FLUX vs. HSAI

Last updated Jun 4, 2026

FLUX (Flux Power Holdings, Inc.) and HSAI (Hesai Group American Depositary Share each ADS represents one Class B ordinary share) are both stocks. FLUX operates in Electrical Equipment & Parts (Industrials), while HSAI operates in Auto Parts (Consumer Cyclical). Over the past 3 years, FLUX returned -34.80%/yr vs 34.40%/yr for HSAI. At a 0.17 correlation, their price movements are largely independent.

Performance

FLUX vs. HSAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Flux Power Holdings, Inc. (FLUX) and Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLUX achieves a -19.69% return, which is significantly lower than HSAI's -7.23% return.

FLUX

• 1D: -3.77%
• 1M: -21.54%
• YTD: -19.69%
• 6M: -37.80%
• 1Y: -32.89%
• 3Y*: -34.80%
• 5Y*: -37.56%
• 10Y*: 8.53%

HSAI

• 1D: -4.06%
• 1M: -3.93%
• YTD: -7.23%
• 6M: 8.17%
• 1Y: 5.43%
• 3Y*: 34.40%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLUX vs. HSAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLUX Flux Power Holdings, Inc.	-19.69%	-19.62%	-61.56%	-33.60%
HSAI Hesai Group American Depositary Share each ADS represents one Class B ordinary share	-7.23%	62.08%	55.11%	-57.67%

Correlation

The correlation between FLUX and HSAI is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Feb 10, 2023	0.17

Fundamentals

Market Cap FLUX : $21.77M HSAI : $3.39B
EPS FLUX : -$0.35 HSAI : $3.08
PS Ratio FLUX : 0.36 HSAI : 1.00
PB Ratio FLUX : 4.72 HSAI : 0.38
Total Revenue (TTM) FLUX : $50.62M HSAI : $3.16B
Gross Profit (TTM) FLUX : $16.23M HSAI : $1.30B
EBITDA (TTM) FLUX : -$212.00K HSAI : $149.83M

Return for Risk

FLUX vs. HSAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLUX

FLUX Risk / Return Rank: 35
FLUX Sharpe Ratio Rank: 30
FLUX Sortino Ratio Rank: 42
FLUX Omega Ratio Rank: 42
FLUX Calmar Ratio Rank: 28
FLUX Martin Ratio Rank: 31

HSAI

HSAI Risk / Return Rank: 44
HSAI Sharpe Ratio Rank: 43
HSAI Sortino Ratio Rank: 46
HSAI Omega Ratio Rank: 44
HSAI Calmar Ratio Rank: 43
HSAI Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLUX vs. HSAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Flux Power Holdings, Inc. (FLUX) and Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI). 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.

	FLUX	HSAI	Difference
Sharpe ratio Return per unit of total volatility	-0.25	0.07	-0.33
Sortino ratio Return per unit of downside risk	0.51	0.68	-0.17
Omega ratio Gain probability vs. loss probability	1.06	1.08	-0.02
Calmar ratio Return relative to maximum drawdown	-0.39	0.11	-0.50
Martin ratio Return relative to average drawdown	-0.53	0.26	-0.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLUX vs. HSAI - Sharpe Ratio Comparison

The current FLUX Sharpe Ratio is -0.25, which is lower than the HSAI Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of FLUX and HSAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLUX	HSAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	0.07	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	-0.00	0.00

Drawdowns

FLUX vs. HSAI - Drawdown Comparison

The maximum FLUX drawdown since its inception was -100.00%, which is greater than HSAI's maximum drawdown of -84.17%. Use the drawdown chart below to compare losses from any high point for FLUX and HSAI.

Drawdown Indicators

	FLUX	HSAI	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-84.17%	-15.83%
Max Drawdown (1Y) Largest decline over 1 year	-85.59%	-49.56%	-36.03%
Max Drawdown (3Y) Largest decline over 3 years	-85.59%	-73.37%	-12.22%
Max Drawdown (5Y) Largest decline over 5 years	-92.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.86%	—	—
Current Drawdown Current decline from peak	-99.99%	-30.27%	-69.72%
Average Drawdown Average peak-to-trough decline	-95.53%	-45.30%	-50.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	61.88%	20.69%	+41.19%

Volatility

FLUX vs. HSAI - Volatility Comparison

Flux Power Holdings, Inc. (FLUX) has a higher volatility of 26.69% compared to Hesai Group American Depositary Share each ADS represents one Class B ordinary share (HSAI) at 22.64%. This indicates that FLUX's price experiences larger fluctuations and is considered to be riskier than HSAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLUX	HSAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.69%	22.64%	+4.05%
Volatility (6M) Calculated over the trailing 6-month period	66.88%	46.69%	+20.19%
Volatility (1Y) Calculated over the trailing 1-year period	129.49%	75.18%	+54.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.00%	98.16%	-5.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	313.14%	98.16%	+214.98%

Dividends

FLUX vs. HSAI - Dividend Comparison

Neither FLUX nor HSAI has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

FLUX vs. HSAI - Profitability Comparison

The chart below illustrates the profitability comparison between Flux Power Holdings, Inc. and Hesai Group American Depositary Share each ADS represents one Class B ordinary share over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FLUX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Flux Power Holdings, Inc. reported a gross profit of 1.80M and revenue of 6.59M. Therefore, the gross margin over that period was 27.3%.

HSAI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hesai Group American Depositary Share each ADS represents one Class B ordinary share reported a gross profit of 264.41M and revenue of 676.44M. Therefore, the gross margin over that period was 39.1%.

FLUX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Flux Power Holdings, Inc. reported an operating income of 1.18M and revenue of 6.59M, resulting in an operating margin of 17.9%.

HSAI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hesai Group American Depositary Share each ADS represents one Class B ordinary share reported an operating income of -32.73M and revenue of 676.44M, resulting in an operating margin of -4.8%.

FLUX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Flux Power Holdings, Inc. reported a net income of -3.18M and revenue of 6.59M, resulting in a net margin of -48.2%.

HSAI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hesai Group American Depositary Share each ADS represents one Class B ordinary share reported a net income of 18.20M and revenue of 676.44M, resulting in a net margin of 2.7%.

Frequently Asked Questions

Can I hold both FLUX and HSAI in my portfolio?

FLUX and HSAI have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLUX or HSAI?

FLUX has higher volatility (26.69%) compared to HSAI (22.64%). In terms of maximum drawdown, FLUX dropped -100.00% vs HSAI's -84.17%.

Which has better risk-adjusted returns?

HSAI currently has the higher Sharpe Ratio (0.07 vs -0.25), 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.