Relative Intelligence · Electronic Components
How Coherent (COHR) compares with the whole market and its popular alternatives
Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on COHR alone. It places COHR (Coherent, Inc.) against 18 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where COHR stands in the market, and of the alternatives worth a closer look.
Period covered: COHR's full trading record, from October 1987 through September 2026. All returns include reinvested dividends. Data as of October 22, 2026.
Data as of October 22, 2026. Full tables and charts read best on a larger screen.
This page answers the following questions about COHR
Key findings
Not AI-generatedThese key findings are generated by our proprietary relative intelligence engine, directly from the data on this page.
- Right nowCOHR has gone against the market, falling 40.7% over the past 6 months while the S&P 500 rose 8.0%. COHR is 51.3% below its high, bear-market territory, while the S&P 500 sits 1.9% below a record. At a glance ↓
- Stock or market?The weakness is COHR's own: it fell 33.4% over the past 3 months while the electronic components ETF XLK (State Street Technology Select Sector SPDR ETF) rose 1.3%. The S&P 500 rose 2.5%. Its electronic component peers did not move as one over the past 3 months: LITE (Lumentum) fell 9.3%, while AAOI (Applied Optoelectronics) fell 38.4%.
- Past 1 to 3 yearsOver the past year, COHR rose 80.1% against 15.6% for the S&P 500 and 16.9% for the Nasdaq 100. The same gap shows up over 3 years (571% against 88.4%). COHR finished ahead of the S&P 500 in both 2024 and 2025. By year ↓
- Long termCOHR turned $10,000 into $76,300 over the past decade, against $41,600 in the S&P 500. COHR's 10-year return of 663% puts it ahead of 91% of the stocks worth at least $300 million with that much history. The S&P 500 returned 316%. Growth of $10,000 ↓
- In a crashAcross seven sell-offs, COHR has typically fallen 1.7 times as far as the S&P 500. The 2022 bear market took 56.3% off COHR, against 24.5% for the S&P 500. That was more than LITE (Lumentum, 36.3%) but less than AAOI (Applied Optoelectronics, 71.6%). Crash tests ↓
- DiversificationAgainst the S&P 500, COHR has a correlation of 0.62 over 5 years, more closely than 93% of stocks worth at least $300 million. Next to an index fund it is more of the same, not a cushion. Market capture ↓
- Better options
- Popular alternatives
- NVDA (NVIDIA), AVGO (Broadcom) and ANET (Arista Networks) earned more than COHR with less volatility over the past 5 years. NVDA returned 56.5% a year at 51.9% volatility, against 28.8% a year at 66.5%.
- Nearby categories and themes
- TSM (Taiwan Semiconductor Manufacturing, semiconductors) and KLAC (KLA, semiconductor equipment) earned more than COHR with less volatility over the past 5 years. TSM returned 31.0% a year at 38.6% volatility, against 28.8% a year at 66.5%.
- Whole market
- 153 of the 3,641 stocks and funds worth at least $500 million earned more than COHR with less volatility over the past 5 years, among them NVDA (NVIDIA), TSM (Taiwan Semiconductor Manufacturing) and AVGO (Broadcom).
How much would $10,000 in COHR have grown?
This chart tracks a hypothetical $10,000 investment in COHR over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of COHR over the same span and COHR's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.
- $10,000 invested in COHR at the end of September 1997 would have grown to $922,472 by September 2026, more than the $132,907 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of COHR, and APH finished highest, at $3,002,572.
Choose a period
From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 36 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of COHR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.
- APH$3M+29,926% total · +21.7% a year
- SCCO$3M+26,680% total · +21.3% a year
- AAON$2M+19,509% total · +20.0% a year
- KLAC$1M+10,976% total · +17.6% a year
- FIX$1M+10,682% total · +17.5% a year
- COHR$922,472+9,125% total · +16.9% a year
- AMAT$594,575+5,846% total · +15.1% a year
- GLW$155,950+1,460% total · +9.9% a year
- SPY (S&P 500)$132,907+1,229% total · +9.3% a year
- CIEN$20,293+103% total · +2.5% a year
From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 133 of the 3,630 stocks and funds worth at least $500 million that traded the whole period ended ahead of COHR; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.
- AAOI$138,242+1,282% total · +69.1% a year
- LITE$116,261+1,063% total · +63.3% a year
- NVDA$110,811+1,008% total · +61.8% a year
- ANET$94,783+848% total · +56.8% a year
- AXTI$92,931+829% total · +56.2% a year
- AVGO$79,117+691% total · +51.2% a year
- CIEN$68,511+585% total · +46.9% a year
- COHR$48,485+385% total · +37.1% a year
- AMAT$41,406+314% total · +32.9% a year
- SPY (S&P 500)$19,000+90.0% total · +13.7% a year
COHR at a glance
This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.
- COHR is still 51.3% below its all-time high.
- COHR's deepest decline since it began trading in 1987 was 80.9%, from February 1997 to October 1998. It took 16 months from the low to climb back to its old high.
- Over 29 full calendar years, COHR's best was 1999, when it returned 156%, and its worst was 1998, when it lost 67.2%. It lost money in 11 of those years.
The company
- Market value
- $41B
- Industry
- Hardware, Equipment & Parts
- Price history from
- October 1987
Returns
- Past 1 year
- +80.1%total return
- Past 3 years
- +571%+88.6% a year
- Past 5 years
- +254%+28.8% a year
- Past 10 years
- +663%+22.5% a year
- Best calendar year
- +156%1999
- Worst calendar year
- −67.2%1998
- Losing years
- 11 of 29full calendar years
Risk
- Volatility
- 66.5%typical yearly swing, 5 years
- Sharpe ratio
- 0.72return per unit of risk, 5 years
- Worst decline ever
- −80.9%Feb 1997 to Oct 1998
- From its all-time high
- −51.3%below the peak
COHR against the whole market
Where COHR ranks among every stock and fund, and what across the market has done better.
How does COHR rank among all stocks?
This section ranks COHR on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how COHR stacks up against its peers, these rankings show where it stands in the market as a whole.
- COHR's 3-year return ranks in the top 3% of the 3,016 stocks worth at least $300 million with 3 years of history.
- COHR is among the more volatile stocks: its price swings rank in the bottom 16% of the 2,897 stocks worth at least $300 million, where the top is the calmest.
Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.
| Measure | COHR | Rank | Standing |
|---|---|---|---|
| 1-year return | +80.1% | 266 of 3,282 | top 8% |
| 3-year return | +571% | 81 of 3,016 | top 3% |
| 5-year return | +254% | 213 of 2,897 | top 7% |
| 10-year return | +663% | 202 of 2,201 | top 9% |
| Volatility, 5 years | 66.5% | 2,447 of 2,897 | bottom 17% |
| Sharpe ratio, 5 years | 0.72 | 424 of 2,897 | top 15% |
| Worst decline, past 10 years | −72.2% | 1,359 of 2,184 | bottom 39% |
What has beaten COHR on both return and risk?
Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). COHR sits where the dashed lines cross. Anything in the green box above and to the left earned more than COHR with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.
- 152 stocks and one ETF worth at least $500 million sit in the green region: each earned more than COHR over the past 5 years with smaller price swings. That is 4% of the 3,641 screened.
- Among those with at least half COHR's swings, CLS has the best return for its risk: 95.8% a year at 59.9% volatility, 10% less than COHR's 66.5%, and a Sharpe ratio (return above cash per unit of volatility) of 1.43 against 0.72 for COHR.
- Among COHR's popular alternatives, NVDA, AVGO and ANET are in the region. NVDA earned 56.5% a year against 28.8% a year for COHR, at 51.9% volatility, 22% less than COHR's 66.5%.
Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to COHR; faint dots are 88 more of the 153 in the green region (the strongest, one per fund family). 3,641 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.
- Popular alternatives
- Same and neighboring categories, and shared themes
- The whole market
- Others in the green region
Is there a better investment than COHR?
Investments that beat COHR over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.
- Among COHR's popular alternatives, NVDA, AVGO and ANET earned more than COHR with less volatility over the past 5 years. NVDA returned 56.5% a year at 51.9% volatility, against 28.8% a year at 66.5%.
