IPGP vs. KLAC
IPGP (IPG Photonics Corporation) and KLAC (KLA Corporation) are both stocks. Both operate in the Semiconductor Equipment & Materials industry within the Technology sector. Over the past 10 years, IPGP returned 3.31%/yr vs 42.39%/yr for KLAC. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
IPGP vs. KLAC - Performance Comparison
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Returns By Period
In the year-to-date period, IPGP achieves a 69.86% return, which is significantly lower than KLAC's 75.35% return. Over the past 10 years, IPGP has underperformed KLAC with an annualized return of 3.31%, while KLAC has yielded a comparatively higher 42.39% annualized 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%
KLAC
- 1D
- 3.91%
- 1M
- 24.19%
- YTD
- 75.35%
- 6M
- 75.83%
- 1Y
- 175.69%
- 3Y*
- 68.20%
- 5Y*
- 47.80%
- 10Y*
- 42.39%
IPGP vs. KLAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPGP IPG Photonics Corporation | 69.86% | -1.54% | -33.00% | 14.65% | -45.00% | -23.08% | 54.42% | 27.92% | -47.09% | 116.93% |
KLAC KLA Corporation | 75.35% | 94.48% | 9.36% | 56.05% | -11.20% | 68.05% | 47.94% | 103.99% | -12.49% | 36.80% |
Correlation
The correlation between IPGP and KLAC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2006 | 0.51 |
The correlation between IPGP and KLAC has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
Fundamentals
IPGP:
$5.22B
KLAC:
$280.67B
IPGP:
$0.68
KLAC:
$35.29
IPGP:
179.42
KLAC:
60.22
IPGP:
15.99
KLAC:
2.25
IPGP:
4.98
KLAC:
21.48
IPGP:
2.47
KLAC:
48.14
IPGP:
$1.04B
KLAC:
$13.10B
IPGP:
$391.15M
KLAC:
$8.09B
IPGP:
$73.19M
KLAC:
$5.77B
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Return for Risk
IPGP vs. KLAC — Risk / Return Rank
IPGP
KLAC
IPGP vs. KLAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IPG Photonics Corporation (IPGP) and KLA Corporation (KLAC). 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 | KLAC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.19 | 3.86 | -2.68 |
Sortino ratioReturn per unit of downside risk | 1.89 | 3.67 | -1.78 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.53 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 7.89 | -6.02 |
Martin ratioReturn relative to average drawdown | 5.38 | 25.18 | -19.81 |
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 | KLAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 3.86 | -2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 1.12 | -1.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | 1.03 | -0.95 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.45 | -0.27 |
Drawdowns
IPGP vs. KLAC - Drawdown Comparison
The maximum IPGP drawdown since its inception was -81.13%, roughly equal to the maximum KLAC drawdown of -83.74%. Use the drawdown chart below to compare losses from any high point for IPGP and KLAC.
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Drawdown Indicators
| IPGP | KLAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.13% | -83.74% | +2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -40.98% | -22.41% | -18.57% |
Max Drawdown (3Y)Largest decline over 3 years | -64.44% | -34.95% | -29.49% |
Max Drawdown (5Y)Largest decline over 5 years | -77.23% | -40.28% | -36.95% |
Max Drawdown (10Y)Largest decline over 10 years | -81.13% | -40.28% | -40.85% |
Current DrawdownCurrent decline from peak | -53.82% | 0.00% | -53.82% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -29.35% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.25% | 7.01% | +7.24% |
Volatility
IPGP vs. KLAC - Volatility Comparison
IPG Photonics Corporation (IPGP) has a higher volatility of 35.37% compared to KLA Corporation (KLAC) at 14.98%. This indicates that IPGP's price experiences larger fluctuations and is considered to be riskier than KLAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPGP | KLAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.37% | 14.98% | +20.39% |
Volatility (6M)Calculated over the trailing 6-month period | 58.91% | 37.84% | +21.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.75% | 45.80% | +18.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.80% | 43.08% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.96% | 41.42% | +3.54% |
Dividends
IPGP vs. KLAC - Dividend Comparison
IPGP has not paid dividends to shareholders, while KLAC's dividend yield for the trailing twelve months is around 0.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPGP IPG Photonics Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KLAC KLA Corporation | 0.38% | 0.61% | 0.96% | 0.92% | 1.25% | 0.91% | 1.35% | 1.74% | 3.17% | 2.15% | 2.67% | 2.94% |
Financials
IPGP vs. KLAC - Financials Comparison
This section allows you to compare key financial metrics between IPG Photonics Corporation and KLA Corporation. 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. KLAC - 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%.
KLAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported a gross profit of 2.09B and revenue of 3.42B. Therefore, the gross margin over that period was 61.1%.
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%.
KLAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported an operating income of 1.41B and revenue of 3.42B, resulting in an operating margin of 41.2%.
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%.
KLAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KLA Corporation reported a net income of 1.20B and revenue of 3.42B, resulting in a net margin of 35.2%.
Frequently Asked Questions
IPGP and KLAC have a correlation of 0.49, 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 KLAC (14.98%). In terms of maximum drawdown, IPGP dropped -81.13% vs KLAC's -83.74%.
KLAC currently has the higher Sharpe Ratio (3.86 vs 1.19), 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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