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IPGP correlations (IPG Photonics Corporation)

Which assets move with IPGP and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

48.0%

3y weekly

Beta vs S&P 500

1.24

3y weekly

1-year return

-7.6%

price, adjusted

5-year return

-55.1%

price, adjusted

Market cap

$3.3B

latest

P/E ratio

113.6

trailing

Max drawdown

-55.1%

3y, daily closes

IPGP over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with IPGP

Asset		Correlation (3Y)
CGNX	Cognex Corporation	0.62
AEIS	Advanced Energy Industries, Inc.	0.59
DIOD	Diodes Incorporated	0.57
CTS	CTS Corporation	0.56
VAL	Valaris Limited	0.55

If the goal is offsetting IPGP, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.34
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.32
NRC	NRC Health	-0.23

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/ipgp.json

Correlations, diversifiers, beta and volatility for IPGP, plus one endpoint per pair. API documentation.

ETF		IPGP weight
MDY	SPDR S&P MidCap 400 ETF	0.05%