- Looking beyond its popular alternatives, TSM (semiconductors) and KLAC (semiconductor equipment) earned more than COHR with less volatility over the past 5 years. TSM returned 31.0% a year at 38.6% volatility, against 28.8% a year at 66.5%.
- Across the whole market, 153 of the 3,641 stocks and funds worth at least $500 million earned more than COHR with less volatility over the past 5 years, among them NVDA, TSM and AVGO.
How this works
The table below lists investments that beat COHR over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks COHR's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than COHR follows the table.
Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than COHR's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× COHR's volatility counts as better.
These figures cover the past 5 years. Green marks a better figure than COHR's.
| Investment | Why it is better | Past 5 years | Downside | Long run | Fit | ||||
|---|---|---|---|---|---|---|---|---|---|
| Annual return?higher is better | Volatility?lower is calmer | Sharpe?return per unit of risk | Worst decline?past 10 years | 10Y returntotal | Corr. with COHR?lower diversifies more | Expenseper year | |||
| COHRCoherent, Inc. · this page | +28.8% | 66.5% | 0.72 | −72.2% | +663% | 1.00 | — | ||
 SPYState Street SPDR S&P 500 ETF · S&P 500 | +12.5% | 17.2% | 0.78 | −33.7% | +316% | 0.62 | 0.09% | ||
| Popular alternativesbest 6 shownThe investments people most often weigh against COHR. 8 of 18 passed at least one test. | |||||||||
 NVDANVIDIA Corporation · Semiconductors | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +56.5% | 51.9% | 1.12 | −66.3% | +12,166% | 0.47 | — | |
 AVGOBroadcom Inc. · Semiconductors | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +46.9% | 44.6% | 1.09 | −48.3% | +2,254% | 0.46 | — | |
 ANETArista Networks, Inc. · Communications Equipment | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +47.6% | 49.1% | 1.04 | −52.2% | +3,158% | 0.30 | — | |
 CIENCiena Corporation · Communications Equipment | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +43.7% | 52.9% | 0.95 | −49.5% | +1,509% | 0.48 | — | |
 LITELumentum Holdings Inc. · Communications Equipment | Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +55.0% | 64.7% | 1.00 | −66.9% | +1,718% | 0.60 | — | |
 GLWCorning Inc · Electronic Components | Similar return, lower volatilityHigher Sharpe, smaller worst decline | +29.7% | 42.2% | 0.83 | −51.5% | +568% | 0.61 | — | |
| Same and neighboring categories, and shared themesbest 6 shownEverything else in Electronic Components and the categories next to it (Semiconductors, Electronics Manufacturing, Communications Equipment, Electronic Equipment), plus COHR's specific themes. 21 of 125 passed at least one test. | |||||||||
 TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +31.0% | 38.6% | 0.90 | −56.6% | +1,440% | 0.69 | — | |
 KLACKLA Corporation · Semiconductor Equipment | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +35.3% | 46.9% | 0.88 | −50.9% | +2,224% | 0.54 | — | |
 MUMicron Technology, Inc. · Semiconductors | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +67.0% | 57.1% | 1.19 | −57.6% | +5,050% | 0.50 | — | |
 APHAmphenol Corporation · Electronic Components | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +31.3% | 32.4% | 1.01 | −37.5% | +887% | 0.59 | — | |
FEIMFrequency Electronics, Inc. · Electronic Components | Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +50.3% | 65.6% | 0.94 | −62.4% | +714% | 0.19 | — | |
DGIIDigi International Inc. · Communications Equipment | Similar return, lower volatility | +28.0% | 42.4% | 0.80 | −65.7% | +562% | 0.34 | — | |
| The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 191 of 3,512 passed at least one test. | |||||||||
 FIXComfort Systems USA, Inc. · Engineering & Construction | On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +73.0% | 46.9% | 1.41 | −49.7% | +4,888% | 0.52 | — | |
 LLYEli Lilly and Company · Pharmaceuticals | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +41.2% | 32.8% | 1.22 | −34.5% | +1,870% | 0.15 | — | |
 CATCaterpillar Inc. · Industrial Machinery | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +30.7% | 32.0% | 1.00 | −43.4% | +913% | 0.65 | — | |
 PLTRPalantir Technologies Inc. · Enterprise Software | Higher return, similar volatilityHigher return in most periods | +51.7% | 67.0% | 0.95 | −84.6% | — | 0.21 | — | |
 AEMAgnico Eagle Mines Limited · Gold Mining | Similar return, lower volatilityHigher Sharpe, smaller worst decline | +28.2% | 38.5% | 0.84 | −54.2% | +335% | 0.11 | — | |
 GOOGAlphabet Inc. · Internet Services | Smaller losses in recent crashes | +18.5% | 32.0% | 0.69 | −44.6% | +696% | 0.42 | — | |
EPUiShares MSCI Peru and Global Exposure ETF · International Equity | Similar return, lower volatilityHigher Sharpe, smaller worst decline | +28.1% | 24.9% | 1.12 | −51.0% | +258% | 0.32 | 0.59% | |
 XLKState Street Technology Select Sector SPDR ETF · Technology Equity | Smaller losses in recent crashes | +19.0% | 26.1% | 0.80 | −33.6% | +741% | 0.62 | 0.08% | |
What these numbers mean for COHR
- Annual return
- COHR returned 28.8% a year over the past 5 years with dividends reinvested, against 12.5% a year for the S&P 500. At that pace, $10,000 became about $35,400. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
- Volatility
- COHR's volatility over the past 5 years was 66.5%, 3.9 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, COHR's return lands within 66.5% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
- Sharpe ratio
- COHR's Sharpe ratio over the past 5 years was 0.72, against 0.78 for the S&P 500, so COHR earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
- Worst decline
- COHR's worst fall from a peak to a low over the past 10 years was 72.2%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 72.2% fall takes a 260% gain. Guide: Market crash risk and tail risk →
- Correlation
- Over the past 5 years, COHR's monthly returns had a correlation of 0.62 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against COHR instead: the lower it is, the more that option would diversify a COHR holding. Guide: Correlation and diversification →
Show all 153 stocks and funds worth at least $500 million that earned more than COHR with less volatility
Out of 3,641 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.
| # | Investment | Found in | Annual return | Volatility | Sharpe | Worst decline | 10Y return | Corr. with COHR | Expense |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors | Same or nearby category | +31.0% | 38.6% | 0.90 | −56.6% | +1,440% | 0.69 | — |
| 2 | FIXComfort Systems USA, Inc. · Engineering & Construction | Whole market | +73.0% | 46.9% | 1.41 | −49.7% | +4,888% | 0.52 | — |
| 3 | LLYEli Lilly and Company · Pharmaceuticals | Whole market | +41.2% | 32.8% | 1.22 | −34.5% | +1,870% | 0.15 | — |
| 4 | KLACKLA Corporation · Semiconductor Equipment | Same or nearby category | +35.3% | 46.9% | 0.88 | −50.9% | +2,224% | 0.54 | — |
| 5 | CATCaterpillar Inc. · Industrial Machinery | Whole market | +30.7% | 32.0% | 1.00 | −43.4% | +913% | 0.65 | — |
| 6 |  DELLDell Technologies Inc. · Computer Hardware | Whole market | +53.8% | 54.5% | 1.06 | −59.6% | +3,613% | 0.34 | — |
| 7 |  PANWPalo Alto Networks, Inc. · Cybersecurity | Whole market | +33.4% | 43.4% | 0.89 | −48.0% | +1,306% | 0.28 | — |
| 8 |  STXSeagate Technology Holdings plc · Computer Hardware | Whole market | +53.4% | 48.8% | 1.12 | −57.0% | +2,597% | 0.60 | — |
| 9 |  IBKRInteractive Brokers Group, Inc. · Investment Banking & Brokerage | Whole market | +35.3% | 35.5% | 1.03 | −55.1% | +929% | 0.40 | — |
| 10 |  SCCOSouthern Copper Corporation · Copper Mining | Whole market | +30.1% | 40.8% | 0.85 | −55.3% | +915% | 0.33 | — |
| 11 |  PWRQuanta Services, Inc. · Engineering & Construction | Whole market | +36.4% | 37.4% | 1.02 | −45.5% | +1,878% | 0.58 | — |
| 12 |  VSTVistra Corp. · Independent Power Producers | Whole market | +51.7% | 48.8% | 1.10 | −53.3% | +1,130% | 0.33 | — |
| 13 | ESLTElbit Systems Ltd. · Aerospace & Defense | Whole market | +39.7% | 34.6% | 1.14 | −35.4% | +763% | 0.08 | — |
| 14 | MUMicron Technology, Inc. · Semiconductors | Same or nearby category | +67.0% | 57.1% | 1.19 | −57.6% | +5,050% | 0.50 | — |
| 15 | EMEEMCOR Group, Inc. · Engineering & Construction | Whole market | +40.8% | 35.4% | 1.15 | −48.0% | +1,116% | 0.39 | — |
| 16 | NVDANVIDIA Corporation · Semiconductors | Popular alternative | +56.5% | 51.9% | 1.12 | −66.3% | +12,166% | 0.47 | — |
| 17 | GFIGold Fields Limited · Gold Mining | Whole market | +34.0% | 53.5% | 0.82 | −56.2% | +1,041% | -0.03 | — |
| 18 | COKECoca-Cola Consolidated, Inc. · Food & Beverages | Whole market | +41.6% | 38.0% | 1.11 | −51.7% | +1,564% | 0.23 | — |
| 19 | AVGOBroadcom Inc. · Semiconductors | Popular alternative | +46.9% | 44.6% | 1.09 | −48.3% | +2,254% | 0.46 | — |
| 20 | MLIMueller Industries, Inc. · Metal Fabrication | Whole market | +36.5% | 33.4% | 1.10 | −53.0% | +760% | 0.32 | — |
| 21 | FROFrontline Plc · Oil & Gas | Whole market | +53.9% | 49.7% | 1.12 | −52.0% | +1,270% | 0.07 | — |
| 22 | APHAmphenol Corporation · Electronic Components | Same or nearby category | +31.3% | 32.4% | 1.01 | −37.5% | +887% | 0.59 | — |
| 23 |  LRCXLam Research Corporation · Semiconductor Equipment | Same or nearby category | +34.2% | 50.1% | 0.84 | −56.4% | +2,542% | 0.61 | — |
| 24 |  ASXASE Technology Holding Co., Ltd. · Semiconductors | Same or nearby category | +47.3% | 43.3% | 1.11 | −52.5% | +883% | 0.63 | — |
| 25 |  PBR-APetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas | Whole market | +53.5% | 37.4% | 1.34 | −71.7% | +733% | 0.13 | — |
| 26 |  MPCMarathon Petroleum Corporation · Oil Refining | Whole market | +50.0% | 33.4% | 1.39 | −79.7% | +1,314% | -0.01 | — |
| 27 |  SMHVanEck Semiconductor ETF · Semiconductors | Same or nearby category | +32.2% | 37.0% | 0.94 | −45.3% | +1,570% | 0.71 | 0.35% |
| 28 | ANETArista Networks, Inc. · Communications Equipment | Popular alternative | +47.6% | 49.1% | 1.04 | −52.2% | +3,158% | 0.30 | — |
| 29 | JBLJabil Inc. · Electronics Manufacturing | Same or nearby category | +34.5% | 39.7% | 0.95 | −57.3% | +1,210% | 0.54 | — |
| 30 |  HWMHowmet Aerospace Inc. · Aerospace Components | Whole market | +45.1% | 32.7% | 1.31 | −68.9% | +928% | 0.39 | — |
| 31 | DHTDHT Holdings, Inc. · Oil & Gas | Whole market | +40.3% | 39.0% | 1.07 | −39.7% | +1,094% | 0.02 | — |
| 32 | GFFGriffon Corporation · Building Products | Whole market | +36.9% | 41.7% | 0.96 | −61.3% | +774% | 0.44 | — |
| 33 | TSEMTower Semiconductor Ltd. · Semiconductors | Same or nearby category | +40.1% | 52.4% | 0.90 | −62.3% | +933% | 0.44 | — |
| 34 | CIENCiena Corporation · Communications Equipment | Popular alternative | +43.7% | 52.9% | 0.95 | −49.5% | +1,509% | 0.48 | — |
| 35 |  TRGPTarga Resources Corp. · Oil & Gas Midstream | Whole market | +41.8% | 31.7% | 1.27 | −90.8% | +829% | 0.29 | — |
| 36 | USLMUnited States Lime & Minerals, Inc. · Construction Materials | Whole market | +36.8% | 36.1% | 1.05 | −45.9% | +831% | 0.08 | — |
| 37 | LPGDorian LPG Ltd. · Marine Shipping | Whole market | +55.8% | 43.6% | 1.24 | −62.9% | +1,827% | 0.01 | — |
| 38 | UFPTUFP Technologies, Inc. · Medical Devices | Whole market | +36.5% | 46.0% | 0.91 | −48.3% | +1,009% | 0.30 | — |
| 39 | ATIATI Inc. · Metals & Mining | Whole market | +58.9% | 43.2% | 1.29 | −82.4% | +809% | 0.42 | — |
| 40 | PLPCPreformed Line Products Company · Electrical Equipment · Optical Networking theme | Same or nearby category | +38.3% | 48.5% | 0.91 | −59.5% | +733% | 0.13 | — |
| 41 |  CAHCardinal Health, Inc. · Health Care Distribution | Whole market | +41.7% | 24.7% | 1.54 | −46.1% | +345% | 0.30 | — |
| 42 | CLMBClimb Global Solutions, Inc. · Technology Distribution | Whole market | +38.4% | 45.5% | 0.94 | −53.4% | +886% | 0.17 | — |
| 43 |  CLSCelestica Inc. · Electronics Manufacturing | Same or nearby category | +95.8% | 59.9% | 1.43 | −80.6% | +2,215% | 0.44 | — |
| 44 |  VLOValero Energy Corporation · Oil Refining | Whole market | +43.8% | 36.9% | 1.18 | −71.9% | +1,014% | 0.08 | — |
| 45 |  WDCWestern Digital Corporation · Computer Hardware | Whole market | +52.5% | 53.6% | 1.06 | −70.5% | +889% | 0.62 | — |
| 46 |  HSBCHSBC Holdings plc · Banks | Whole market | +32.8% | 25.9% | 1.23 | −62.3% | +314% | 0.25 | — |
| 47 | BELFBBel Fuse Inc. · Electronic Components | Same or nearby category | +75.9% | 52.3% | 1.35 | −79.8% | +818% | 0.40 | — |
| 48 |  MUFGMitsubishi UFJ Financial Group, Inc. · Banks | Whole market | +33.5% | 29.4% | 1.14 | −54.9% | +485% | 0.21 | — |
| 49 | INSWInternational Seaways, Inc. · Oil & Gas | Whole market | +58.7% | 40.6% | 1.35 | −57.4% | — | -0.02 | — |
| 50 |  MCKMcKesson Corporation · Health Care Distribution | Whole market | +37.8% | 25.1% | 1.41 | −38.1% | +582% | 0.05 | — |
| 51 |  RVMDRevolution Medicines, Inc. · Precision Oncology | Whole market | +47.0% | 62.1% | 0.93 | −73.3% | — | 0.42 | — |
