TYGO vs. ASND

Last updated Jun 13, 2026

TYGO (Tigo Energy Inc.) and ASND (Ascendis Pharma A/S) are both stocks. TYGO operates in Solar (Technology), while ASND operates in Biotechnology (Healthcare). Over the past 3 years, TYGO returned -43.32%/yr vs 32.88%/yr for ASND. At a 0.07 correlation, their price movements are largely independent.

Performance

TYGO vs. ASND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tigo Energy Inc. (TYGO) and Ascendis Pharma A/S (ASND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TYGO achieves a 107.97% return, which is significantly higher than ASND's 2.26% return.

TYGO

• 1D: -2.05%
• 1M: -27.34%
• YTD: 107.97%
• 6M: 81.65%
• 1Y: 145.30%
• 3Y*: -43.32%
• 5Y*: —
• 10Y*: —

ASND

• 1D: 1.14%
• 1M: -9.33%
• YTD: 2.26%
• 6M: -1.07%
• 1Y: 27.67%
• 3Y*: 32.88%
• 5Y*: 10.86%
• 10Y*: 33.14%

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

TYGO vs. ASND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TYGO Tigo Energy Inc.	107.97%	40.12%	-52.88%	-79.51%	3.03%	3.02%
ASND Ascendis Pharma A/S	2.26%	54.89%	9.31%	3.13%	-9.22%	-23.96%

Correlation

The correlation between TYGO and ASND 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	0.09
Correlation (All Time) Calculated using the full available price history since Sep 3, 2021	0.07

The correlation between TYGO and ASND shifts across timeframes, from -0.01 (1 year) to 0.09 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TYGO : $208.30M ASND : $14.07B
EPS TYGO : $0.05 ASND : €8.08
PE Ratio TYGO : 57.20 ASND : 23.32
PS Ratio TYGO : 1.75 ASND : 13.62
PB Ratio TYGO : 5.10 ASND : 24.89
Total Revenue (TTM) TYGO : $109.89M ASND : €867.51M
Gross Profit (TTM) TYGO : $47.97M ASND : €764.89M
EBITDA (TTM) TYGO : $12.07M ASND : -€6.94M

Return for Risk

TYGO vs. ASND — Risk / Return Rank

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

TYGO

TYGO Risk / Return Rank: 80
TYGO Sharpe Ratio Rank: 80
TYGO Sortino Ratio Rank: 81
TYGO Omega Ratio Rank: 78
TYGO Calmar Ratio Rank: 82
TYGO Martin Ratio Rank: 80

ASND

ASND Risk / Return Rank: 68
ASND Sharpe Ratio Rank: 67
ASND Sortino Ratio Rank: 63
ASND Omega Ratio Rank: 60
ASND Calmar Ratio Rank: 72
ASND Martin Ratio Rank: 76

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.

TYGO vs. ASND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tigo Energy Inc. (TYGO) and Ascendis Pharma A/S (ASND). 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.

	TYGO	ASND	Difference
Sharpe ratio: Return per unit of total volatility	1.33	0.75	+0.57
Sortino ratio: Return per unit of downside risk	2.24	1.28	+0.96
Omega ratio: Gain probability vs. loss probability	1.27	1.15	+0.11
Calmar ratio: Return relative to maximum drawdown	2.70	1.59	+1.11
Martin ratio: Return relative to average drawdown	6.25	4.87	+1.38

TYGO vs. ASND - Sharpe Ratio Comparison

The current TYGO Sharpe Ratio is 1.33, which is higher than the ASND Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of TYGO and ASND, 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

TYGO vs. ASND - Drawdown Comparison

The maximum TYGO drawdown since its inception was -97.45%, which is greater than ASND's maximum drawdown of -61.72%. Use the drawdown chart below to compare losses from any high point for TYGO and ASND.

Drawdown Indicators

	TYGO	ASND	Difference
Max Drawdown Largest peak-to-trough decline	-97.45%	-61.72%	-35.73%
Max Drawdown (1Y) Largest decline over 1 year	-49.64%	-17.62%	-32.02%
Max Drawdown (3Y) Largest decline over 3 years	-97.45%	-29.15%	-68.30%
Max Drawdown (5Y) Largest decline over 5 years	—	-60.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.72%	—
Current Drawdown Current decline from peak	-89.07%	-12.72%	-76.35%
Average Drawdown Average peak-to-trough decline	-55.49%	-18.90%	-36.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.42%	5.72%	+15.70%

Volatility

TYGO vs. ASND - Volatility Comparison

Tigo Energy Inc. (TYGO) has a higher volatility of 17.85% compared to Ascendis Pharma A/S (ASND) at 13.12%. This indicates that TYGO's price experiences larger fluctuations and is considered to be riskier than ASND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TYGO	ASND	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.85%	13.12%	+4.73%
Volatility (6M) Calculated over the trailing 6-month period	77.62%	29.45%	+48.17%
Volatility (1Y) Calculated over the trailing 1-year period	101.13%	37.26%	+63.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.03%	48.65%	+43.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.03%	51.09%	+40.94%

Dividends

TYGO vs. ASND - Dividend Comparison

Neither TYGO nor ASND has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both TYGO and ASND in my portfolio?

TYGO and ASND 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, TYGO or ASND?

TYGO has higher volatility (17.85%) compared to ASND (13.12%). In terms of maximum drawdown, TYGO dropped -97.45% vs ASND's -61.72%.

Which has better risk-adjusted returns?

TYGO currently has the higher Sharpe Ratio (1.33 vs 0.75), 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.