INMD vs. INSP
INMD (InMode Ltd.) and INSP (Inspire Medical Systems, Inc.) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 5 years, INMD returned -22.57%/yr vs -26.62%/yr for INSP. At a 0.39 correlation, their price movements are largely independent.
Performance
INMD vs. INSP - Performance Comparison
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Returns By Period
In the year-to-date period, INMD achieves a -9.12% return, which is significantly higher than INSP's -54.73% return.
INMD
- 1D
- 1.06%
- 1M
- -2.84%
- YTD
- -9.12%
- 6M
- -7.10%
- 1Y
- -1.04%
- 3Y*
- -28.14%
- 5Y*
- -22.57%
- 10Y*
- —
INSP
- 1D
- 0.97%
- 1M
- -4.77%
- YTD
- -54.73%
- 6M
- -56.04%
- 1Y
- -67.88%
- 3Y*
- -49.02%
- 5Y*
- -26.62%
- 10Y*
- —
INMD vs. INSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
INMD InMode Ltd. | -9.12% | -12.04% | -24.91% | -37.70% | -49.42% | 197.30% | 21.12% | 187.71% |
INSP Inspire Medical Systems, Inc. | -54.73% | -50.25% | -8.87% | -19.24% | 9.48% | 22.31% | 153.46% | 12.00% |
Correlation
The correlation between INMD and INSP is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2019 | 0.39 |
The correlation between INMD and INSP shifts across timeframes, from 0.28 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
INMD:
$853.63M
INSP:
$1.20B
INMD:
$1.36
INSP:
$4.48
INMD:
9.78
INSP:
9.31
INMD:
2.28
INSP:
1.33
INMD:
1.29
INSP:
1.51
INMD:
$374.64M
INSP:
$915.25M
INMD:
$291.61M
INSP:
$785.06M
INMD:
$98.61M
INSP:
$67.14M
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Return for Risk
INMD vs. INSP — Risk / Return Rank
INMD
INSP
INMD vs. INSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InMode Ltd. (INMD) and Inspire Medical Systems, Inc. (INSP). 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.
| INMD | INSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.79 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.94 | +0.90 |
| Martin ratioReturn relative to average drawdown | -0.09 | -1.43 | +1.34 |
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Drawdowns
INMD vs. INSP - Drawdown Comparison
The maximum INMD drawdown since its inception was -86.96%, roughly equal to the maximum INSP drawdown of -87.72%. Use the drawdown chart below to compare losses from any high point for INMD and INSP.
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Drawdown Indicators
| INMD | INSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.96% | -87.72% | +0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -23.23% | -72.19% | +48.96% |
Max Drawdown (3Y)Largest decline over 3 years | -72.28% | -87.72% | +15.44% |
Max Drawdown (5Y)Largest decline over 5 years | -86.96% | -87.72% | +0.76% |
Current DrawdownCurrent decline from peak | -86.36% | -87.20% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -56.16% | -27.94% | -28.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.77% | 47.52% | -35.75% |
Volatility
INMD vs. INSP - Volatility Comparison
The current volatility for InMode Ltd. (INMD) is 4.32%, while Inspire Medical Systems, Inc. (INSP) has a volatility of 10.68%. This indicates that INMD experiences smaller price fluctuations and is considered to be less risky than INSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INMD | INSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 10.68% | -6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 25.28% | 41.96% | -16.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.62% | 74.79% | -42.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.15% | 60.32% | -8.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.73% | 60.47% | +0.26% |
Dividends
INMD vs. INSP - Dividend Comparison
Neither INMD nor INSP has paid dividends to shareholders.
Financials
INMD vs. INSP - Financials Comparison
This section allows you to compare key financial metrics between InMode Ltd. and Inspire Medical Systems, 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
INMD vs. INSP - Profitability Comparison
INMD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, InMode Ltd. reported a gross profit of 61.55M and revenue of 82.02M. Therefore, the gross margin over that period was 75.1%.
INSP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Inspire Medical Systems, Inc. reported a gross profit of 176.91M and revenue of 204.58M. Therefore, the gross margin over that period was 86.5%.
INMD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, InMode Ltd. reported an operating income of 10.06M and revenue of 82.02M, resulting in an operating margin of 12.3%.
INSP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Inspire Medical Systems, Inc. reported an operating income of -1.12M and revenue of 204.58M, resulting in an operating margin of -0.6%.
INMD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, InMode Ltd. reported a net income of 11.56M and revenue of 82.02M, resulting in a net margin of 14.1%.
INSP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Inspire Medical Systems, Inc. reported a net income of -11.29M and revenue of 204.58M, resulting in a net margin of -5.5%.
Frequently Asked Questions
INMD and INSP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INSP has higher volatility (10.68%) compared to INMD (4.32%). In terms of maximum drawdown, INMD dropped -86.96% vs INSP's -87.72%.
INMD currently has the higher Sharpe Ratio (-0.03 vs -0.91), 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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