| 52 | STLDSteel Dynamics, Inc. · Steel | Whole market | +32.4% | 38.0% | 0.93 | −68.5% | +1,019% | 0.40 | — |
| 53 |  PEverpure, Inc. · Computer Hardware | Whole market | +35.6% | 55.1% | 0.83 | −69.4% | +874% | 0.33 | — |
| 54 |  MFGMizuho Financial Group, Inc. · Banks | Whole market | +33.9% | 30.6% | 1.11 | −45.7% | +343% | 0.21 | — |
| 55 |  PSXPhillips 66 · Oil Refining | Whole market | +32.7% | 32.9% | 1.03 | −64.2% | +413% | -0.03 | — |
| 56 |  SMFGSumitomo Mitsui Financial Group, Inc. · Banks | Whole market | +34.0% | 29.4% | 1.15 | −47.6% | +470% | 0.21 | — |
| 57 |  AMDAdvanced Micro Devices, Inc. · Semiconductors | Same or nearby category | +33.5% | 57.7% | 0.79 | −65.5% | +7,146% | 0.54 | — |
| 58 | FTAIFTAI Aviation Ltd. · Aerospace & Defense | Whole market | +51.4% | 57.3% | 1.02 | −72.8% | +2,602% | 0.40 | — |
| 59 | THCTenet Healthcare Corporation · Health Care Facilities | Whole market | +30.8% | 45.0% | 0.83 | −71.7% | +1,036% | 0.23 | — |
| 60 | XPOXPO Logistics, Inc. · Trucking | Whole market | +30.0% | 47.0% | 0.79 | −64.5% | +1,487% | 0.43 | — |
| 61 |  HPEHewlett Packard Enterprise Company · Computer Hardware | Whole market | +32.8% | 42.3% | 0.89 | −56.9% | +481% | 0.38 | — |
| 62 | IAGIamgold Corporation · Gold Mining | Whole market | +41.8% | 61.0% | 0.88 | −86.4% | +304% | 0.19 | — |
| 63 |  AUAngloGold Ashanti Plc · Gold Mining | Whole market | +38.0% | 50.0% | 0.90 | −66.3% | +661% | 0.09 | — |
| 64 | CASYCasey's General Stores, Inc. · Convenience Stores | Whole market | +30.8% | 29.4% | 1.06 | −36.1% | +560% | 0.26 | — |
| 65 | BWLPBW LPG Limited · Marine Shipping | Whole market | +60.5% | 50.9% | 1.19 | −68.8% | +2,648% | 0.01 | — |
| 66 | SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESP · Water Utilities | Whole market | +40.9% | 36.9% | 1.11 | −62.0% | +282% | 0.22 | — |
| 67 | LNTHLantheus Holdings, Inc. · Pharmaceuticals | Whole market | +34.5% | 56.5% | 0.81 | −68.5% | +932% | 0.16 | — |
| 68 | ANFAbercrombie & Fitch Co. · Apparel Retail | Whole market | +33.4% | 62.9% | 0.77 | −72.4% | +1,132% | 0.24 | — |
| 69 | ENVAEnova International, Inc. · Online Lending | Whole market | +38.4% | 41.9% | 0.99 | −77.6% | +1,822% | 0.30 | — |
| 70 | CVICVR Energy, Inc. · Oil Refining | Whole market | +31.2% | 52.4% | 0.79 | −79.9% | +1,306% | -0.02 | — |
| 71 | NVTnVent Electric plc · Electrical Equipment | Whole market | +32.5% | 38.5% | 0.93 | −56.2% | — | 0.54 | — |
| 72 | TPCTutor Perini Corporation · Engineering & Construction | Whole market | +41.2% | 56.0% | 0.89 | −91.0% | +301% | 0.37 | — |
| 73 | STRLSterling Infrastructure, Inc. · Engineering & Construction | Whole market | +74.9% | 60.2% | 1.23 | −62.5% | +4,686% | 0.46 | — |
| 74 | CLMTCalumet Inc. · Oil Refining | Whole market | +34.9% | 56.6% | 0.81 | −90.4% | +1,181% | 0.12 | — |
| 75 | MOG-AMoog Inc. · Aerospace Components | Whole market | +35.1% | 32.1% | 1.10 | −63.7% | +540% | 0.47 | — |
| 76 | ARISAris Mining Corporation · Gold Mining | Whole market | +30.6% | 54.0% | 0.77 | −68.0% | +1,172% | 0.22 | — |
| 77 | AGIAlamos Gold Inc. · Gold Mining | Whole market | +31.5% | 42.4% | 0.86 | −66.1% | +276% | 0.02 | — |
| 78 | IDCCInterDigital, Inc. · Intellectual Property Licensing | Whole market | +39.4% | 36.9% | 1.09 | −64.9% | +392% | 0.43 | — |
| 79 | IESCIES Holdings, Inc. · Engineering & Construction | Whole market | +55.2% | 58.1% | 1.05 | −54.3% | +2,824% | 0.45 | — |
| 80 | JXNJackson Financial Inc. · Life Insurance | Whole market | +42.4% | 43.3% | 1.04 | −48.4% | — | 0.18 | — |
| 81 | PBTPermian Basin Royalty Trust · Mineral Royalties | Whole market | +36.5% | 47.1% | 0.90 | −74.0% | +715% | -0.03 | — |
| 82 | LAURLaureate Education, Inc. · Education Services | Whole market | +36.9% | 32.8% | 1.13 | −64.5% | — | -0.09 | — |
| 83 | SNEXStoneX Group Inc. · Capital Markets | Whole market | +32.5% | 37.3% | 0.95 | −48.7% | +669% | 0.18 | — |
| 84 | TRMDTORM plc · Marine Shipping | Whole market | +54.8% | 46.0% | 1.19 | −60.6% | — | -0.10 | — |
| 85 | AGXArgan, Inc. · Engineering & Construction | Whole market | +52.0% | 54.1% | 1.04 | −58.5% | +646% | 0.40 | — |
| 86 | MIRMMirum Pharmaceuticals, Inc. · Biotechnology | Whole market | +40.4% | 51.7% | 0.92 | −63.8% | — | 0.17 | — |
| 87 | NHCNational HealthCare Corporation · Health Care Facilities | Whole market | +31.2% | 28.6% | 1.10 | −35.3% | +385% | 0.24 | — |
| 88 | TNKTeekay Tankers Ltd. · Marine Shipping | Whole market | +52.2% | 45.1% | 1.16 | −63.4% | +511% | -0.07 | — |
| 89 | HURNHuron Consulting Group Inc. · Consulting Services | Whole market | +31.3% | 40.8% | 0.87 | −51.4% | +238% | -0.33 | — |
| 90 | TTMITTM Technologies, Inc. · Electronic Components | Same or nearby category | +40.6% | 55.8% | 0.90 | −66.6% | +518% | 0.61 | — |
| 91 | SANMSanmina Corporation · Electronics Manufacturing | Same or nearby category | +32.4% | 48.0% | 0.83 | −55.9% | +428% | 0.56 | — |
| 92 | ESQEsquire Financial Holdings, Inc. · Regional Banks | Whole market | +32.1% | 31.8% | 1.04 | −56.5% | — | 0.11 | — |
| 93 | IGICInternational General Insurance Holdings Ltd. · Insurance | Whole market | +30.6% | 30.9% | 1.02 | −50.6% | — | -0.10 | — |
| 94 | ODCOil-Dri Corporation of America · Specialty Chemicals | Whole market | +36.9% | 36.9% | 1.04 | −48.9% | +474% | 0.23 | — |
| 95 | NWPXNWPX Infrastructure, Inc. · Infrastructure | Whole market | +32.7% | 36.3% | 0.97 | −46.5% | +619% | 0.41 | — |
| 96 |  GEGE Aerospace · Aerospace & Defense | Whole market | +36.0% | 31.0% | 1.15 | −80.9% | +135% | 0.39 | — |
| 97 | MAMAMama's Creations, Inc. · Packaged Foods | Whole market | +40.3% | 57.6% | 0.88 | −64.8% | — | 0.22 | — |
| 98 |  PBRPetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas | Whole market | +52.4% | 37.4% | 1.32 | −75.3% | +647% | 0.10 | — |
| 99 |  SANBanco Santander, S.A. · Banks | Whole market | +31.7% | 33.9% | 0.99 | −73.8% | +307% | 0.21 | — |
| 100 |  BBVABanco Bilbao Vizcaya Argentaria, S.A. · Banks | Whole market | +39.0% | 33.3% | 1.16 | −69.6% | +515% | 0.17 | — |
COHR against its popular alternatives
The investments people most often weigh against COHR, compared period by period and year by year.
How do COHR's risk and return compare with its alternatives?
This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at COHR, which divides the map into what did better or worse on each measure.
- Six of the 18 popular alternatives, led by NVDA, LITE and ANET, were both more rewarding and calmer than COHR over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, COHR returned 28.8% a year, more than the S&P 500's 12.5%, with higher volatility (66.5% against 17.2%).
Green points earned more than COHR with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.
