INDI vs. COST

Last updated Jun 5, 2026

INDI (indie Semiconductor, Inc.) and COST (Costco Wholesale Corporation) are both stocks. INDI operates in Semiconductor Equipment & Materials (Technology), while COST operates in Discount Stores (Consumer Defensive). Over the past 3 years, INDI returned -20.07%/yr vs 24.99%/yr for COST. At a 0.21 correlation, their price movements are largely independent.

Performance

INDI vs. COST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in indie Semiconductor, Inc. (INDI) and Costco Wholesale Corporation (COST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INDI achieves a 35.98% return, which is significantly higher than COST's 13.08% return.

INDI

• 1D: -1.64%
• 1M: 4.12%
• YTD: 35.98%
• 6M: 4.12%
• 1Y: 64.38%
• 3Y*: -20.07%
• 5Y*: —
• 10Y*: —

COST

• 1D: 1.09%
• 1M: -4.34%
• YTD: 13.08%
• 6M: 8.84%
• 1Y: -7.02%
• 3Y*: 24.99%
• 5Y*: 21.51%
• 10Y*: 22.43%

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

INDI vs. COST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
INDI indie Semiconductor, Inc.	35.98%	-12.84%	-50.06%	39.11%	-51.38%	10.30%
COST Costco Wholesale Corporation	13.08%	-5.39%	39.62%	49.00%	-19.05%	48.74%

Correlation

The correlation between INDI and COST is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.21

The correlation between INDI and COST shifts across timeframes, from -0.07 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS INDI : -$0.00 COST : $26.51
PS Ratio INDI : 1.10K COST : 1.10
Total Revenue (TTM) INDI : $218.77M COST : $293.59B
Gross Profit (TTM) INDI : $26.51M COST : $11.12B
EBITDA (TTM) INDI : -$112.16M COST : $12.48B

Return for Risk

INDI vs. COST — Risk / Return Rank

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

INDI

INDI Risk / Return Rank: 65
INDI Sharpe Ratio Rank: 67
INDI Sortino Ratio Rank: 70
INDI Omega Ratio Rank: 64
INDI Calmar Ratio Rank: 63
INDI Martin Ratio Rank: 62

COST

COST Risk / Return Rank: 24
COST Sharpe Ratio Rank: 26
COST Sortino Ratio Rank: 22
COST Omega Ratio Rank: 23
COST Calmar Ratio Rank: 27
COST Martin Ratio Rank: 22

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.

INDI vs. COST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for indie Semiconductor, Inc. (INDI) and Costco Wholesale Corporation (COST). 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.

	INDI	COST	Difference
Sharpe ratio: Return per unit of total volatility	0.81	-0.37	+1.18
Sortino ratio: Return per unit of downside risk	1.71	-0.39	+2.10
Omega ratio: Gain probability vs. loss probability	1.19	0.95	+0.23
Calmar ratio: Return relative to maximum drawdown	1.09	-0.44	+1.53
Martin ratio: Return relative to average drawdown	2.12	-0.99	+3.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INDI vs. COST - Sharpe Ratio Comparison

The current INDI Sharpe Ratio is 0.81, which is higher than the COST Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of INDI and COST, 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

	INDI	COST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	-0.37	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.59	-0.78

Drawdowns

INDI vs. COST - Drawdown Comparison

The maximum INDI drawdown since its inception was -89.91%, which is greater than COST's maximum drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for INDI and COST.

Drawdown Indicators

	INDI	COST	Difference
Max Drawdown Largest peak-to-trough decline	-89.91%	-53.39%	-36.52%
Max Drawdown (1Y) Largest decline over 1 year	-59.33%	-16.02%	-43.31%
Max Drawdown (3Y) Largest decline over 3 years	-85.09%	-20.74%	-64.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.40%	—
Current Drawdown Current decline from peak	-69.72%	-11.15%	-58.57%
Average Drawdown Average peak-to-trough decline	-56.78%	-13.36%	-43.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.44%	9.60%	+20.84%

Volatility

INDI vs. COST - Volatility Comparison

indie Semiconductor, Inc. (INDI) has a higher volatility of 25.25% compared to Costco Wholesale Corporation (COST) at 8.14%. This indicates that INDI's price experiences larger fluctuations and is considered to be riskier than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INDI	COST	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.25%	8.14%	+17.11%
Volatility (6M) Calculated over the trailing 6-month period	53.60%	14.83%	+38.77%
Volatility (1Y) Calculated over the trailing 1-year period	79.97%	19.15%	+60.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.01%	22.73%	+56.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.01%	21.94%	+57.07%

Dividends

INDI vs. COST - Dividend Comparison

INDI has not paid dividends to shareholders, while COST's dividend yield for the trailing twelve months is around 0.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COST Costco Wholesale Corporation	0.55%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
INDI indie Semiconductor, 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%

Financials

INDI vs. COST - Profitability Comparison

The chart below illustrates the profitability comparison between indie Semiconductor, Inc. and Costco Wholesale Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

INDI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, indie Semiconductor, Inc. reported a gross profit of 0.00 and revenue of 55.46M. Therefore, the gross margin over that period was 0.0%.

COST - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported a gross profit of -17.68B and revenue of 70.53B. Therefore, the gross margin over that period was -25.1%.

INDI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, indie Semiconductor, Inc. reported an operating income of -38.87M and revenue of 55.46M, resulting in an operating margin of -70.1%.

COST - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported an operating income of 2.82B and revenue of 70.53B, resulting in an operating margin of 4.0%.

INDI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, indie Semiconductor, Inc. reported a net income of -43.19M and revenue of 55.46M, resulting in a net margin of -77.9%.

COST - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported a net income of 2.19B and revenue of 70.53B, resulting in a net margin of 3.1%.

Frequently Asked Questions

Can I hold both INDI and COST in my portfolio?

INDI and COST have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INDI or COST?

INDI has higher volatility (25.25%) compared to COST (8.14%). In terms of maximum drawdown, INDI dropped -89.91% vs COST's -53.39%.

Which has better risk-adjusted returns?

INDI currently has the higher Sharpe Ratio (0.81 vs -0.37), 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.