INSP vs. TCMD
INSP (Inspire Medical Systems, Inc.) and TCMD (Tactile Systems Technology, Inc.) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 5 years, INSP returned -21.80%/yr vs -9.54%/yr for TCMD. At a 0.37 correlation, their price movements are largely independent.
Performance
INSP vs. TCMD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, INSP achieves a -44.31% return, which is significantly lower than TCMD's 0.14% return.
INSP
- 1D
- -0.77%
- 1M
- 20.28%
- 6M
- -47.01%
- YTD
- -44.31%
- 1Y
- -60.57%
- 3Y*
- -46.00%
- 5Y*
- -21.80%
- 10Y*
- —
TCMD
- 1D
- -2.65%
- 1M
- 10.38%
- 6M
- -2.78%
- YTD
- 0.14%
- 1Y
- 191.57%
- 3Y*
- 5.29%
- 5Y*
- -9.54%
- 10Y*
- —
INSP vs. TCMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
INSP Inspire Medical Systems, Inc. | -44.31% | -50.25% | -8.87% | -19.24% | 9.48% | 22.31% | 153.46% | 75.64% | 72.52% |
TCMD Tactile Systems Technology, Inc. | 0.14% | 69.29% | 19.79% | 24.56% | -39.67% | -57.65% | -33.43% | 48.21% | 29.37% |
Correlation
The correlation between INSP and TCMD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | 0.37 |
Fundamentals
INSP:
$1.48B
TCMD:
$655.03M
INSP:
$4.50
TCMD:
$0.89
INSP:
11.43
TCMD:
32.49
INSP:
0.07
TCMD:
0.82
INSP:
1.64
TCMD:
1.92
INSP:
1.86
TCMD:
3.01
INSP:
$915.25M
TCMD:
$343.52M
INSP:
$785.06M
TCMD:
$254.06M
INSP:
$67.14M
TCMD:
$38.53M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
INSP vs. TCMD — Risk / Return Rank
INSP
TCMD
INSP vs. TCMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Inspire Medical Systems, Inc. (INSP) and Tactile Systems Technology, Inc. (TCMD). 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 | TCMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.71 | ||
| Sortino ratioReturn per unit of downside risk | -5.72 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.58 | -0.74 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 6.00 | -6.84 |
| Martin ratioReturn relative to average drawdown | -1.24 | 14.04 | -15.28 |
Loading charts...
Drawdowns
INSP vs. TCMD - Drawdown Comparison
The maximum INSP drawdown since its inception was -87.72%, roughly equal to the maximum TCMD drawdown of -91.41%. Use the drawdown chart below to compare losses from any high point for INSP and TCMD.
Loading charts...
Drawdown Indicators
| INSP | TCMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.72% | -91.41% | +3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -72.19% | -32.13% | -40.06% |
Max Drawdown (3Y)Largest decline over 3 years | -87.72% | -62.93% | -24.79% |
Max Drawdown (5Y)Largest decline over 5 years | -87.72% | -86.69% | -1.03% |
Current DrawdownCurrent decline from peak | -84.25% | -61.93% | -22.32% |
Average DrawdownAverage peak-to-trough decline | -28.31% | -49.47% | +21.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.00% | 13.70% | +35.30% |
Volatility
INSP vs. TCMD - Volatility Comparison
The current volatility for Inspire Medical Systems, Inc. (INSP) is 11.53%, while Tactile Systems Technology, Inc. (TCMD) has a volatility of 12.88%. This indicates that INSP experiences smaller price fluctuations and is considered to be less risky than TCMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| INSP | TCMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.53% | 12.88% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 42.88% | 35.51% | +7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.08% | 66.74% | +8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.33% | 60.61% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.38% | 56.54% | +3.84% |
Dividends
INSP vs. TCMD - Dividend Comparison
Neither INSP nor TCMD has paid dividends to shareholders.
Financials
INSP vs. TCMD - Financials Comparison
This section allows you to compare key financial metrics between Inspire Medical Systems, Inc. and Tactile Systems Technology, 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
INSP vs. TCMD - Profitability Comparison
INSP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
TCMD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Tactile Systems Technology, Inc. reported a gross profit of 51.71M and revenue of 75.27M. Therefore, the gross margin over that period was 68.7%.
INSP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
TCMD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Tactile Systems Technology, Inc. reported an operating income of -1.53M and revenue of 75.27M, resulting in an operating margin of -2.0%.
INSP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
TCMD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Tactile Systems Technology, Inc. reported a net income of -1.76M and revenue of 75.27M, resulting in a net margin of -2.3%.
Frequently Asked Questions
INSP and TCMD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCMD has higher volatility (12.88%) compared to INSP (11.53%). In terms of maximum drawdown, INSP dropped -87.72% vs TCMD's -91.41%.
TCMD currently has the higher Sharpe Ratio (2.89 vs -0.81), 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.
Find the right allocation for INSP and TCMD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer