ULTA vs. INCY
ULTA (Ulta Beauty, Inc.) and INCY (Incyte Corporation) are both stocks. ULTA operates in Specialty Retail (Consumer Cyclical), while INCY operates in Biotechnology (Healthcare). Over the past 10 years, ULTA returned 7.00%/yr vs 3.13%/yr for INCY. At a 0.27 correlation, their price movements are largely independent.
Performance
ULTA vs. INCY - Performance Comparison
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Returns By Period
In the year-to-date period, ULTA achieves a -22.69% return, which is significantly lower than INCY's 9.88% return. Over the past 10 years, ULTA has outperformed INCY with an annualized return of 7.00%, while INCY has yielded a comparatively lower 3.13% annualized return.
ULTA
- 1D
- -1.82%
- 1M
- -4.96%
- YTD
- -22.69%
- 6M
- -22.25%
- 1Y
- 1.15%
- 3Y*
- 1.77%
- 5Y*
- 6.68%
- 10Y*
- 7.00%
INCY
- 1D
- 0.65%
- 1M
- 9.83%
- YTD
- 9.88%
- 6M
- 13.75%
- 1Y
- 56.79%
- 3Y*
- 20.55%
- 5Y*
- 5.62%
- 10Y*
- 3.13%
ULTA vs. INCY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ULTA Ulta Beauty, Inc. | -22.69% | 39.11% | -11.24% | 4.46% | 13.76% | 43.59% | 13.44% | 3.39% | 9.47% | -12.27% |
INCY Incyte Corporation | 9.88% | 43.00% | 10.00% | -21.83% | 9.43% | -15.61% | -0.39% | 37.32% | -32.86% | -5.55% |
Correlation
The correlation between ULTA and INCY is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2007 | 0.27 |
Fundamentals
ULTA:
$20.56B
INCY:
$22.45B
ULTA:
$26.57
INCY:
$7.06
ULTA:
17.60
INCY:
15.38
ULTA:
1.75
INCY:
0.02
ULTA:
1.65
INCY:
4.11
ULTA:
7.97
INCY:
3.99
ULTA:
$12.71B
INCY:
$5.36B
ULTA:
$5.00B
INCY:
$3.76B
ULTA:
$1.81B
INCY:
$1.80B
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Return for Risk
ULTA vs. INCY — Risk / Return Rank
ULTA
INCY
ULTA vs. INCY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ulta Beauty, Inc. (ULTA) and Incyte Corporation (INCY). 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.
| ULTA | INCY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.31 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 3.11 | -3.08 |
| Martin ratioReturn relative to average drawdown | 0.08 | 6.94 | -6.86 |
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Drawdowns
ULTA vs. INCY - Drawdown Comparison
The maximum ULTA drawdown since its inception was -87.89%, smaller than the maximum INCY drawdown of -98.54%. Use the drawdown chart below to compare losses from any high point for ULTA and INCY.
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Drawdown Indicators
| ULTA | INCY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.89% | -98.54% | +10.65% |
Max Drawdown (1Y)Largest decline over 1 year | -34.56% | -18.33% | -16.23% |
Max Drawdown (3Y)Largest decline over 3 years | -44.56% | -33.83% | -10.73% |
Max Drawdown (5Y)Largest decline over 5 years | -44.56% | -41.06% | -3.50% |
Max Drawdown (10Y)Largest decline over 10 years | -64.92% | -66.47% | +1.55% |
Current DrawdownCurrent decline from peak | -33.82% | -28.91% | -4.91% |
Average DrawdownAverage peak-to-trough decline | -20.81% | -59.88% | +39.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.13% | 8.21% | +5.92% |
Volatility
ULTA vs. INCY - Volatility Comparison
Ulta Beauty, Inc. (ULTA) and Incyte Corporation (INCY) have volatilities of 9.69% and 9.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ULTA | INCY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.69% | 9.64% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 25.04% | 22.73% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.39% | 33.10% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.26% | 29.32% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.32% | 34.29% | +4.03% |
Dividends
ULTA vs. INCY - Dividend Comparison
Neither ULTA nor INCY has paid dividends to shareholders.
Financials
ULTA vs. INCY - Financials Comparison
This section allows you to compare key financial metrics between Ulta Beauty, Inc. and Incyte Corporation. 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
ULTA vs. INCY - Profitability Comparison
ULTA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
INCY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a gross profit of 0.00 and revenue of 1.27B. Therefore, the gross margin over that period was 0.0%.
ULTA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported an operating income of 448.26M and revenue of 3.16B, resulting in an operating margin of 14.2%.
INCY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported an operating income of 301.12M and revenue of 1.27B, resulting in an operating margin of 23.7%.
ULTA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported a net income of 340.47M and revenue of 3.16B, resulting in a net margin of 10.8%.
INCY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a net income of 303.33M and revenue of 1.27B, resulting in a net margin of 23.8%.
Frequently Asked Questions
ULTA and INCY have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULTA has higher volatility (9.69%) compared to INCY (9.64%). In terms of maximum drawdown, ULTA dropped -87.89% vs INCY's -98.54%.
INCY currently has the higher Sharpe Ratio (1.72 vs 0.03), 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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