COHU vs. AXTI
COHU (Cohu, Inc.) and AXTI (AXT, Inc.) are both stocks. Both operate in the Semiconductor Equipment & Materials industry within the Technology sector. Over the past 10 years, COHU returned 21.04%/yr vs 36.98%/yr for AXTI. At a 0.33 correlation, their price movements are largely independent.
Performance
COHU vs. AXTI - Performance Comparison
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Returns By Period
In the year-to-date period, COHU achieves a 189.47% return, which is significantly lower than AXTI's 322.39% return. Over the past 10 years, COHU has underperformed AXTI with an annualized return of 21.04%, while AXTI has yielded a comparatively higher 36.98% annualized return.
COHU
- 1D
- 5.81%
- 1M
- 34.91%
- YTD
- 189.47%
- 6M
- 186.03%
- 1Y
- 245.79%
- 3Y*
- 19.36%
- 5Y*
- 14.15%
- 10Y*
- 21.04%
AXTI
- 1D
- -1.54%
- 1M
- -47.92%
- YTD
- 322.39%
- 6M
- 360.09%
- 1Y
- 3,142.25%
- 3Y*
- 174.20%
- 5Y*
- 44.58%
- 10Y*
- 36.98%
COHU vs. AXTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COHU Cohu, Inc. | 189.47% | -12.85% | -24.55% | 10.42% | -15.86% | -0.24% | 67.55% | 44.29% | -25.96% | 59.95% |
AXTI AXT, Inc. | 322.39% | 653.46% | -9.58% | -45.21% | -50.28% | -7.94% | 120.00% | -0.00% | -50.00% | 81.25% |
Correlation
The correlation between COHU and AXTI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 21, 1998 | 0.33 |
The correlation between COHU and AXTI shifts across timeframes, from 0.27 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
COHU:
$3.17B
AXTI:
$3.68B
COHU:
-$1.19
AXTI:
-$0.30
COHU:
6.55
AXTI:
33.39
COHU:
3.95
AXTI:
13.57
COHU:
$481.28M
AXTI:
$95.89M
COHU:
$143.88M
AXTI:
$20.46M
COHU:
-$10.69M
AXTI:
-$7.63M
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Return for Risk
COHU vs. AXTI — Risk / Return Rank
COHU
AXTI
COHU vs. AXTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohu, Inc. (COHU) and AXT, Inc. (AXTI). 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.
| COHU | AXTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.69 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 12.23 | 62.55 | -50.32 |
| Martin ratioReturn relative to average drawdown | 34.04 | 207.91 | -173.87 |
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Drawdowns
COHU vs. AXTI - Drawdown Comparison
The maximum COHU drawdown since its inception was -86.67%, smaller than the maximum AXTI drawdown of -98.57%. Use the drawdown chart below to compare losses from any high point for COHU and AXTI.
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Drawdown Indicators
| COHU | AXTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.67% | -98.57% | +11.90% |
Max Drawdown (1Y)Largest decline over 1 year | -20.24% | -50.96% | +30.72% |
Max Drawdown (3Y)Largest decline over 3 years | -69.46% | -78.52% | +9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -69.46% | -89.63% | +20.17% |
Max Drawdown (10Y)Largest decline over 10 years | -73.63% | -92.45% | +18.82% |
Current DrawdownCurrent decline from peak | -3.87% | -50.96% | +47.09% |
Average DrawdownAverage peak-to-trough decline | -48.00% | -82.22% | +34.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.26% | 15.30% | -8.04% |
Volatility
COHU vs. AXTI - Volatility Comparison
The current volatility for Cohu, Inc. (COHU) is 24.03%, while AXT, Inc. (AXTI) has a volatility of 43.56%. This indicates that COHU experiences smaller price fluctuations and is considered to be less risky than AXTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COHU | AXTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.03% | 43.56% | -19.53% |
Volatility (6M)Calculated over the trailing 6-month period | 41.17% | 116.24% | -75.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.11% | 139.69% | -86.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.76% | 97.04% | -50.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.44% | 83.23% | -32.79% |
Dividends
COHU vs. AXTI - Dividend Comparison
Neither COHU nor AXTI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXTI AXT, 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% |
COHU Cohu, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.16% | 1.05% | 1.49% | 1.09% | 1.73% | 1.99% |
Financials
COHU vs. AXTI - Financials Comparison
This section allows you to compare key financial metrics between Cohu, Inc. and AXT, 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
COHU vs. AXTI - Profitability Comparison
COHU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cohu, Inc. reported a gross profit of 0.00 and revenue of 125.12M. Therefore, the gross margin over that period was 0.0%.
AXTI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AXT, Inc. reported a gross profit of 7.98M and revenue of 26.92M. Therefore, the gross margin over that period was 29.6%.
COHU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cohu, Inc. reported an operating income of -11.15M and revenue of 125.12M, resulting in an operating margin of -8.9%.
AXTI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AXT, Inc. reported an operating income of -1.59M and revenue of 26.92M, resulting in an operating margin of -5.9%.
COHU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cohu, Inc. reported a net income of -12.07M and revenue of 125.12M, resulting in a net margin of -9.7%.
AXTI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AXT, Inc. reported a net income of -1.62M and revenue of 26.92M, resulting in a net margin of -6.0%.
Frequently Asked Questions
COHU and AXTI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXTI has higher volatility (43.56%) compared to COHU (24.03%). In terms of maximum drawdown, COHU dropped -86.67% vs AXTI's -98.57%.
AXTI currently has the higher Sharpe Ratio (22.83 vs 4.66), 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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