STX vs. ULTA

Last updated Jul 25, 2026

STX (Seagate Technology plc) and ULTA (Ulta Beauty, Inc.) are both stocks. STX operates in Computer Hardware (Technology), while ULTA operates in Specialty Retail (Consumer Cyclical). Over the past 10 years, STX returned 44.54%/yr vs 6.26%/yr for ULTA. At a 0.29 correlation, their price movements are largely independent.

Performance

STX vs. ULTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Seagate Technology plc (STX) and Ulta Beauty, Inc. (ULTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STX achieves a 210.03% return, which is significantly higher than ULTA's -21.43% return. Over the past 10 years, STX has outperformed ULTA with an annualized return of 44.54%, while ULTA has yielded a comparatively lower 6.26% annualized return.

STX

• 1D: -6.75%
• 1M: -14.25%
• 6M: 146.69%
• YTD: 210.03%
• 1Y: 462.25%
• 3Y*: 150.28%
• 5Y*: 63.17%
• 10Y*: 44.54%
• ALL TIME*: 24.03%

ULTA

• 1D: -0.54%
• 1M: -0.75%
• 6M: -30.72%
• YTD: -21.43%
• 1Y: -7.44%
• 3Y*: 1.72%
• 5Y*: 6.83%
• 10Y*: 6.26%
• ALL TIME*: 15.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
STX Seagate Technology plc	$4.35B	$4.47B	$3.98B
ULTA Ulta Beauty, Inc.	$281.22M	$300.34M	$373.60M

STX vs. ULTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
STX Seagate Technology plc	210.03%	225.26%	4.06%	69.12%	-51.42%	87.50%	10.14%	62.14%	-2.90%	16.67%
ULTA Ulta Beauty, Inc.	-21.43%	39.11%	-11.24%	4.46%	13.76%	43.59%	13.44%	3.39%	9.47%	-12.27%

Correlation

The correlation between STX and ULTA is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Oct 25, 2007	0.29

The correlation between STX and ULTA shifts across timeframes, from -0.01 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap STX : $190.97B ULTA : $20.44B
EPS STX : $10.48 ULTA : $26.57
PE Ratio STX : 81.30 ULTA : 17.89
PEG Ratio STX : 0.97 ULTA : 1.78
PS Ratio STX : 17.56 ULTA : 1.67
PB Ratio STX : 177.34 ULTA : 8.10
Total Revenue (TTM) STX : $11.01B ULTA : $12.71B
Gross Profit (TTM) STX : $4.57B ULTA : $5.00B
EBITDA (TTM) STX : $2.59B ULTA : $1.81B

Return for Risk

STX vs. ULTA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STX

STX Risk / Return Rank: 99
STX Sharpe Ratio Rank: 100
STX Sortino Ratio Rank: 98
STX Omega Ratio Rank: 97
STX Calmar Ratio Rank: 99
STX Martin Ratio Rank: 99

ULTA

ULTA Risk / Return Rank: 37
ULTA Sharpe Ratio Rank: 38
ULTA Sortino Ratio Rank: 34
ULTA Omega Ratio Rank: 34
ULTA Calmar Ratio Rank: 41
ULTA Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STX vs. ULTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Seagate Technology plc (STX) and Ulta Beauty, Inc. (ULTA). 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.

	STX	ULTA	Difference
Sharpe ratio: Return per unit of total volatility	6.57	-0.22	+6.79
Sortino ratio: Return per unit of downside risk	4.71	-0.07	+4.79
Omega ratio: Gain probability vs. loss probability	1.60	0.99	+0.61
Calmar ratio: Return relative to maximum drawdown	14.65	-0.21	+14.86
Martin ratio: Return relative to average drawdown	49.70	-0.41	+50.11

STX vs. ULTA - Sharpe Ratio Comparison

The current STX Sharpe Ratio is 6.57, which is higher than the ULTA Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of STX and ULTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

STX vs. ULTA - Drawdown Comparison

The maximum STX drawdown since its inception was -88.74%, roughly equal to the maximum ULTA drawdown of -87.89%. Use the drawdown chart below to compare losses from any high point for STX and ULTA.

Drawdown Indicators

	STX	ULTA	Difference
Max Drawdown Largest peak-to-trough decline	-88.74%	-87.89%	-0.85%
Max Drawdown (1Y) Largest decline over 1 year	-31.81%	-36.23%	+4.42%
Max Drawdown (3Y) Largest decline over 3 years	-40.00%	-44.56%	+4.56%
Max Drawdown (5Y) Largest decline over 5 years	-56.99%	-44.56%	-12.43%
Max Drawdown (10Y) Largest decline over 10 years	-56.99%	-64.92%	+7.93%
Current Drawdown Current decline from peak	-22.10%	-32.75%	+10.65%
Average Drawdown Average peak-to-trough decline	-26.39%	-20.89%	-5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.36%	18.06%	-8.70%

Volatility

STX vs. ULTA - Volatility Comparison

Seagate Technology plc (STX) has a higher volatility of 29.65% compared to Ulta Beauty, Inc. (ULTA) at 8.63%. This indicates that STX's price experiences larger fluctuations and is considered to be riskier than ULTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STX	ULTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.65%	8.63%	+21.02%
Volatility (6M) Calculated over the trailing 6-month period	55.18%	26.16%	+29.02%
Volatility (1Y) Calculated over the trailing 1-year period	70.92%	34.41%	+36.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.75%	34.36%	+12.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.52%	38.43%	+4.09%

Dividends

STX vs. ULTA - Dividend Comparison

STX's dividend yield for the trailing twelve months is around 0.35%, while ULTA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STX Seagate Technology plc	0.35%	1.05%	3.27%	3.28%	5.32%	2.40%	4.21%	4.27%	6.53%	6.02%	6.60%	6.14%
ULTA Ulta Beauty, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

STX vs. ULTA - Profitability Comparison

The chart below illustrates the profitability comparison between Seagate Technology plc and Ulta Beauty, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Portfolio components

STX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Seagate Technology plc reported a gross profit of 1.45B and revenue of 3.11B. Therefore, the gross margin over that period was 46.5%.

ULTA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Ulta Beauty, Inc. reported a gross profit of 1.27B and revenue of 3.16B. Therefore, the gross margin over that period was 40.1%.

STX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Seagate Technology plc reported an operating income of 982.00M and revenue of 3.11B, resulting in an operating margin of 31.6%.

ULTA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Ulta Beauty, Inc. reported an operating income of 448.26M and revenue of 3.16B, resulting in an operating margin of 14.2%.

STX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Seagate Technology plc reported a net income of 748.00M and revenue of 3.11B, resulting in a net margin of 24.0%.

ULTA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Ulta Beauty, Inc. reported a net income of 340.47M and revenue of 3.16B, resulting in a net margin of 10.8%.

Frequently Asked Questions

Can I hold both STX and ULTA in my portfolio?

STX and ULTA have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STX or ULTA?

STX has higher volatility (29.65%) compared to ULTA (8.63%). In terms of maximum drawdown, STX dropped -88.74% vs ULTA's -87.89%.

Which has better risk-adjusted returns?

STX currently has the higher Sharpe Ratio (6.57 vs -0.22), 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.