IPGP vs. INDI
IPGP (IPG Photonics Corporation) and INDI (indie Semiconductor, Inc.) are both stocks. Both operate in the Semiconductor Equipment & Materials industry within the Technology sector. Over the past 3 years, IPGP returned 2.60%/yr vs -20.36%/yr for INDI. At a 0.49 correlation, their price movements are largely independent.
Performance
IPGP vs. INDI - Performance Comparison
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Returns By Period
In the year-to-date period, IPGP achieves a 69.86% return, which is significantly higher than INDI's 38.24% return.
IPGP
- 1D
- -0.28%
- 1M
- -0.58%
- YTD
- 69.86%
- 6M
- 47.24%
- 1Y
- 76.34%
- 3Y*
- 2.60%
- 5Y*
- -10.27%
- 10Y*
- 3.31%
INDI
- 1D
- -4.31%
- 1M
- 11.93%
- YTD
- 38.24%
- 6M
- 12.18%
- 1Y
- 82.77%
- 3Y*
- -20.36%
- 5Y*
- —
- 10Y*
- —
IPGP vs. INDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IPGP IPG Photonics Corporation | 69.86% | -1.54% | -33.00% | 14.65% | -45.00% | -16.12% |
INDI indie Semiconductor, Inc. | 38.24% | -12.84% | -50.06% | 39.11% | -51.38% | 10.30% |
Correlation
The correlation between IPGP and INDI is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021 | 0.49 |
The correlation between IPGP and INDI shifts across timeframes, from 0.36 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
Fundamentals
IPGP:
$5.22B
INDI:
$972.71B
IPGP:
$0.68
INDI:
-$0.00
IPGP:
4.98
INDI:
1.11K
IPGP:
2.47
INDI:
2.79K
IPGP:
$1.04B
INDI:
$218.77M
IPGP:
$391.15M
INDI:
$26.51M
IPGP:
$73.19M
INDI:
-$112.16M
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Return for Risk
IPGP vs. INDI — Risk / Return Rank
IPGP
INDI
IPGP vs. INDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IPG Photonics Corporation (IPGP) and indie Semiconductor, Inc. (INDI). 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.
| IPGP | INDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.40 | +0.47 |
| Martin ratioReturn relative to average drawdown | 5.38 | 2.73 | +2.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IPGP | INDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.04 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | -0.19 | +0.37 |
Drawdowns
IPGP vs. INDI - Drawdown Comparison
The maximum IPGP drawdown since its inception was -81.13%, smaller than the maximum INDI drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for IPGP and INDI.
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Drawdown Indicators
| IPGP | INDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.13% | -89.91% | +8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -40.98% | -59.33% | +18.35% |
Max Drawdown (3Y)Largest decline over 3 years | -64.44% | -85.09% | +20.65% |
Max Drawdown (5Y)Largest decline over 5 years | -77.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.13% | — | — |
Current DrawdownCurrent decline from peak | -53.82% | -69.21% | +15.39% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -56.77% | +22.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.25% | 30.41% | -16.16% |
Volatility
IPGP vs. INDI - Volatility Comparison
IPG Photonics Corporation (IPGP) has a higher volatility of 35.37% compared to indie Semiconductor, Inc. (INDI) at 25.72%. This indicates that IPGP's price experiences larger fluctuations and is considered to be riskier than INDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPGP | INDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.37% | 25.72% | +9.65% |
Volatility (6M)Calculated over the trailing 6-month period | 58.91% | 54.38% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.75% | 79.97% | -15.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.80% | 79.04% | -32.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.96% | 79.04% | -34.08% |
Dividends
IPGP vs. INDI - Dividend Comparison
Neither IPGP nor INDI has paid dividends to shareholders.
Financials
IPGP vs. INDI - Financials Comparison
This section allows you to compare key financial metrics between IPG Photonics Corporation and indie Semiconductor, 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. INDI - Profitability Comparison
IPGP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
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%.
IPGP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IPG Photonics Corporation reported an operating income of -7.74M and revenue of 265.50M, resulting in an operating margin of -2.9%.
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%.
IPGP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IPG Photonics Corporation reported a net income of 1.58M and revenue of 265.50M, resulting in a net margin of 0.6%.
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%.
Frequently Asked Questions
IPGP and INDI have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IPGP has higher volatility (35.37%) compared to INDI (25.72%). In terms of maximum drawdown, IPGP dropped -81.13% vs INDI's -89.91%.
IPGP currently has the higher Sharpe Ratio (1.19 vs 1.04), 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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