TCMD vs. INSP
TCMD (Tactile Systems Technology, Inc.) and INSP (Inspire Medical Systems, Inc.) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 5 years, TCMD returned -9.54%/yr vs -21.80%/yr for INSP. At a 0.37 correlation, their price movements are largely independent.
Performance
TCMD vs. INSP - Performance Comparison
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Returns By Period
In the year-to-date period, TCMD achieves a 0.14% return, which is significantly higher than INSP's -44.31% return.
TCMD
- 1D
- -2.65%
- 1M
- 10.38%
- 6M
- -2.78%
- YTD
- 0.14%
- 1Y
- 191.57%
- 3Y*
- 5.29%
- 5Y*
- -9.54%
- 10Y*
- —
INSP
- 1D
- -0.77%
- 1M
- 20.28%
- 6M
- -47.01%
- YTD
- -44.31%
- 1Y
- -60.57%
- 3Y*
- -46.00%
- 5Y*
- -21.80%
- 10Y*
- —
TCMD vs. INSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TCMD Tactile Systems Technology, Inc. | 0.14% | 69.29% | 19.79% | 24.56% | -39.67% | -57.65% | -33.43% | 48.21% | 29.37% |
INSP Inspire Medical Systems, Inc. | -44.31% | -50.25% | -8.87% | -19.24% | 9.48% | 22.31% | 153.46% | 75.64% | 72.52% |
Correlation
The correlation between TCMD and INSP is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 3, 2018 | 0.37 |
Fundamentals
TCMD:
$655.03M
INSP:
$1.48B
TCMD:
$0.89
INSP:
$4.50
TCMD:
32.49
INSP:
11.43
TCMD:
0.82
INSP:
0.07
TCMD:
1.92
INSP:
1.64
TCMD:
3.01
INSP:
1.86
TCMD:
$343.52M
INSP:
$915.25M
TCMD:
$254.06M
INSP:
$785.06M
TCMD:
$38.53M
INSP:
$67.14M
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Return for Risk
TCMD vs. INSP — Risk / Return Rank
TCMD
INSP
TCMD vs. INSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tactile Systems Technology, Inc. (TCMD) and Inspire Medical Systems, Inc. (INSP). 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.
| TCMD | INSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.71 | ||
| Sortino ratioReturn per unit of downside risk | +5.72 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 0.84 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 6.00 | -0.84 | +6.84 |
| Martin ratioReturn relative to average drawdown | 14.04 | -1.24 | +15.28 |
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Drawdowns
TCMD vs. INSP - Drawdown Comparison
The maximum TCMD drawdown since its inception was -91.41%, roughly equal to the maximum INSP drawdown of -87.72%. Use the drawdown chart below to compare losses from any high point for TCMD and INSP.
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Drawdown Indicators
| TCMD | INSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.41% | -87.72% | -3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -32.13% | -72.19% | +40.06% |
Max Drawdown (3Y)Largest decline over 3 years | -62.93% | -87.72% | +24.79% |
Max Drawdown (5Y)Largest decline over 5 years | -86.69% | -87.72% | +1.03% |
Current DrawdownCurrent decline from peak | -61.93% | -84.25% | +22.32% |
Average DrawdownAverage peak-to-trough decline | -49.47% | -28.31% | -21.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.70% | 49.00% | -35.30% |
Volatility
TCMD vs. INSP - Volatility Comparison
Tactile Systems Technology, Inc. (TCMD) has a higher volatility of 12.88% compared to Inspire Medical Systems, Inc. (INSP) at 11.53%. This indicates that TCMD's price experiences larger fluctuations and is considered to be riskier than INSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCMD | INSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.88% | 11.53% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 35.51% | 42.88% | -7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.74% | 75.08% | -8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.61% | 60.33% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.54% | 60.38% | -3.84% |
Dividends
TCMD vs. INSP - Dividend Comparison
Neither TCMD nor INSP has paid dividends to shareholders.
Financials
TCMD vs. INSP - Financials Comparison
This section allows you to compare key financial metrics between Tactile Systems Technology, Inc. and Inspire Medical Systems, 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
TCMD vs. INSP - Profitability Comparison
TCMD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Tactile Systems Technology, Inc. reported a gross profit of 51.71M and revenue of 75.27M. Therefore, the gross margin over that period was 68.7%.
INSP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Inspire Medical Systems, Inc. reported a gross profit of 176.91M and revenue of 204.58M. Therefore, the gross margin over that period was 86.5%.
TCMD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Tactile Systems Technology, Inc. reported an operating income of -1.53M and revenue of 75.27M, resulting in an operating margin of -2.0%.
INSP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Inspire Medical Systems, Inc. reported an operating income of -1.12M and revenue of 204.58M, resulting in an operating margin of -0.6%.
TCMD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Tactile Systems Technology, Inc. reported a net income of -1.76M and revenue of 75.27M, resulting in a net margin of -2.3%.
INSP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Inspire Medical Systems, Inc. reported a net income of -11.29M and revenue of 204.58M, resulting in a net margin of -5.5%.
Frequently Asked Questions
TCMD and INSP have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCMD has higher volatility (12.88%) compared to INSP (11.53%). In terms of maximum drawdown, TCMD dropped -91.41% vs INSP's -87.72%.
TCMD currently has the higher Sharpe Ratio (2.89 vs -0.81), 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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