AISP vs. PGNY

Last updated Jul 11, 2026

AISP (Airship AI Holdings Inc) and PGNY (Progyny, Inc.) are both stocks. AISP operates in Software - Infrastructure (Technology), while PGNY operates in Health Information Services (Healthcare). Over the past 5 years, AISP returned -25.61%/yr vs -12.23%/yr for PGNY. At a 0.03 correlation, their price movements are largely independent.

Performance

AISP vs. PGNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Airship AI Holdings Inc (AISP) and Progyny, Inc. (PGNY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AISP achieves a -23.53% return, which is significantly lower than PGNY's 19.35% return.

AISP

• 1D: -0.45%
• 1M: -26.58%
• 6M: -28.71%
• YTD: -23.53%
• 1Y: -57.42%
• 3Y*: -40.85%
• 5Y*: -25.61%
• 10Y*: —

PGNY

• 1D: -1.35%
• 1M: 15.10%
• 6M: 13.56%
• YTD: 19.35%
• 1Y: 32.06%
• 3Y*: -7.15%
• 5Y*: -12.23%
• 10Y*: —

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

AISP vs. PGNY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AISP Airship AI Holdings Inc	-23.53%	-53.83%	268.24%	-83.13%	2.96%	-1.21%
PGNY Progyny, Inc.	19.35%	48.87%	-53.60%	19.36%	-38.13%	-2.63%

Correlation

The correlation between AISP and PGNY is -0.03, 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	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since May 10, 2021	0.03

Fundamentals

Market Cap AISP : $76.11M PGNY : $2.40B
EPS AISP : -$18.65 PGNY : $0.77
PS Ratio AISP : 8.63 PGNY : 2.09
Total Revenue (TTM) AISP : $9.82M PGNY : $1.29B
Gross Profit (TTM) AISP : $3.17B PGNY : $311.76M
EBITDA (TTM) AISP : -$1.61B PGNY : $108.11M

Return for Risk

AISP vs. PGNY — Risk / Return Rank

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

AISP

AISP Risk / Return Rank: 13
AISP Sharpe Ratio Rank: 13
AISP Sortino Ratio Rank: 12
AISP Omega Ratio Rank: 15
AISP Calmar Ratio Rank: 9
AISP Martin Ratio Rank: 16

PGNY

PGNY Risk / Return Rank: 63
PGNY Sharpe Ratio Rank: 64
PGNY Sortino Ratio Rank: 64
PGNY Omega Ratio Rank: 66
PGNY Calmar Ratio Rank: 61
PGNY Martin Ratio Rank: 61

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.

AISP vs. PGNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Airship AI Holdings Inc (AISP) and Progyny, Inc. (PGNY). 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.

	AISP	PGNY	Difference
Sharpe ratio: Return per unit of total volatility	-0.72	0.54	-1.26
Sortino ratio: Return per unit of downside risk	-1.06	1.19	-2.25
Omega ratio: Gain probability vs. loss probability	0.89	1.17	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.86	0.70	-1.57
Martin ratio: Return relative to average drawdown	-1.21	1.53	-2.73

AISP vs. PGNY - Sharpe Ratio Comparison

The current AISP Sharpe Ratio is -0.72, which is lower than the PGNY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of AISP and PGNY, 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

AISP vs. PGNY - Drawdown Comparison

The maximum AISP drawdown since its inception was -87.56%, which is greater than PGNY's maximum drawdown of -79.49%. Use the drawdown chart below to compare losses from any high point for AISP and PGNY.

Drawdown Indicators

	AISP	PGNY	Difference
Max Drawdown Largest peak-to-trough decline	-87.56%	-79.49%	-8.07%
Max Drawdown (1Y) Largest decline over 1 year	-70.34%	-42.65%	-27.69%
Max Drawdown (3Y) Largest decline over 3 years	-87.39%	-68.14%	-19.25%
Max Drawdown (5Y) Largest decline over 5 years	-87.56%	-79.49%	-8.07%
Current Drawdown Current decline from peak	-83.59%	-54.02%	-29.57%
Average Drawdown Average peak-to-trough decline	-35.91%	-42.59%	+6.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.24%	19.61%	+30.63%

Volatility

AISP vs. PGNY - Volatility Comparison

Airship AI Holdings Inc (AISP) has a higher volatility of 19.25% compared to Progyny, Inc. (PGNY) at 7.21%. This indicates that AISP's price experiences larger fluctuations and is considered to be riskier than PGNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AISP	PGNY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.25%	7.21%	+12.04%
Volatility (6M) Calculated over the trailing 6-month period	58.45%	41.26%	+17.19%
Volatility (1Y) Calculated over the trailing 1-year period	84.56%	55.22%	+29.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.78%	56.00%	+72.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.65%	61.89%	+64.76%

Dividends

AISP vs. PGNY - Dividend Comparison

Neither AISP nor PGNY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both AISP and PGNY in my portfolio?

AISP and PGNY have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AISP or PGNY?

AISP has higher volatility (19.25%) compared to PGNY (7.21%). In terms of maximum drawdown, AISP dropped -87.56% vs PGNY's -79.49%.

Which has better risk-adjusted returns?

PGNY currently has the higher Sharpe Ratio (0.54 vs -0.72), 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.