INSP vs. INMD
INSP (Inspire Medical Systems, Inc.) and INMD (InMode Ltd.) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 5 years, INSP returned -26.94%/yr vs -22.57%/yr for INMD. At a 0.39 correlation, their price movements are largely independent.
Performance
INSP vs. INMD - Performance Comparison
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Returns By Period
In the year-to-date period, INSP achieves a -55.17% return, which is significantly lower than INMD's -10.07% return.
INSP
- 1D
- -2.96%
- 1M
- -5.68%
- YTD
- -55.17%
- 6M
- -57.78%
- 1Y
- -68.41%
- 3Y*
- -49.18%
- 5Y*
- -26.94%
- 10Y*
- —
INMD
- 1D
- -1.42%
- 1M
- -3.86%
- YTD
- -10.07%
- 6M
- -8.45%
- 1Y
- -0.53%
- 3Y*
- -28.39%
- 5Y*
- -22.57%
- 10Y*
- —
INSP vs. INMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
INSP Inspire Medical Systems, Inc. | -55.17% | -50.25% | -8.87% | -19.24% | 9.48% | 22.31% | 153.46% | 12.00% |
INMD InMode Ltd. | -10.07% | -12.04% | -24.91% | -37.70% | -49.42% | 197.30% | 21.12% | 187.71% |
Correlation
The correlation between INSP and INMD 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 INSP and INMD shifts across timeframes, from 0.28 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
INSP:
$1.19B
INMD:
$844.67M
INSP:
$4.48
INMD:
$1.36
INSP:
9.23
INMD:
9.68
INSP:
1.32
INMD:
2.25
INSP:
1.50
INMD:
1.28
INSP:
$915.25M
INMD:
$374.64M
INSP:
$785.06M
INMD:
$291.61M
INSP:
$67.14M
INMD:
$98.61M
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Return for Risk
INSP vs. INMD — Risk / Return Rank
INSP
INMD
INSP vs. INMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Inspire Medical Systems, Inc. (INSP) and InMode Ltd. (INMD). 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.
| INSP | INMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.03 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.02 | -0.93 |
| Martin ratioReturn relative to average drawdown | -1.45 | -0.05 | -1.40 |
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Drawdowns
INSP vs. INMD - Drawdown Comparison
The maximum INSP drawdown since its inception was -87.72%, roughly equal to the maximum INMD drawdown of -86.96%. Use the drawdown chart below to compare losses from any high point for INSP and INMD.
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Drawdown Indicators
| INSP | INMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.72% | -86.96% | -0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -72.19% | -23.23% | -48.96% |
Max Drawdown (3Y)Largest decline over 3 years | -87.72% | -72.28% | -15.44% |
Max Drawdown (5Y)Largest decline over 5 years | -87.72% | -86.96% | -0.76% |
Current DrawdownCurrent decline from peak | -87.32% | -86.50% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -27.91% | -56.14% | +28.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.31% | 11.70% | +35.61% |
Volatility
INSP vs. INMD - Volatility Comparison
Inspire Medical Systems, Inc. (INSP) has a higher volatility of 10.74% compared to InMode Ltd. (INMD) at 4.28%. This indicates that INSP's price experiences larger fluctuations and is considered to be riskier than INMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INSP | INMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.74% | 4.28% | +6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 46.88% | 25.32% | +21.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.93% | 32.67% | +42.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.32% | 52.15% | +8.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.48% | 60.74% | -0.26% |
Dividends
INSP vs. INMD - Dividend Comparison
Neither INSP nor INMD has paid dividends to shareholders.
Financials
INSP vs. INMD - Financials Comparison
This section allows you to compare key financial metrics between Inspire Medical Systems, Inc. and InMode Ltd.. 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
INSP vs. INMD - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
INSP and INMD 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 (10.74%) compared to INMD (4.28%). In terms of maximum drawdown, INSP dropped -87.72% vs INMD's -86.96%.
INMD currently has the higher Sharpe Ratio (-0.02 vs -0.92), 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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