IPGP vs. LASR
IPGP (IPG Photonics Corporation) and LASR (nLIGHT, Inc.) are both stocks. Both are in the Technology sector — IPGP in Semiconductor Equipment & Materials, LASR in Semiconductors. Over the past 5 years, IPGP returned -9.51%/yr vs 22.08%/yr for LASR. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
IPGP vs. LASR - Performance Comparison
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Returns By Period
In the year-to-date period, IPGP achieves a 70.34% return, which is significantly lower than LASR's 103.57% return.
IPGP
- 1D
- 5.90%
- 1M
- -0.74%
- YTD
- 70.34%
- 6M
- 49.90%
- 1Y
- 83.51%
- 3Y*
- 2.69%
- 5Y*
- -9.51%
- 10Y*
- 3.34%
LASR
- 1D
- 8.19%
- 1M
- 7.58%
- YTD
- 103.57%
- 6M
- 126.99%
- 1Y
- 389.80%
- 3Y*
- 74.67%
- 5Y*
- 22.08%
- 10Y*
- —
IPGP vs. LASR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IPGP IPG Photonics Corporation | 70.34% | -1.54% | -33.00% | 14.65% | -45.00% | -23.08% | 54.42% | 27.92% | -47.47% |
LASR nLIGHT, Inc. | 103.57% | 257.58% | -22.30% | 33.14% | -57.66% | -26.65% | 61.00% | 14.06% | -34.03% |
Correlation
The correlation between IPGP and LASR is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2018 | 0.57 |
The correlation between IPGP and LASR shifts across timeframes, from 0.44 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
Fundamentals
IPGP:
$5.23B
LASR:
$4.58B
IPGP:
$0.68
LASR:
-$0.28
IPGP:
5.00
LASR:
13.84
IPGP:
2.47
LASR:
10.67
IPGP:
$1.04B
LASR:
$289.84M
IPGP:
$391.15M
LASR:
$90.68M
IPGP:
$73.19M
LASR:
-$3.27M
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Return for Risk
IPGP vs. LASR — Risk / Return Rank
IPGP
LASR
IPGP vs. LASR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IPG Photonics Corporation (IPGP) and nLIGHT, Inc. (LASR). 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 | LASR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 5.12 | -3.82 |
Sortino ratioReturn per unit of downside risk | 1.99 | 4.15 | -2.16 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.53 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 16.36 | -14.31 |
Martin ratioReturn relative to average drawdown | 5.93 | 57.72 | -51.80 |
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 | LASR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 5.12 | -3.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.34 | -0.55 |
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 | 0.21 | -0.02 |
Drawdowns
IPGP vs. LASR - Drawdown Comparison
The maximum IPGP drawdown since its inception was -81.13%, smaller than the maximum LASR drawdown of -85.66%. Use the drawdown chart below to compare losses from any high point for IPGP and LASR.
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Drawdown Indicators
| IPGP | LASR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.13% | -85.66% | +4.53% |
Max Drawdown (1Y)Largest decline over 1 year | -40.98% | -24.74% | -16.24% |
Max Drawdown (3Y)Largest decline over 3 years | -64.44% | -59.01% | -5.43% |
Max Drawdown (5Y)Largest decline over 5 years | -77.23% | -82.47% | +5.24% |
Max Drawdown (10Y)Largest decline over 10 years | -81.13% | — | — |
Current DrawdownCurrent decline from peak | -53.69% | -10.11% | -43.58% |
Average DrawdownAverage peak-to-trough decline | -34.37% | -52.81% | +18.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.19% | 7.01% | +7.18% |
Volatility
IPGP vs. LASR - Volatility Comparison
IPG Photonics Corporation (IPGP) has a higher volatility of 35.38% compared to nLIGHT, Inc. (LASR) at 28.22%. This indicates that IPGP's price experiences larger fluctuations and is considered to be riskier than LASR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPGP | LASR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.38% | 28.22% | +7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 58.91% | 59.02% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.75% | 76.81% | -12.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.82% | 64.93% | -18.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.97% | 66.24% | -21.27% |
Dividends
IPGP vs. LASR - Dividend Comparison
Neither IPGP nor LASR has paid dividends to shareholders.
Financials
IPGP vs. LASR - Financials Comparison
This section allows you to compare key financial metrics between IPG Photonics Corporation and nLIGHT, 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. LASR - 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%.
LASR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, nLIGHT, Inc. reported a gross profit of 26.51M and revenue of 80.18M. Therefore, the gross margin over that period was 33.1%.
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%.
LASR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, nLIGHT, Inc. reported an operating income of -719.00K and revenue of 80.18M, resulting in an operating margin of -0.9%.
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%.
LASR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, nLIGHT, Inc. reported a net income of 645.00K and revenue of 80.18M, resulting in a net margin of 0.8%.
Frequently Asked Questions
IPGP and LASR have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IPGP has higher volatility (35.38%) compared to LASR (28.22%). In terms of maximum drawdown, IPGP dropped -81.13% vs LASR's -85.66%.
LASR currently has the higher Sharpe Ratio (5.12 vs 1.30), 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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