All figures
| Investment | Annual return | Volatility |
|---|---|---|
| NVDA NVIDIA Corporation | +56.5% | 51.9% |
| AAOI Applied Optoelectronics, Inc. | +55.5% | 123% |
| LITE Lumentum Holdings Inc. | +55.0% | 64.7% |
| ANET Arista Networks, Inc. | +47.6% | 49.1% |
| AVGO Broadcom Inc. | +46.9% | 44.6% |
| CIEN Ciena Corporation | +43.7% | 52.9% |
| AXTI AXT, Inc. | +43.3% | 103% |
| GLW Corning Inc | +29.8% | 42.2% |
| LPTH LightPath Technologies, Inc. | +29.2% | 86.4% |
| COHR This pageCoherent, Inc. | +28.8% | 66.5% |
| MTSI MACOM Technology Solutions Holdings, Inc. | +28.1% | 47.8% |
| FN Fabrinet | +26.9% | 57.3% |
| AMAT Applied Materials, Inc. | +23.6% | 47.6% |
| VIAV Viavi Solutions Inc. | +14.5% | 48.3% |
| SPY S&P 500State Street SPDR S&P 500 ETF | +12.5% | 17.2% |
| AAON AAON, Inc. | +8.7% | 47.6% |
| LASR nLIGHT, Inc. | +5.3% | 68.8% |
| GILT Gilat Satellite Networks Ltd. | −2.2% | 49.5% |
| POET POET Technologies Inc. | −8.5% | 109% |
| IPGP IPG Photonics Corporation | −15.6% | 48.6% |
Has COHR consistently beaten its popular alternatives?
This section compares COHR with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than COHR helps separate lasting outperformance from a single strong stretch.
- Six of the 18 popular alternatives, led by LITE, CIEN and AXTI, outperformed COHR in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- LITE and CIEN outperformed COHR in every long-term period and in all but one short-term period, the most consistent record in the group.
- NVDA, AVGO and ANET earned more for the risk they took than COHR (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.
A green cell means the alternative earned more than COHR over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.
| Investment | Periods outperformed | Short term | Long term | Risk · 5 years | Fund | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Volatilitylower is calmer | Sharpehigher is better | Worst declinepast 10 years | Expense | Assets | Overlapsame sectors | ||
| COHR Coherent, Inc. (this page) | — | −33.0% | −33.4% | −40.7% | +6.9% | +80.1% | +571% | +254% | +663% | 66.5% | 0.72 | −72.2% | — | $41B | — |
| LITE QualifiedLumentum Holdings Inc. | 5/5 short3/3 longAll-weather | −20.4% | −9.3% | −13.9% | +94.9% | +376% | +1,900% | +795% | +1,718% | 64.7% | 1.00 | −66.9% | — | $68B | — |
| CIEN QualifiedCiena Corporation | 5/5 short3/3 longAll-weather | −12.5% | −18.8% | −35.3% | +31.1% | +96.2% | +686% | +513% | +1,509% | 52.9% | 0.95 | −49.5% | — | $46B | — |
| AXTI QualifiedAXT, Inc. | 3/5 short3/3 long | −33.7% | −2.7% | −40.7% | +208% | +944% | +2,192% | +504% | +798% | 103% | 0.85 | −92.5% | — | $3.4B | — |
| NVDA QualifiedNVIDIA Corporation | 4/5 short2/3 long | −7.3% | +0.2% | +5.0% | +12.6% | +18.0% | +395% | +839% | +12,166% | 51.9% | 1.12 | −66.3% | — | $5.1T | — |
| ANET QualifiedArista Networks, Inc. | 4/5 short2/3 long | −16.6% | −2.2% | −3.7% | +28.0% | +16.7% | +267% | +601% | +3,158% | 49.1% | 1.04 | −52.2% | — | $216B | — |
| AVGO QualifiedBroadcom Inc. | 3/5 short2/3 long | −11.3% | −18.4% | −23.3% | −6.5% | −4.3% | +287% | +585% | +2,254% | 44.6% | 1.09 | −48.3% | — | $1.5T | — |
| AAOI Communication EquipmentApplied Optoelectronics, Inc. | 2/5 short2/3 long | −36.4% | −38.4% | −54.4% | +71.9% | +127% | +849% | +808% | +215% | 123% | 0.94 | −98.5% | — | $5.8B | — |
| AMAT SemiconductorsApplied Materials, Inc. | 4/5 short1/3 long | −20.5% | −32.1% | −6.7% | +40.2% | +71.2% | +186% | +188% | +1,334% | 47.6% | 0.69 | −55.1% | — | $298B | — |
| GLW Hardware, Equipment & PartsCorning Inc | 4/5 short1/3 long | −22.4% | −19.4% | −26.3% | +37.5% | +48.7% | +390% | +268% | +568% | 42.2% | 0.83 | −51.5% | — | $107B | — |
| VIAV Communication EquipmentViavi Solutions Inc. | 5/5 short0/3 long | −16.8% | −28.3% | −31.6% | +66.9% | +129% | +302% | +97.3% | +316% | 48.3% | 0.52 | −62.9% | — | $7.5B | — |
| MTSI SemiconductorsMACOM Technology Solutions Holdings, Inc. | 4/5 short0/3 long | −17.9% | −18.7% | −17.1% | +31.3% | +69.0% | +212% | +246% | +492% | 47.8% | 0.76 | −80.8% | — | $18B | — |
| AAON Industrial - MachineryAAON, Inc. | 2/5 short0/3 long | −12.2% | −35.0% | −28.0% | −11.8% | −28.4% | +31.7% | +51.4% | +272% | 47.6% | 0.41 | −52.9% | — | $5.7B | — |
| IPGP SemiconductorsIPG Photonics Corporation | 2/5 short0/3 long | −11.2% | −29.1% | −44.3% | −7.3% | −18.7% | −23.8% | −57.2% | −17.2% | 48.6% | -0.11 | −81.1% | — | $3.0B | — |
| FN Hardware, Equipment & PartsFabrinet | 1/5 short0/3 long | −21.3% | −38.2% | −54.0% | −33.7% | −20.6% | +95.0% | +230% | +622% | 57.3% | 0.70 | −57.4% | — | $11B | — |
| LPTH Hardware, Equipment & PartsLightPath Technologies, Inc. | 1/5 short0/3 long | −30.8% | −42.1% | −52.1% | −40.1% | −4.5% | +368% | +260% | +344% | 86.4% | 0.72 | −86.3% | — | $492M | — |
| GILT Communication EquipmentGilat Satellite Networks Ltd. | 1/5 short0/3 long | −25.6% | −34.2% | −57.7% | −44.4% | −44.3% | +27.8% | −10.7% | +104% | 49.5% | 0.20 | −80.9% | — | $554M | — |
| POET SemiconductorsPOET Technologies Inc. | 1/5 short0/3 long | −34.8% | −30.3% | −58.3% | −25.6% | −27.7% | +96.0% | −35.8% | +30.0% | 109% | 0.44 | −93.5% | — | $704M | — |
| LASR SemiconductorsnLIGHT, Inc. | 1/5 short0/3 long | −12.4% | −50.2% | −49.8% | −5.9% | +18.9% | +314% | +29.7% | — | 68.8% | 0.41 | −85.7% | — | $2.1B | — |
How did COHR do year by year?
This table shows each investment's total return in every full calendar year since 1997, along with where COHR ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with COHR and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.
- Ranked against its popular alternatives each year, COHR finished in the top quarter in eight of 29 years and in the bottom quarter in three. In 2025, it ranked 8 of 19.
- COHR finished ahead of the S&P 500 in 16 of its 29 full calendar years, and ahead of it in each of the last two.
- Among its popular alternatives, AVGO came out ahead of COHR most often, in 11 of the 16 years both traded.
