INCY vs. PLTR
INCY (Incyte Corporation) and PLTR (Palantir Technologies Inc.) are both stocks. INCY operates in Biotechnology (Healthcare), while PLTR operates in Software - Infrastructure (Technology). Over the past 5 years, INCY returned 5.62%/yr vs 39.00%/yr for PLTR. At a 0.15 correlation, their price movements are largely independent.
Performance
INCY vs. PLTR - Performance Comparison
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Returns By Period
In the year-to-date period, INCY achieves a 9.88% return, which is significantly higher than PLTR's -27.99% return.
INCY
- 1D
- 0.65%
- 1M
- 9.83%
- YTD
- 9.88%
- 6M
- 13.75%
- 1Y
- 56.79%
- 3Y*
- 20.55%
- 5Y*
- 5.62%
- 10Y*
- 3.13%
PLTR
- 1D
- -2.36%
- 1M
- -1.58%
- YTD
- -27.99%
- 6M
- -30.28%
- 1Y
- -5.33%
- 3Y*
- 99.99%
- 5Y*
- 39.00%
- 10Y*
- —
INCY vs. PLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
INCY Incyte Corporation | 9.88% | 43.00% | 10.00% | -21.83% | 9.43% | -15.61% | -0.51% |
PLTR Palantir Technologies Inc. | -27.99% | 135.03% | 340.48% | 167.45% | -64.74% | -22.68% | 135.50% |
Correlation
The correlation between INCY and PLTR is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.15 |
The correlation between INCY and PLTR shifts across timeframes, from 0.04 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
INCY:
$22.45B
PLTR:
$329.05B
INCY:
$7.06
PLTR:
$0.89
INCY:
15.38
PLTR:
144.03
INCY:
0.02
PLTR:
0.84
INCY:
4.11
PLTR:
62.90
INCY:
3.99
PLTR:
38.94
INCY:
$5.36B
PLTR:
$5.22B
INCY:
$3.76B
PLTR:
$4.39B
INCY:
$1.80B
PLTR:
$2.01B
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Return for Risk
INCY vs. PLTR — Risk / Return Rank
INCY
PLTR
INCY vs. PLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Incyte Corporation (INCY) and Palantir Technologies Inc. (PLTR). 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.
| INCY | PLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.03 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | -0.14 | +3.25 |
| Martin ratioReturn relative to average drawdown | 6.94 | -0.25 | +7.19 |
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Drawdowns
INCY vs. PLTR - Drawdown Comparison
The maximum INCY drawdown since its inception was -98.54%, which is greater than PLTR's maximum drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for INCY and PLTR.
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Drawdown Indicators
| INCY | PLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.54% | -84.62% | -13.92% |
Max Drawdown (1Y)Largest decline over 1 year | -18.33% | -38.22% | +19.89% |
Max Drawdown (3Y)Largest decline over 3 years | -33.83% | -40.61% | +6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -41.06% | -79.14% | +38.08% |
Max Drawdown (10Y)Largest decline over 10 years | -66.47% | — | — |
Current DrawdownCurrent decline from peak | -28.91% | -38.22% | +9.31% |
Average DrawdownAverage peak-to-trough decline | -59.88% | -40.27% | -19.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.21% | 21.23% | -13.02% |
Volatility
INCY vs. PLTR - Volatility Comparison
The current volatility for Incyte Corporation (INCY) is 9.64%, while Palantir Technologies Inc. (PLTR) has a volatility of 17.16%. This indicates that INCY experiences smaller price fluctuations and is considered to be less risky than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INCY | PLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 17.16% | -7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 22.73% | 38.32% | -15.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.10% | 50.83% | -17.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.32% | 65.44% | -36.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.29% | 69.75% | -35.46% |
Dividends
INCY vs. PLTR - Dividend Comparison
Neither INCY nor PLTR has paid dividends to shareholders.
Financials
INCY vs. PLTR - Financials Comparison
This section allows you to compare key financial metrics between Incyte Corporation and Palantir 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
INCY vs. PLTR - Profitability Comparison
INCY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a gross profit of 0.00 and revenue of 1.27B. Therefore, the gross margin over that period was 0.0%.
PLTR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported a gross profit of 1.42B and revenue of 1.63B. Therefore, the gross margin over that period was 86.8%.
INCY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported an operating income of 301.12M and revenue of 1.27B, resulting in an operating margin of 23.7%.
PLTR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported an operating income of 754.00M and revenue of 1.63B, resulting in an operating margin of 46.2%.
INCY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a net income of 303.33M and revenue of 1.27B, resulting in a net margin of 23.8%.
PLTR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported a net income of 870.53M and revenue of 1.63B, resulting in a net margin of 53.3%.
Frequently Asked Questions
INCY and PLTR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTR has higher volatility (17.16%) compared to INCY (9.64%). In terms of maximum drawdown, INCY dropped -98.54% vs PLTR's -84.62%.
INCY currently has the higher Sharpe Ratio (1.72 vs -0.11), 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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