs. TER - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COHR Coherent, Inc. | 117.77% | 94.84% | 117.62% | 24.02% | -48.63% | -10.04% | 125.60% | 3.73% | -30.86% | 58.35% |
TER Teradyne, Inc. | 93.73% | 54.39% | 16.51% | 24.78% | -46.35% | 36.81% | 76.73% | 118.93% | -24.37% | 66.16% |
Correlation
The correlation between COHR and TER is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
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 Mar 27, 1990 | 0.34 |
Over the past year, COHR and TER have become more correlated (0.57) than their long-term average of 0.34, meaning their price movements have been converging.
Fundamentals
COHR:
$1.64K
TER:
$5.38
COHR:
0.24
TER:
69.70
COHR:
0.03
TER:
15.72
COHR:
$1.81T
TER:
$3.79B
COHR:
$1.76B
TER:
$2.23B
COHR:
$960.76M
TER:
$1.11B
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Return for Risk
COHR vs. TER — Risk / Return Rank
COHR
TER
COHR vs. TER - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coherent, Inc. (COHR) and Teradyne, Inc. (TER). 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.
| COHR | TER | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.63 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 15.36 | 12.85 | +2.51 |
| Martin ratioReturn relative to average drawdown | 42.88 | 46.52 | -3.64 |
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
| COHR | TER | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.62 | 5.19 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.51 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.78 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.22 | +0.11 |
Drawdowns
COHR vs. TER - Drawdown Comparison
The maximum COHR drawdown since its inception was -80.89%, smaller than the maximum TER drawdown of -97.30%. Use the drawdown chart below to compare losses from any high point for COHR and TER.
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Drawdown Indicators
| COHR | TER | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -97.30% | +16.41% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -26.73% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -54.85% | -58.18% | +3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -62.87% | -59.12% | -3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -72.22% | -59.12% | -13.10% |
Current DrawdownCurrent decline from peak | -5.85% | -10.34% | +4.49% |
Average DrawdownAverage peak-to-trough decline | -35.03% | -58.69% | +23.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.48% | 7.37% | +2.11% |
Volatility
COHR vs. TER - Volatility Comparison
Coherent, Inc. (COHR) has a higher volatility of 28.41% compared to Teradyne, Inc. (TER) at 21.89%. This indicates that COHR's price experiences larger fluctuations and is considered to be riskier than TER based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COHR | TER | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.41% | 21.89% | +6.52% |
Volatility (6M)Calculated over the trailing 6-month period | 55.90% | 51.74% | +4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.65% | 66.25% | +6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.36% | 49.92% | +11.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.43% | 45.15% | +11.28% |
Dividends
COHR vs. TER - Dividend Comparison
COHR has not paid dividends to shareholders, while TER's dividend yield for the trailing twelve months is around 0.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TER Teradyne, Inc. | 0.13% | 0.25% | 0.38% | 0.41% | 0.50% | 0.24% | 0.33% | 0.53% | 1.15% | 0.67% | 0.94% | 1.16% |
Financials
COHR vs. TER - Financials Comparison
This section allows you to compare key financial metrics between Coherent, Inc. and Teradyne, 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. TER - 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%.
TER - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a gross profit of 780.95M and revenue of 1.28B. Therefore, the gross margin over that period was 60.9%.
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%.
TER - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported an operating income of 473.00M and revenue of 1.28B, resulting in an operating margin of 36.9%.
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%.
TER - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a net income of 398.91M and revenue of 1.28B, resulting in a net margin of 31.1%.
Frequently Asked Questions
COHR and TER have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (28.41%) compared to TER (21.89%). In terms of maximum drawdown, COHR dropped -80.89% vs TER's -97.30%.
COHR currently has the higher Sharpe Ratio (5.62 vs 5.19), 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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