Newest year first. Green marks a year in which the fund came out ahead of COHR; gray means the two finished within a fraction of a point. The rank row places COHR among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.
| Investment | Years ahead of COHR | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COHR This pageCoherent, Inc. | — | +94.8% | +118% | +24.0% | −48.6% | −10.1% | +126% | +3.7% | −30.9% | +58.4% | +59.8% | +36.0% | −22.4% | −3.6% | +5.4% | −20.8% | +45.8% | +66.5% | −37.5% | +9.3% | +56.3% | −15.8% | +64.8% | +60.6% | −6.9% | +13.4% | +51.0% | +156% | −67.2% | −8.4% |
| Rank among alternatives | Top quarter in 8 of 29 | 8 of 19 | 4 of 19 | 10 of 19 | 12 of 19 | 15 of 19 | 3 of 19 | 13 of 19 | 12 of 18 | 7 of 18 | 6 of 18 | 5 of 17 | 14 of 16 | 11 of 15 | 8 of 14 | 6 of 14 | 7 of 13 | 8 of 12 | 3 of 11 | 7 of 11 | 4 of 10 | 8 of 10 | 1 of 10 | 5 of 10 | 2 of 10 | 3 of 10 | 3 of 10 | 6 of 9 | 7 of 8 | 7 of 7 |
| SPY S&P 500State Street SPDR S&P 500 ETF | 12 of 29 | +17.7% | +24.9% | +26.2% | −18.2% | +28.7% | +18.3% | +31.2% | −4.6% | +21.7% | +12.0% | +1.2% | +13.5% | +32.3% | +16.0% | +1.9% | +15.1% | +26.4% | −36.8% | +5.1% | +15.9% | +4.8% | +10.7% | +28.2% | −21.6% | −11.7% | −9.8% | +20.4% | +28.7% | +33.5% |
| LITE Lumentum Holdings Inc. | 5 of 10 | +339% | +60.2% | +0.5% | −50.7% | +11.6% | +19.6% | +88.8% | −14.1% | +26.5% | +75.5% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| CIEN Ciena Corporation | 13 of 28 | +176% | +88.4% | −11.7% | −33.8% | +45.6% | +23.8% | +25.9% | +62.0% | −14.3% | +18.0% | +6.6% | −18.9% | +52.4% | +29.8% | −42.5% | +94.2% | +61.8% | −80.4% | +23.1% | +33.3% | −11.1% | −49.1% | +27.6% | −64.1% | −82.4% | +183% | +293% | −76.1% | — |
| AXTI AXT, Inc. | 12 of 27 | +653% | −9.6% | −45.2% | −50.3% | −7.9% | +120% | 0.0% | −50.0% | +81.3% | +93.5% | −11.4% | +7.3% | −7.1% | −32.6% | −60.1% | +221% | +141% | −78.2% | +31.4% | +121% | +35.4% | −49.2% | +72.8% | −87.5% | −56.4% | +89.6% | +91.0% | — | — |
| NVDA NVIDIA Corporation | 16 of 26 | +38.9% | +171% | +239% | −50.2% | +125% | +122% | +76.4% | −30.8% | +82.5% | +228% | +67.1% | +27.4% | +33.5% | −11.0% | −10.0% | −17.6% | +131% | −76.3% | +37.9% | +102% | +55.2% | +1.6% | +102% | −82.8% | +308% | +39.6% | — | — | — |
| ANET Arista Networks, Inc. | 5 of 11 | +18.6% | +87.7% | +94.1% | −15.6% | +97.9% | +42.9% | −3.5% | −10.5% | +143% | +24.2% | +28.2% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| AVGO Broadcom Inc. | 11 of 16 | +50.6% | +110% | +104% | −13.3% | +56.5% | +45.0% | +29.0% | +2.2% | +48.2% | +23.6% | +46.1% | +93.4% | +70.0% | +12.0% | +3.0% | +55.4% | — | — | — | — | — | — | — | — | — | — | — | — | — |
| AAOI Applied Optoelectronics, Inc. | 3 of 12 | −5.4% | +90.8% | +922% | −63.2% | −39.6% | −28.4% | −23.0% | −59.2% | +61.4% | +36.6% | +52.9% | −25.3% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| AMAT Applied Materials, Inc. | 13 of 29 | +59.6% | +1.1% | +68.0% | −37.5% | +83.6% | +43.3% | +89.9% | −34.9% | +59.8% | +75.7% | −23.5% | +43.7% | +58.6% | +10.2% | −21.9% | +3.0% | +40.4% | −42.1% | −2.6% | +3.8% | +5.4% | −23.8% | +72.3% | −35.0% | +5.0% | −39.7% | +197% | +41.7% | +67.9% |
| GLW Corning Inc | 12 of 29 | +87.8% | +60.7% | −1.2% | −11.6% | +5.9% | +27.6% | −1.0% | −3.3% | +34.6% | +36.3% | −18.4% | +31.2% | +45.1% | −0.2% | −31.9% | +1.1% | +106% | −59.8% | +28.7% | −4.8% | +67.2% | +12.7% | +215% | −62.8% | −83.0% | +23.3% | +190% | +23.6% | −3.0% |
| VIAV Viavi Solutions Inc. | 11 of 29 | +76.4% | +0.3% | −4.2% | −40.4% | +17.6% | −0.1% | +49.3% | +15.0% | +6.9% | +34.3% | −21.9% | +5.5% | −3.8% | +29.3% | −27.9% | +75.7% | +125% | −72.5% | −20.2% | −11.7% | −25.6% | −12.9% | +47.3% | −71.5% | −79.2% | −48.3% | +830% | +67.6% | +57.7% |
| MTSI MACOM Technology Solutions Holdings, Inc. | 6 of 13 | +31.8% | +39.8% | +47.6% | −19.6% | +42.3% | +107% | +83.3% | −55.4% | −29.7% | +13.2% | +30.7% | +84.1% | +13.5% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| AAON AAON, Inc. | 15 of 29 | −34.9% | +59.9% | +47.9% | −4.6% | +19.8% | +35.7% | +41.9% | −3.6% | +11.9% | +43.4% | +4.6% | +6.0% | +132% | +3.5% | +10.1% | +46.8% | −5.1% | +6.9% | +14.8% | +49.5% | +10.9% | −17.1% | +5.5% | +13.0% | +107% | +23.6% | +54.4% | +23.1% | +55.1% |
| IPGP IPG Photonics Corporation | 9 of 19 | −1.5% | −33.0% | +14.6% | −45.0% | −23.1% | +54.4% | +27.9% | −47.1% | +117% | +10.7% | +19.0% | −3.5% | +16.4% | +98.8% | +7.1% | +89.0% | +26.9% | −34.1% | −16.7% | — | — | — | — | — | — | — | — | — | — |
| FN Fabrinet | 9 of 15 | +107% | +15.5% | +48.4% | +8.2% | +52.7% | +19.7% | +26.4% | +78.8% | −28.8% | +69.2% | +34.3% | −13.7% | +56.5% | −4.0% | −36.4% | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| LPTH LightPath Technologies, Inc. | 10 of 29 | +206% | +180% | +3.3% | −50.0% | −37.8% | +441% | −51.3% | −32.9% | +44.2% | −45.6% | +211% | −33.1% | +49.5% | −14.9% | −40.9% | +7.1% | +119% | −60.7% | −58.5% | +174% | −61.0% | +55.8% | +10.5% | −91.0% | −74.4% | −25.8% | +315% | −21.7% | +39.4% |
| GILT Gilat Satellite Networks Ltd. | 11 of 29 | +110% | +0.7% | +5.3% | −18.0% | +18.2% | −12.1% | −9.4% | +18.4% | +54.3% | +44.7% | −25.7% | −0.5% | −11.7% | +34.3% | −21.0% | +8.5% | +76.6% | −74.6% | +16.9% | +53.3% | −5.6% | +24.4% | −37.2% | −92.9% | −78.5% | −78.5% | +115% | +92.6% | +16.2% |
| POET POET Technologies Inc. | 9 of 17 | +6.4% | +536% | −69.0% | −57.5% | +9.2% | +132% | +40.0% | +17.6% | −29.2% | −67.6% | −39.3% | +144% | −15.3% | +90.3% | +6.9% | +26.1% | +91.7% | — | — | — | — | — | — | — | — | — | — | — | — |
| LASR nLIGHT, Inc. | 3 of 7 | +258% | −22.3% | +33.1% | −57.7% | −26.7% | +61.0% | +14.1% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Risk and diversification
How COHR has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.
What were COHR's worst declines?
A drawdown is the decline from a peak to the lowest point before a new high. This section presents COHR's five deepest drawdowns since it began trading in 1987, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.
- In all four of COHR's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: COHR fell 80.9% from February 1997 to October 1998, while the S&P 500 rose 39.8%.
- The slowest recovery came after COHR fell 69.2% from March 2000 to March 2001; it did not regain that peak until August 2004, three years later.
Green means COHR fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.
| During | COHR fell | S&P 500, same dates | Peak | Low | Time to the low | Back at the peak | Time to recover |
|---|---|---|---|---|---|---|---|
| No named crash | −80.9% | +39.8% | Feb 1997 | Oct 1998 | 20 months | Feb 2000 | 16 months |
| No named crash | −80.6% | — | Jun 1989 | Aug 1993 | 4.2 years | Jan 1995 | 17 months |
| 2022 bear market | −72.2% | +8.5% | Feb 2021 | May 2023 | 2.3 years | Oct 2024 | 17 months |
| Dot-com bust | −69.2% | −14.6% | Mar 2000 | Mar 2001 | 12 months | Aug 2004 | 3.4 years |
| 2008 financial crisis | −68.2% | −47.2% | Aug 2008 | Mar 2009 | 7 months | Dec 2010 | 21 months |
How did COHR do in stock market crashes?
This section measures how far COHR, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.
- COHR fell further than the S&P 500 in all ten crashes it has traded through. The clearest case was the 2022 bear market, when COHR fell 56.3% and the S&P 500 fell 24.5%.
- Among its popular alternatives, FN held up best, falling less than COHR in all seven crashes they both traded through.
Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than COHR.
| Investment | Held up better | 2023 regional bank crisisMar 2023 | 2022 bear marketJan 2022 | Covid crashFeb 2020 | Late-2018 sell-offSep 2018 | February 2018 volatility shockFeb 2018 | 2015 China and oil sell-offAug 2015 | 2011 euro debt crisisJul 2011 | 2010 flash crashMay 2010 | 2008 financial crisisOct 2007 | Dot-com bustMar 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COHR This pageCoherent, Inc. | — | −10.7% | −56.3% | −43.0% | −39.5% | −9.8% | −15.0% | −40.4% | −2.1% | −68.2% | −61.4% |
| SPY S&P 500State Street SPDR S&P 500 ETF | 10 of 10 | −3.4% | −24.5% | −33.7% | −19.3% | −6.5% | −12.8% | −17.9% | −1.5% | −55.2% | −47.5% |
| LITE Lumentum Holdings Inc. | 4 of 6 | −6.5% | −36.3% | −28.7% | −40.1% | −5.0% | −34.1% | — | — | — | — |
| CIEN Ciena Corporation | 5 of 10 | −2.9% | −48.4% | −22.4% | −11.8% | −4.7% | −31.7% | −41.8% | −5.1% | −89.5% | −98.4% |
| AXTI AXT, Inc. | 3 of 10 | −11.8% | −55.5% | −53.4% | −46.2% | −3.8% | −14.3% | −49.7% | −7.8% | −88.1% | −97.5% |
| NVDA NVIDIA Corporation | 4 of 10 | −5.0% | −60.7% | −37.5% | −55.9% | −8.5% | −25.3% | −23.8% | −1.7% | −85.1% | −89.7% |
| ANET Arista Networks, Inc. | 5 of 6 | −1.5% | −36.6% | −31.2% | −31.2% | −6.1% | −36.6% | — | — | — | — |
| AVGO Broadcom Inc. | 6 of 8 | −2.8% | −34.3% | −46.8% | −15.2% | −4.5% | −21.6% | −26.7% | 0.0% | — | — |
| AAOI Applied Optoelectronics, Inc. | 2 of 6 | −5.7% | −71.6% | −54.5% | −58.8% | −8.1% | −45.1% | — | — | — | — |
| AMAT Applied Materials, Inc. | 5 of 10 | −3.6% | −54.2% | −43.6% | −26.4% | −9.7% | −18.8% | −24.5% | −1.6% | −61.7% | −82.0% |
| GLW Corning Inc | 8 of 10 | −3.8% | −30.9% | −36.7% | −21.7% | −9.0% | −13.5% | −31.1% | 0.0% | −71.6% | −99.0% |
| VIAV Viavi Solutions Inc. | 5 of 10 | −3.0% | −27.2% | −37.5% | −26.5% | −3.0% | −27.6% | −41.5% | −4.5% | −86.0% | −98.8% |
| MTSI MACOM Technology Solutions Holdings, Inc. | 3 of 6 | −4.8% | −43.9% | −48.1% | −37.0% | −41.5% | −22.4% | — | — | — | — |
| AAON AAON, Inc. | 8 of 10 | −4.5% | −39.3% | −31.0% | −25.7% | −7.1% | −22.2% | −36.4% | −2.4% | −43.5% | −38.8% |
| IPGP IPG Photonics Corporation | 6 of 9 | −4.7% | −52.4% | −26.8% | −37.6% | −8.0% | −23.9% | −38.1% | −2.1% | −69.1% | — |
| FN Fabrinet | 7 of 7 | −4.7% | −38.7% | −25.0% | −12.0% | −3.8% | −10.5% | −30.8% | — | — | — |
| LPTH LightPath Technologies, Inc. | 4 of 10 | −7.6% | −63.2% | −46.2% | −32.0% | −4.0% | −29.4% | −42.1% | −1.5% | −89.0% | −99.5% |
| GILT Gilat Satellite Networks Ltd. | 6 of 10 | −4.2% | −42.8% | −51.0% | −26.0% | −8.4% | −41.5% | −39.4% | −1.5% | −80.3% | −99.7% |
| POET POET Technologies Inc. | 3 of 8 | −17.8% | −73.9% | −59.5% | −38.7% | 0.0% | −46.7% | −56.5% | 0.0% | — | — |
| LASR nLIGHT, Inc. | 2 of 4 | −6.2% | −64.1% | −52.5% | −36.7% | — | — | — | — | — | — |
How closely does COHR move with the S&P 500?
Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares COHR with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.
- Over the past 10 years, COHR captured 162% of the S&P 500's gains in rising months and 146% of its losses in falling months, with a beta of 1.80. It amplified the market's moves in both directions.
- 12 of the 17 popular alternatives had a higher capture ratio (upside capture divided by downside capture) than COHR's 1.11, led by CIEN, ANET and AVGO.
- AVGO took just 86% of the S&P 500's losses, against 146% for COHR, while still keeping 158% of its gains.
Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than COHR's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.
| Investment | Upside capture | Downside capture | Capture ratio | Beta |
|---|---|---|---|---|
| COHR This pageCoherent, Inc. | 162% | 146% | 1.11 | 1.80 |
| CIEN Ciena Corporation | 129% | 64% | 2.02 | 1.07 |
| ANET Arista Networks, Inc. | 174% | 91% | 1.92 | 1.40 |
| AVGO Broadcom Inc. | 158% | 86% | 1.85 | 1.19 |
| NVDA NVIDIA Corporation | 248% | 140% | 1.77 | 1.83 |
| LITE Lumentum Holdings Inc. | 162% | 101% | 1.61 | 1.24 |
| GLW Corning Inc | 107% | 67% | 1.61 | 1.14 |
| FN Fabrinet | 115% | 72% | 1.60 | 1.12 |
| AMAT Applied Materials, Inc. | 152% | 97% | 1.58 | 1.51 |
| LPTH LightPath Technologies, Inc. | 97% | 72% | 1.34 | 1.36 |
| VIAV Viavi Solutions Inc. | 98% | 76% | 1.30 | 0.97 |
| AAON AAON, Inc. | 90% | 74% | 1.21 | 0.99 |
| GILT Gilat Satellite Networks Ltd. | 54% | 45% | 1.18 | 0.71 |
| AXTI AXT, Inc. | 185% | 171% | 1.08 | 2.03 |
| MTSI MACOM Technology Solutions Holdings, Inc. | 148% | 157% | 0.94 | 1.93 |
| AAOI Applied Optoelectronics, Inc. | 169% | 221% | 0.77 | 2.83 |
| POET POET Technologies Inc. | 62% | 108% | 0.58 | 0.81 |
| IPGP IPG Photonics Corporation | 65% | 130% | 0.50 | 1.15 |
What diversifies COHR?
Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with COHR's. Because such investments tend not to fall at the same time, pairing COHR with them can reduce a portfolio's overall swings.
- Moving a fifth of the money in COHR into MPC would have cut the portfolio's volatility by 19% over the past 5 years and raised its annual return (+37.1% for COHR alone, +43.6% for the mix).
- MCK made money in eight of the 11 calendar years in which COHR lost money.
