PSIX vs. COHR
PSIX (Power Solutions International, Inc.) and COHR (Coherent, Inc.) are both stocks. PSIX operates in Specialty Industrial Machinery (Industrials), while COHR operates in Scientific & Technical Instruments (Technology). Over the past 10 years, PSIX returned 8.61%/yr vs 34.48%/yr for COHR. At a 0.14 correlation, their price movements are largely independent.
Performance
PSIX vs. COHR - Performance Comparison
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Returns By Period
In the year-to-date period, PSIX achieves a -31.71% return, which is significantly lower than COHR's 107.41% return. Over the past 10 years, PSIX has underperformed COHR with an annualized return of 8.61%, while COHR has yielded a comparatively higher 34.48% annualized return.
PSIX
- 1D
- -1.06%
- 1M
- 0.70%
- YTD
- -31.71%
- 6M
- -40.25%
- 1Y
- -27.11%
- 3Y*
- 156.58%
- 5Y*
- 59.75%
- 10Y*
- 8.61%
COHR
- 1D
- -7.50%
- 1M
- 0.09%
- YTD
- 107.41%
- 6M
- 118.50%
- 1Y
- 374.01%
- 3Y*
- 91.08%
- 5Y*
- 40.73%
- 10Y*
- 34.48%
PSIX vs. COHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSIX Power Solutions International, Inc. | -31.71% | 92.07% | 1,351.22% | -31.67% | 0.00% | -9.09% | -58.23% | -14.59% | 23.33% | 0.00% |
COHR Coherent, Inc. | 107.41% | 94.84% | 117.62% | 24.02% | -48.63% | -10.04% | 125.60% | 3.73% | -30.86% | 58.35% |
Correlation
The correlation between PSIX and COHR is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2012 | 0.14 |
Over the past year, PSIX and COHR have become more correlated (0.41) than their long-term average of 0.14, meaning their price movements have been converging.
Fundamentals
PSIX:
$4.43
COHR:
$1.64K
PSIX:
8.81
COHR:
0.23
PSIX:
0.09
COHR:
0.04
PSIX:
1.53
COHR:
0.02
PSIX:
$586.96M
COHR:
$1.81T
PSIX:
$172.81M
COHR:
$1.76B
PSIX:
$102.78M
COHR:
$960.76M
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Return for Risk
PSIX vs. COHR — Risk / Return Rank
PSIX
COHR
PSIX vs. COHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Power Solutions International, Inc. (PSIX) and Coherent, Inc. (COHR). 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.
| PSIX | COHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.54 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 14.22 | -14.61 |
| Martin ratioReturn relative to average drawdown | -0.73 | 38.88 | -39.60 |
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Drawdowns
PSIX vs. COHR - Drawdown Comparison
The maximum PSIX drawdown since its inception was -98.55%, which is greater than COHR's maximum drawdown of -80.89%. Use the drawdown chart below to compare losses from any high point for PSIX and COHR.
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Drawdown Indicators
| PSIX | COHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.55% | -80.89% | -17.66% |
Max Drawdown (1Y)Largest decline over 1 year | -68.60% | -26.52% | -42.08% |
Max Drawdown (3Y)Largest decline over 3 years | -68.60% | -54.85% | -13.75% |
Max Drawdown (5Y)Largest decline over 5 years | -84.38% | -62.87% | -21.51% |
Max Drawdown (10Y)Largest decline over 10 years | -93.77% | -72.22% | -21.55% |
Current DrawdownCurrent decline from peak | -66.30% | -10.33% | -55.97% |
Average DrawdownAverage peak-to-trough decline | -68.20% | -35.01% | -33.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.40% | 9.68% | +27.72% |
Volatility
PSIX vs. COHR - Volatility Comparison
The current volatility for Power Solutions International, Inc. (PSIX) is 19.94%, while Coherent, Inc. (COHR) has a volatility of 29.36%. This indicates that PSIX experiences smaller price fluctuations and is considered to be less risky than COHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSIX | COHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.94% | 29.36% | -9.42% |
Volatility (6M)Calculated over the trailing 6-month period | 89.42% | 57.33% | +32.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.10% | 74.29% | +28.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.40% | 61.77% | +51.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.98% | 56.67% | +49.31% |
Dividends
PSIX vs. COHR - Dividend Comparison
Neither PSIX nor COHR has paid dividends to shareholders.
Financials
PSIX vs. COHR - Financials Comparison
This section allows you to compare key financial metrics between Power Solutions International, Inc. and Coherent, 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
Frequently Asked Questions
PSIX and COHR have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (29.36%) compared to PSIX (19.94%). In terms of maximum drawdown, PSIX dropped -98.55% vs COHR's -80.89%.
COHR currently has the higher Sharpe Ratio (5.08 vs -0.26), 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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