IPGP vs. AEIS
IPGP (IPG Photonics Corporation) and AEIS (Advanced Energy Industries, Inc.) are both stocks. IPGP operates in Semiconductor Equipment & Materials (Technology), while AEIS operates in Electrical Equipment & Parts (Industrials). Over the past 10 years, IPGP returned 2.35%/yr vs 22.13%/yr for AEIS. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
IPGP vs. AEIS - Performance Comparison
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Returns By Period
In the year-to-date period, IPGP achieves a 44.36% return, which is significantly higher than AEIS's 36.63% return. Over the past 10 years, IPGP has underperformed AEIS with an annualized return of 2.35%, while AEIS has yielded a comparatively higher 22.13% annualized return.
IPGP
- 1D
- -4.22%
- 1M
- -10.34%
- 6M
- 29.15%
- YTD
- 44.36%
- 1Y
- 40.38%
- 3Y*
- -8.84%
- 5Y*
- -12.87%
- 10Y*
- 2.35%
AEIS
- 1D
- -5.30%
- 1M
- -18.42%
- 6M
- 11.18%
- YTD
- 36.63%
- 1Y
- 105.42%
- 3Y*
- 33.85%
- 5Y*
- 24.79%
- 10Y*
- 22.13%
IPGP vs. AEIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPGP IPG Photonics Corporation | 44.36% | -1.54% | -33.00% | 14.65% | -45.00% | -23.08% | 54.42% | 27.92% | -47.09% | 116.93% |
AEIS Advanced Energy Industries, Inc. | 36.63% | 81.58% | 6.55% | 27.49% | -5.37% | -5.69% | 36.19% | 65.85% | -36.38% | 23.25% |
Correlation
The correlation between IPGP and AEIS is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2006 | 0.51 |
The correlation between IPGP and AEIS shifts across timeframes, from 0.51 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
IPGP:
$4.39B
AEIS:
$10.87B
IPGP:
$0.68
AEIS:
$4.73
IPGP:
152.59
AEIS:
60.48
IPGP:
13.60
AEIS:
1.17
IPGP:
4.24
AEIS:
6.05
IPGP:
2.10
AEIS:
8.71
IPGP:
$1.04B
AEIS:
$1.91B
IPGP:
$391.15M
AEIS:
$737.20M
IPGP:
$73.19M
AEIS:
$248.10M
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Return for Risk
IPGP vs. AEIS — Risk / Return Rank
IPGP
AEIS
IPGP vs. AEIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IPG Photonics Corporation (IPGP) and Advanced Energy Industries, Inc. (AEIS). 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.
| IPGP | AEIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 4.00 | -3.01 |
| Martin ratioReturn relative to average drawdown | 2.34 | 12.11 | -9.77 |
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Drawdowns
IPGP vs. AEIS - Drawdown Comparison
The maximum IPGP drawdown since its inception was -81.13%, smaller than the maximum AEIS drawdown of -92.51%. Use the drawdown chart below to compare losses from any high point for IPGP and AEIS.
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Drawdown Indicators
| IPGP | AEIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.13% | -92.51% | +11.38% |
Max Drawdown (1Y)Largest decline over 1 year | -40.98% | -26.49% | -14.49% |
Max Drawdown (3Y)Largest decline over 3 years | -63.11% | -39.87% | -23.24% |
Max Drawdown (5Y)Largest decline over 5 years | -77.23% | -39.87% | -37.36% |
Max Drawdown (10Y)Largest decline over 10 years | -81.13% | -62.28% | -18.85% |
Current DrawdownCurrent decline from peak | -60.75% | -26.49% | -34.26% |
Average DrawdownAverage peak-to-trough decline | -34.51% | -52.18% | +17.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.28% | 8.74% | +8.54% |
Volatility
IPGP vs. AEIS - Volatility Comparison
The current volatility for IPG Photonics Corporation (IPGP) is 20.42%, while Advanced Energy Industries, Inc. (AEIS) has a volatility of 23.95%. This indicates that IPGP experiences smaller price fluctuations and is considered to be less risky than AEIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPGP | AEIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.42% | 23.95% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 63.36% | 46.63% | +16.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.06% | 56.74% | +12.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.07% | 44.41% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.59% | 45.11% | +0.48% |
Dividends
IPGP vs. AEIS - Dividend Comparison
IPGP has not paid dividends to shareholders, while AEIS's dividend yield for the trailing twelve months is around 0.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AEIS Advanced Energy Industries, Inc. | 0.14% | 0.19% | 0.35% | 0.37% | 0.47% | 0.44% |
IPGP IPG Photonics Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
IPGP vs. AEIS - Financials Comparison
This section allows you to compare key financial metrics between IPG Photonics Corporation and Advanced Energy Industries, 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
IPGP vs. AEIS - Profitability Comparison
IPGP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, IPG Photonics Corporation reported a gross profit of 99.50M and revenue of 265.50M. Therefore, the gross margin over that period was 37.5%.
AEIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Advanced Energy Industries, Inc. reported a gross profit of 200.90M and revenue of 511.00M. Therefore, the gross margin over that period was 39.3%.
IPGP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, IPG Photonics Corporation reported an operating income of -7.74M and revenue of 265.50M, resulting in an operating margin of -2.9%.
AEIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Advanced Energy Industries, Inc. reported an operating income of 68.30M and revenue of 511.00M, resulting in an operating margin of 13.4%.
IPGP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, IPG Photonics Corporation reported a net income of 1.58M and revenue of 265.50M, resulting in a net margin of 0.6%.
AEIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Advanced Energy Industries, Inc. reported a net income of 66.80M and revenue of 511.00M, resulting in a net margin of 13.1%.
Frequently Asked Questions
IPGP and AEIS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AEIS has higher volatility (23.95%) compared to IPGP (20.42%). In terms of maximum drawdown, IPGP dropped -81.13% vs AEIS's -92.51%.
AEIS currently has the higher Sharpe Ratio (1.87 vs 0.59), 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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