- Among large ETFs, LVHI, EMLP and HDV have moved largely independently of COHR over the past 5 years, with correlations of 0.37 or lower, and each still earned a positive 5-year return.
Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which COHR lost money. The last two columns show a portfolio that is 80% COHR and 20% the other investment, rebalanced monthly.
ETFs
| Investment | Correlation | 5Y return | Sharpe | 2022 | 2021 | 2018 | 2014 | 2013 | 2011 | 2008 | 2005 | 2002 | 1998 | 1997 | 80/20 mix volatility | 80/20 mix annual return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COHR Coherent, Inc. (this page) | 1.00 | +254% | 0.72 | −48.6% | −10.1% | −30.9% | −22.4% | −3.6% | −20.8% | −37.5% | −15.8% | −6.9% | −67.2% | −8.4% | 52.8% | +37.1% |
| LVHI InternationalFranklin International Low Volatility High Dividend Index ETF | 0.32 | +119% | 1.48 | +3.8% | +17.8% | −5.2% | — | — | — | — | — | — | — | — | 42.8% | +35.5% |
| EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund | 0.37 | +103% | 1.06 | +10.4% | +23.1% | −8.7% | +23.8% | +16.6% | — | — | — | — | — | — | 43.4% | +35.0% |
| HDV Dividend & IncomeiShares Core High Dividend ETF | 0.24 | +86.8% | 1.03 | +7.0% | +19.6% | −3.0% | +12.6% | +23.7% | — | — | — | — | — | — | 43.0% | +34.4% |
| XLE EnergyState Street Energy Select Sector SPDR ETF | 0.02 | +178% | 0.94 | +64.4% | +53.3% | −18.2% | −8.7% | +26.3% | +2.8% | −39.0% | +40.1% | −14.8% | — | — | 42.6% | +37.7% |
| GLD CommoditiesSPDR Gold Shares | 0.12 | +120% | 0.93 | −0.8% | −4.2% | −1.9% | −2.2% | −28.3% | +9.6% | +4.9% | +17.8% | — | — | — | 42.8% | +36.1% |
| VTV Broad MarketVanguard Morningstar Value ETF | 0.49 | +78.0% | 0.91 | −2.1% | +26.5% | −5.5% | +13.2% | +33.1% | +1.1% | −35.9% | +7.2% | — | — | — | 43.7% | +34.1% |
| AMLP EnergyAlerian MLP ETF | 0.20 | +114% | 0.90 | +25.5% | +39.1% | −12.6% | +4.8% | +18.6% | +10.2% | — | — | — | — | — | 43.1% | +36.0% |
| EUFN InternationaliShares MSCI Europe Financials ETF | 0.29 | +130% | 0.88 | −8.8% | +19.1% | −23.1% | −9.7% | +29.3% | −26.6% | — | — | — | — | — | 43.6% | +36.4% |
Stocks
| Investment | Correlation | 5Y return | Sharpe | 2022 | 2021 | 2018 | 2014 | 2013 | 2011 | 2008 | 2005 | 2002 | 1998 | 1997 | 80/20 mix volatility | 80/20 mix annual return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COHR Coherent, Inc. (this page) | 1.00 | +254% | 0.72 | −48.6% | −10.1% | −30.9% | −22.4% | −3.6% | −20.8% | −37.5% | −15.8% | −6.9% | −67.2% | −8.4% | 52.8% | +37.1% |
| CAH Medical - DistributionCardinal Health, Inc. | 0.30 | +471% | 1.54 | +54.1% | −0.4% | −24.5% | +23.0% | +66.0% | +8.1% | −39.6% | +18.7% | −8.3% | +51.7% | +29.1% | 44.1% | +40.1% |
| CLS Hardware, Equipment & PartsCelestica Inc. | 0.44 | +2,780% | 1.43 | +1.3% | +37.9% | −16.3% | +12.9% | +27.6% | −24.4% | −20.5% | −25.2% | −65.1% | — | — | 48.6% | +53.1% |
| MCK Medical - DistributionMcKesson Corporation | 0.05 | +397% | 1.41 | +51.8% | +44.2% | −28.4% | +29.3% | +67.7% | +11.8% | −40.4% | +64.9% | −27.2% | +46.9% | +96.3% | 42.8% | +40.2% |
| MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation | -0.01 | +660% | 1.39 | +86.6% | +61.0% | −8.2% | +0.4% | +48.6% | — | — | — | — | — | — | 42.6% | +43.6% |
| PBR Oil & Gas IntegratedPetróleo Brasileiro S.A. - Petrobras | 0.10 | +721% | 1.32 | +55.4% | +19.3% | +27.7% | −45.1% | −28.3% | −32.1% | −55.6% | +85.0% | −32.0% | — | — | 43.6% | +42.8% |
Common questions
What was COHR's worst drawdown?
COHR's deepest decline since it began trading in 1987 was 80.9%, from February 1997 to October 1998. It took 16 months from the low to climb back to its old high.
What were COHR's best and worst years?
Over 29 full calendar years, COHR's best year was 1999, when it returned 156%. Its worst was 1998, with a return of -67.2%.
Is there a better investment than COHR?
Among COHR's popular alternatives, NVDA, AVGO and ANET earned more than COHR with less volatility over the past 5 years. NVDA returned 56.5% a year at 51.9% volatility, against 28.8% a year at 66.5%. Looking beyond its popular alternatives, TSM (semiconductors) and KLAC (semiconductor equipment) earned more than COHR with less volatility over the past 5 years. TSM returned 31.0% a year at 38.6% volatility, against 28.8% a year at 66.5%.
Is COHR more volatile than the S&P 500?
Yes. COHR's volatility over the past 5 years was 66.5%, 3.9 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, COHR's return lands within 66.5% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.
What is COHR's Sharpe ratio?
COHR's Sharpe ratio over the past 5 years was 0.72, against 0.78 for the S&P 500, so COHR earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.
How correlated is COHR with the S&P 500?
Over the past 5 years, COHR's monthly returns had a correlation of 0.62 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against COHR instead: the lower it is, the more that option would diversify a COHR holding.
What are the best alternatives to COHR?
Of the 18 popular alternatives we compared, six outperformed COHR in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: LITE, CIEN and AXTI.
Did COHR outperform the S&P 500?
COHR finished ahead of the S&P 500 (SPY) in 16 of 29 full calendar years. In 2025, it returned +94.8%, against +17.7% for the index.
How did COHR do in stock market crashes?
COHR fell less than the S&P 500 (SPY) in none of the ten major crashes it has traded through, and further in ten. The clearest case was the 2022 bear market, when COHR fell 56.3% and the S&P 500 fell 24.5%.
What diversifies COHR?
These had a low correlation with COHR over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.32), EMLP (correlation 0.37) and HDV (correlation 0.24); among large stocks, CAH (correlation 0.30), CLS (correlation 0.44) and MCK (correlation 0.05). A correlation near zero means the two have moved largely independently.
How we measure
- Short-term periods are 1M, 3M, 6M, YTD, 1Y; long-term periods are 3Y, 5Y, 10Y. An investment outperformed in a period when its total return, with dividends reinvested, was higher than COHR's. Returns within 0.5 points or 3% of COHR's, whichever is larger, count as a tie.
- "Qualified" means outperforming in at least 3 of 5 short-term periods and 2 of 3 long-term periods. "All-weather" means outperforming in every long-term period and all but one short-term period.
- Popular alternatives are the funds and stocks most often compared with this one. We include only those that trade today, are not leveraged or inverse, and hold at least $200 million.
- Volatility is the annualized standard deviation of daily returns over 5 years, a measure of how much the price typically swings in a year. The Sharpe ratio is the return above cash for each unit of that volatility.
- A decline, or drawdown, runs from a peak to the lowest close before the next high. The worst decline ever uses all the price history we have; comparisons between funds use the past 10 years so that younger funds are judged on the same stretch.
- Sector overlap is the share of assets two funds hold in the same sectors. Correlation and the mixed-portfolio figures use monthly returns.
- Upside and downside capture follow Morningstar's definition: the compound monthly return in the months the S&P 500 rose (or fell), divided by the S&P 500's compound return in those months. Beta measures how strongly monthly returns have moved with the S&P 500. All three use the same window for every investment.
- Figures are computed from daily adjusted prices and update after each trading day. Past performance does not predict future results.
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