AISPW vs. PDYN

Last updated Jun 4, 2026

AISPW (Airship AI Holdings Inc) and PDYN (Palladyne AI Corp) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 3 years, AISPW returned 123.97%/yr vs 54.52%/yr for PDYN. At a 0.13 correlation, their price movements are largely independent.

Performance

AISPW vs. PDYN - Performance Comparison

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

Returns By Period

In the year-to-date period, AISPW achieves a 26.25% return, which is significantly lower than PDYN's 83.33% return.

AISPW

• 1D: -3.81%
• 1M: 32.91%
• YTD: 26.25%
• 6M: -20.47%
• 1Y: -34.42%
• 3Y*: 123.97%
• 5Y*: 7.00%
• 10Y*: —

PDYN

• 1D: -9.19%
• 1M: 19.79%
• YTD: 83.33%
• 6M: 34.19%
• 1Y: 7.87%
• 3Y*: 54.52%
• 5Y*: —
• 10Y*: —

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

AISPW vs. PDYN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AISPW Airship AI Holdings Inc	26.25%	-60.98%	4,887.83%	-48.62%	-84.91%	-8.90%
PDYN Palladyne AI Corp	83.33%	-65.28%	1,601.10%	-78.58%	-94.38%	9.67%

Correlation

The correlation between AISPW and PDYN is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Sep 28, 2021	0.13

Over the past year, AISPW and PDYN have become more correlated (0.37) than their long-term average of 0.13, meaning their price movements have been converging.

Fundamentals

Market Cap AISPW : $34.73M PDYN : $352.00M
EPS AISPW : -$19.47 PDYN : -$0.61
PS Ratio AISPW : 3.78 PDYN : 45.72
Total Revenue (TTM) AISPW : $9.82M PDYN : $7.07M
Gross Profit (TTM) AISPW : $3.17B PDYN : $2.26M
EBITDA (TTM) AISPW : -$1.61B PDYN : -$32.20M

Return for Risk

AISPW vs. PDYN — Risk / Return Rank

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

AISPW

AISPW Risk / Return Rank: 34
AISPW Sharpe Ratio Rank: 31
AISPW Sortino Ratio Rank: 44
AISPW Omega Ratio Rank: 41
AISPW Calmar Ratio Rank: 27
AISPW Martin Ratio Rank: 29

PDYN

PDYN Risk / Return Rank: 47
PDYN Sharpe Ratio Rank: 44
PDYN Sortino Ratio Rank: 54
PDYN Omega Ratio Rank: 50
PDYN Calmar Ratio Rank: 43
PDYN Martin Ratio Rank: 42

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.

AISPW vs. PDYN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Airship AI Holdings Inc (AISPW) and Palladyne AI Corp (PDYN). 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.

	AISPW	PDYN	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	0.07	-0.32
Sortino ratio: Return per unit of downside risk	0.59	1.00	-0.41
Omega ratio: Gain probability vs. loss probability	1.06	1.11	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.42	0.12	-0.53
Martin ratio: Return relative to average drawdown	-0.63	0.18	-0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AISPW vs. PDYN - Sharpe Ratio Comparison

The current AISPW Sharpe Ratio is -0.25, which is lower than the PDYN Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of AISPW and PDYN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AISPW	PDYN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	0.07	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	-0.24	+0.27

Drawdowns

AISPW vs. PDYN - Drawdown Comparison

The maximum AISPW drawdown since its inception was -99.17%, roughly equal to the maximum PDYN drawdown of -99.23%. Use the drawdown chart below to compare losses from any high point for AISPW and PDYN.

Drawdown Indicators

	AISPW	PDYN	Difference
Max Drawdown Largest peak-to-trough decline	-99.17%	-99.23%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-83.12%	-67.27%	-15.85%
Max Drawdown (3Y) Largest decline over 3 years	-93.20%	-84.00%	-9.20%
Max Drawdown (5Y) Largest decline over 5 years	-99.17%	—	—
Current Drawdown Current decline from peak	-67.21%	-86.96%	+19.75%
Average Drawdown Average peak-to-trough decline	-69.26%	-82.00%	+12.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.92%	42.89%	+12.03%

Volatility

AISPW vs. PDYN - Volatility Comparison

Airship AI Holdings Inc (AISPW) has a higher volatility of 34.53% compared to Palladyne AI Corp (PDYN) at 27.11%. This indicates that AISPW's price experiences larger fluctuations and is considered to be riskier than PDYN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AISPW	PDYN	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.53%	27.11%	+7.42%
Volatility (6M) Calculated over the trailing 6-month period	92.34%	74.67%	+17.67%
Volatility (1Y) Calculated over the trailing 1-year period	138.84%	105.75%	+33.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	334.91%	141.30%	+193.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	333.07%	141.30%	+191.77%

Dividends

AISPW vs. PDYN - Dividend Comparison

Neither AISPW nor PDYN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both AISPW and PDYN in my portfolio?

AISPW and PDYN have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AISPW or PDYN?

AISPW has higher volatility (34.53%) compared to PDYN (27.11%). In terms of maximum drawdown, AISPW dropped -99.17% vs PDYN's -99.23%.

Which has better risk-adjusted returns?

PDYN currently has the higher Sharpe Ratio (0.07 vs -0.25), 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.