IPGP vs INDB
Comparison between IPG Photonics Corp (IPGP, Company) and Independent Bank Corp (INDB, Company).
IPGP is from the Technology sector, while INDB is from the Financial Services sector.
5-Year PerformanceINDB has outperformed IPGP, delivering a return of +7.7% compared to -14.8%
IPGP vs INDB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
IPGP vs INDB - Historical Returns
Returns include dividend reinvestment.
IPGP vs INDB - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IPGP | INDB |
|---|---|---|
| 2026 | +28.89% | +17.73% |
| 2025 | -1.47% | +19.78% |
| 2024 | -31.77% | +2.44% |
| 2023 | +12.49% | -17.02% |
| 2022 | -45.53% | +3.94% |
| 2021 | -21.11% | +15.04% |
| 2020 | +52.78% | -9.78% |
| 2019 | +26.28% | +18.14% |
| 2018 | -49.05% | +3.24% |
| 2017 | +116.77% | +1.19% |
| 2016 | +14.99% | +58.20% |
| 2015 | +20.52% | +13.16% |
| 2014 | -1.63% | +14.22% |
| 2013 | +13.90% | +34.53% |
| 2012 | +90.52% | +6.28% |
| 2011 | +5.74% | -0.44% |
| 2010 | +82.04% | +31.22% |
| 2009 | +24.94% | -17.19% |
| 2008 | -32.76% | +3.50% |
| 2007 | -17.02% | -22.69% |
| 2006 | -6.25% | +25.42% |
| 2005 | N/A | -11.86% |
| 2004 | N/A | +21.49% |
| 2003 | N/A | +24.60% |
| 2002 | N/A | +6.74% |
| 2001 | N/A | +81.79% |
| 2000 | N/A | +2.42% |
| 1999 | N/A | -5.83% |
IPGP vs INDB Drawdown Comparison
The maximum drawdown for IPGP was -81.13%, occurring on Apr 8, 2025. This drawdown has not yet recovered.
The maximum drawdown for INDB was -68.87%, occurring on Mar 9, 2009. Recovery took 1526 trading sessions.
The current IPGP drawdown is -63.37%. The current INDB drawdown is -2.75%.
| Rank | IPGP | INDB |
|---|---|---|
| #1 | -81.13% Jan 23, 2018 - Apr 8, 2025 | -68.87% Dec 27, 2006 - Jan 22, 2013 |
| #2 | -75.14% Jan 30, 2007 - Nov 22, 2010 | -52.59% Mar 12, 2021 - Feb 3, 2026 |
| #3 | -55.36% Jul 5, 2011 - Dec 17, 2013 | -42.91% Sep 7, 2018 - Feb 24, 2021 |
| #4 | -27.66% Mar 20, 2015 - Apr 26, 2016 | -33.80% Apr 16, 2002 - Aug 12, 2003 |
| #5 | -25.50% Apr 27, 2016 - Jan 24, 2017 | -31.92% Nov 3, 1999 - Aug 11, 2000 |
| #6 | -21.16% Dec 23, 2013 - Feb 4, 2015 | -30.44% Sep 20, 2000 - Feb 13, 2001 |
| #7 | -18.47% Nov 21, 2017 - Jan 8, 2018 | -29.03% Dec 1, 2004 - Nov 15, 2006 |
| #8 | -17.53% Jun 2, 2011 - Jul 1, 2011 | -27.91% Aug 21, 2001 - Nov 20, 2001 |
| #9 | -11.37% Mar 4, 2011 - Mar 24, 2011 | -20.30% Nov 27, 2015 - Aug 5, 2016 |
| #10 | -10.99% Jan 13, 2011 - Feb 1, 2011 | -17.28% Feb 10, 2004 - Sep 9, 2004 |
| #11 | -10.23% Mar 24, 2011 - Apr 19, 2011 | -15.54% Jan 4, 2017 - Jul 21, 2017 |
| #12 | -9.77% Dec 13, 2006 - Jan 9, 2007 | -14.30% Feb 6, 2026 - Jul 1, 2026 |
| #13 | -8.79% May 3, 2011 - May 20, 2011 | -13.73% Jul 20, 2015 - Nov 6, 2015 |
| #14 | -8.17% Dec 21, 2010 - Jan 11, 2011 | -13.47% Apr 1, 2014 - Oct 31, 2014 |
| #15 | -7.89% Jan 10, 2007 - Jan 30, 2007 | -12.73% Dec 30, 2014 - Mar 16, 2015 |
Correlation
Correlation between IPGP and INDB is 0.74 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
IPGP vs INDB dividend yield comparison.
| Year | IPGP | INDB |
|---|---|---|
| 2026 | 0.00% | 1.51% |
| 2025 | 0.00% | 3.23% |
| 2024 | 0.00% | 3.55% |
| 2023 | 0.00% | 3.34% |
| 2022 | 0.00% | 2.46% |
| 2021 | 0.00% | 2.35% |
| 2020 | 0.00% | 2.52% |
| 2019 | 0.00% | 2.11% |
| 2018 | 0.00% | 2.16% |
| 2017 | 0.00% | 1.83% |
| 2016 | 0.00% | 1.65% |
| 2015 | 0.00% | 2.24% |
| 2014 | 0.00% | 2.24% |
| 2013 | 0.00% | 2.25% |
| 2012 | 0.98% | 2.90% |
| 2011 | 0.00% | 2.78% |
| 2010 | 0.00% | 2.66% |
| 2009 | 0.00% | 3.45% |
| 2008 | 0.00% | 2.75% |
| 2007 | 0.00% | 2.50% |
| 2006 | 0.00% | 1.78% |
| 2005 | 0.00% | 2.10% |
| 2004 | 0.00% | 1.66% |
| 2003 | 0.00% | 1.84% |
| 2002 | 0.00% | 2.11% |
| 2001 | 0.00% | 2.05% |
| 2000 | 0.00% | 3.20% |
| 1999 | 0.00% | 0.80% |
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