SSYS vs. HLIT
SSYS (Stratasys Ltd.) and HLIT (Harmonic Inc.) are both stocks. Both are in the Technology sector — SSYS in Computer Hardware, HLIT in Communication Equipment. Over the past 10 years, SSYS returned -8.76%/yr vs 18.12%/yr for HLIT. At a 0.28 correlation, their price movements are largely independent.
Performance
SSYS vs. HLIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SSYS achieves a -0.58% return, which is significantly lower than HLIT's 51.26% return. Over the past 10 years, SSYS has underperformed HLIT with an annualized return of -8.76%, while HLIT has yielded a comparatively higher 18.12% annualized return.
SSYS
- 1D
- -3.25%
- 1M
- -4.32%
- YTD
- -0.58%
- 6M
- -6.70%
- 1Y
- -16.78%
- 3Y*
- -19.15%
- 5Y*
- -19.52%
- 10Y*
- -8.76%
HLIT
- 1D
- -0.80%
- 1M
- -1.58%
- YTD
- 51.26%
- 6M
- 50.05%
- 1Y
- 68.47%
- 3Y*
- -3.50%
- 5Y*
- 13.11%
- 10Y*
- 18.12%
SSYS vs. HLIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSYS Stratasys Ltd. | -0.58% | -2.36% | -37.75% | 20.40% | -51.57% | 18.19% | 2.45% | 12.30% | -9.77% | 20.68% |
HLIT Harmonic Inc. | 51.26% | -25.25% | 1.46% | -0.46% | 11.39% | 59.13% | -5.26% | 65.25% | 12.38% | -16.00% |
Correlation
The correlation between SSYS and HLIT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 24, 1995 | 0.28 |
The correlation between SSYS and HLIT shifts across timeframes, from 0.28 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
SSYS:
$745.26M
HLIT:
$1.65B
SSYS:
-$1.35
HLIT:
-$0.37
SSYS:
1.34
HLIT:
3.37
SSYS:
0.90
HLIT:
4.66
SSYS:
$547.75M
HLIT:
$500.34M
SSYS:
$236.20M
HLIT:
$260.72M
SSYS:
-$72.69M
HLIT:
$46.11M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SSYS vs. HLIT — Risk / Return Rank
SSYS
HLIT
SSYS vs. HLIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stratasys Ltd. (SSYS) and Harmonic Inc. (HLIT). 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.
| SSYS | HLIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.07 | -3.48 |
| Martin ratioReturn relative to average drawdown | -0.77 | 7.73 | -8.49 |
Loading charts...
Drawdowns
SSYS vs. HLIT - Drawdown Comparison
The maximum SSYS drawdown since its inception was -95.49%, roughly equal to the maximum HLIT drawdown of -99.32%. Use the drawdown chart below to compare losses from any high point for SSYS and HLIT.
Loading charts...
Drawdown Indicators
| SSYS | HLIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.49% | -99.32% | +3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -40.35% | -22.44% | -17.91% |
Max Drawdown (3Y)Largest decline over 3 years | -71.08% | -50.45% | -20.63% |
Max Drawdown (5Y)Largest decline over 5 years | -83.39% | -55.14% | -28.25% |
Max Drawdown (10Y)Largest decline over 10 years | -88.67% | -55.14% | -33.53% |
Current DrawdownCurrent decline from peak | -93.68% | -90.18% | -3.50% |
Average DrawdownAverage peak-to-trough decline | -54.31% | -84.34% | +30.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.97% | 8.89% | +13.08% |
Volatility
SSYS vs. HLIT - Volatility Comparison
The current volatility for Stratasys Ltd. (SSYS) is 17.86%, while Harmonic Inc. (HLIT) has a volatility of 29.85%. This indicates that SSYS experiences smaller price fluctuations and is considered to be less risky than HLIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SSYS | HLIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.86% | 29.85% | -11.99% |
Volatility (6M)Calculated over the trailing 6-month period | 37.90% | 39.15% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.51% | 47.53% | +7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.33% | 48.41% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.54% | 50.63% | +5.91% |
Dividends
SSYS vs. HLIT - Dividend Comparison
Neither SSYS nor HLIT has paid dividends to shareholders.
Financials
SSYS vs. HLIT - Financials Comparison
This section allows you to compare key financial metrics between Stratasys Ltd. and Harmonic 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
SSYS vs. HLIT - Profitability Comparison
SSYS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Stratasys Ltd. reported a gross profit of 56.25M and revenue of 132.70M. Therefore, the gross margin over that period was 42.4%.
HLIT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Harmonic Inc. reported a gross profit of 63.62M and revenue of 121.70M. Therefore, the gross margin over that period was 52.3%.
SSYS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Stratasys Ltd. reported an operating income of -24.31M and revenue of 132.70M, resulting in an operating margin of -18.3%.
HLIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Harmonic Inc. reported an operating income of 20.45M and revenue of 121.70M, resulting in an operating margin of 16.8%.
SSYS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Stratasys Ltd. reported a net income of -23.83M and revenue of 132.70M, resulting in a net margin of -18.0%.
HLIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Harmonic Inc. reported a net income of 7.31M and revenue of 121.70M, resulting in a net margin of 6.0%.
Frequently Asked Questions
SSYS and HLIT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HLIT has higher volatility (29.85%) compared to SSYS (17.86%). In terms of maximum drawdown, SSYS dropped -95.49% vs HLIT's -99.32%.
HLIT currently has the higher Sharpe Ratio (1.45 vs -0.30), 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.
Find the right allocation for SSYS and HLIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer