THRM vs. FUN

Last updated Aug 1, 2026

THRM (Gentherm Incorporated) and FUN (Cedar Fair, L.P.) are both stocks. Both are in the Consumer Cyclical sector — THRM in Auto Parts, FUN in Leisure. Over the past 10 years, THRM returned 2.53%/yr vs -8.60%/yr for FUN. Their 0.16 correlation means their historical movements had little consistent relationship.

Performance

THRM vs. FUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gentherm Incorporated (THRM) and Cedar Fair, L.P. (FUN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THRM achieves a 11.58% return, which is significantly lower than FUN's 12.97% return. Over the past 10 years, THRM has outperformed FUN with an annualized return of 2.53%, while FUN has yielded a comparatively lower -8.60% annualized return.

THRM

• 1D: -4.11%
• 1M: 19.78%
• 6M: 26.97%
• YTD: 11.58%
• 1Y: 27.57%
• 3Y*: -14.99%
• 5Y*: -13.32%
• 10Y*: 2.53%
• ALL TIME*: 0.04%

FUN

• 1D: -2.09%
• 1M: -17.44%
• 6M: -3.78%
• YTD: 12.97%
• 1Y: -41.63%
• 3Y*: -22.07%
• 5Y*: -14.78%
• 10Y*: -8.60%
• ALL TIME*: 7.70%

*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)
FUN Cedar Fair, L.P.	$31.14M	$38.24M	$46.37M
THRM Gentherm Incorporated	$30.60M	$20.21M	$14.43M

THRM vs. FUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
THRM Gentherm Incorporated	11.58%	-8.90%	-23.75%	-19.80%	-24.87%	33.24%	46.92%	11.03%	25.92%	-6.20%
FUN Cedar Fair, L.P.	12.97%	-68.17%	26.39%	-0.96%	-16.23%	27.25%	-27.49%	25.65%	-22.66%	6.45%

Correlation

The correlation between THRM and FUN is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (5Y) Shows whether the relationship held over a longer period.	0.31
Correlation (10Y) Provides a long-term view across more market conditions.	0.28
Correlation (All Time) Calculated using the full available price history since Jun 10, 1993	0.16

The correlation between THRM and FUN shifts across timeframes, from 0.16 (all time) to 0.31 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap THRM : $1.24B FUN : $1.77B
EPS THRM : $0.86 FUN : -$16.04
PS Ratio THRM : 1.00 FUN : 0.61
PB Ratio THRM : 1.74 FUN : 0.20
Total Revenue (TTM) THRM : $1.26B FUN : $2.90B
Gross Profit (TTM) THRM : $369.10M FUN : $1.59B
EBITDA (TTM) THRM : $100.08M FUN : -$733.45M

Return for Risk

THRM vs. FUN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

THRM

THRM Risk / Return Rank: 65
THRM Sharpe Ratio Rank: 65
THRM Sortino Ratio Rank: 67
THRM Omega Ratio Rank: 64
THRM Calmar Ratio Rank: 64
THRM Martin Ratio Rank: 64

FUN

FUN Risk / Return Rank: 18
FUN Sharpe Ratio Rank: 16
FUN Sortino Ratio Rank: 19
FUN Omega Ratio Rank: 20
FUN Calmar Ratio Rank: 16
FUN Martin Ratio Rank: 20

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

THRM vs. FUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gentherm Incorporated (THRM) and Cedar Fair, L.P. (FUN). 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.

	THRM	FUN	Difference
Sharpe ratio: Return per unit of total volatility	0.59	-0.62	+1.21
Sortino ratio: Return per unit of downside risk	1.33	-0.64	+1.97
Omega ratio: Gain probability vs. loss probability	1.16	0.93	+0.23
Calmar ratio: Return relative to maximum drawdown	0.88	-0.73	+1.61
Martin ratio: Return relative to average drawdown	1.92	-1.10	+3.02

THRM vs. FUN - Sharpe Ratio Comparison

The current THRM Sharpe Ratio is 0.59, which is higher than the FUN Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of THRM and FUN, 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

THRM vs. FUN - Drawdown Comparison

The maximum THRM drawdown since its inception was -99.08%, which is greater than FUN's maximum drawdown of -77.75%. Use the drawdown chart below to compare losses from any high point for THRM and FUN.

Drawdown Indicators

	THRM	FUN	Difference
Max Drawdown Largest peak-to-trough decline	-99.08%	-77.75%	-21.33%
Max Drawdown (1Y) Largest decline over 1 year	-30.32%	-58.21%	+27.89%
Max Drawdown (3Y) Largest decline over 3 years	-64.00%	-77.74%	+13.74%
Max Drawdown (5Y) Largest decline over 5 years	-76.34%	-77.74%	+1.40%
Max Drawdown (10Y) Largest decline over 10 years	-76.34%	-77.75%	+1.41%
Current Drawdown Current decline from peak	-58.84%	-69.93%	+11.09%
Average Drawdown Average peak-to-trough decline	-61.30%	-20.02%	-41.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.89%	38.37%	-24.48%

Volatility

THRM vs. FUN - Volatility Comparison

Gentherm Incorporated (THRM) has a higher volatility of 26.33% compared to Cedar Fair, L.P. (FUN) at 15.40%. This indicates that THRM's price experiences larger fluctuations and is considered to be riskier than FUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THRM	FUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.33%	15.40%	+10.93%
Volatility (6M) Calculated over the trailing 6-month period	37.20%	46.34%	-9.14%
Volatility (1Y) Calculated over the trailing 1-year period	45.55%	68.05%	-22.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.33%	44.64%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.17%	45.59%	-6.42%

Dividends

THRM vs. FUN - Dividend Comparison

Neither THRM nor FUN has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUN Cedar Fair, L.P.	0.00%	0.00%	4.42%	3.02%	1.45%	0.00%	2.38%	6.69%	7.60%	5.32%	5.19%	5.51%
THRM Gentherm Incorporated	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

Frequently Asked Questions

Can I hold both THRM and FUN in my portfolio?

THRM and FUN have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THRM or FUN?

THRM has higher volatility (26.33%) compared to FUN (15.40%). In terms of maximum drawdown, THRM dropped -99.08% vs FUN's -77.75%.

Which has better risk-adjusted returns?

THRM currently has the higher Sharpe Ratio (0.59 vs -0.62), 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.