APYX vs. GHC

Last updated Jun 24, 2026

APYX (Apyx Medical Corporation) and GHC (Graham Holdings Company) are both stocks. APYX operates in Medical Devices (Healthcare), while GHC operates in Education & Training Services (Consumer Defensive). Over the past 5 years, APYX returned -17.35%/yr vs 13.67%/yr for GHC. At a 0.21 correlation, their price movements are largely independent.

Performance

APYX vs. GHC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Apyx Medical Corporation (APYX) and Graham Holdings Company (GHC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APYX achieves a 16.57% return, which is significantly higher than GHC's 4.89% return.

APYX

• 1D: 1.75%
• 1M: -1.21%
• YTD: 16.57%
• 6M: 13.33%
• 1Y: 104.00%
• 3Y*: -17.63%
• 5Y*: -17.35%
• 10Y*: —

GHC

• 1D: 0.70%
• 1M: 3.97%
• YTD: 4.89%
• 6M: 3.78%
• 1Y: 19.38%
• 3Y*: 27.56%
• 5Y*: 13.67%
• 10Y*: 10.09%

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

APYX vs. GHC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
APYX Apyx Medical Corporation	16.57%	121.52%	-39.69%	11.97%	-81.75%	78.06%	-14.89%	6.28%
GHC Graham Holdings Company	4.89%	26.98%	26.32%	16.56%	-3.02%	19.25%	-15.32%	0.57%

Correlation

The correlation between APYX and GHC is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jan 2, 2019	0.21

Fundamentals

EPS APYX : -$0.30 GHC : $90.63
PS Ratio APYX : 2.26 GHC : 1.01
Total Revenue (TTM) APYX : $55.83M GHC : $3.75B
Gross Profit (TTM) APYX : $21.29M GHC : $1.10B
EBITDA (TTM) APYX : -$3.18M GHC : $722.08M

Return for Risk

APYX vs. GHC — Risk / Return Rank

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

APYX

APYX Risk / Return Rank: 79
APYX Sharpe Ratio Rank: 77
APYX Sortino Ratio Rank: 78
APYX Omega Ratio Rank: 75
APYX Calmar Ratio Rank: 83
APYX Martin Ratio Rank: 82

GHC

GHC Risk / Return Rank: 62
GHC Sharpe Ratio Rank: 65
GHC Sortino Ratio Rank: 59
GHC Omega Ratio Rank: 59
GHC Calmar Ratio Rank: 63
GHC Martin Ratio Rank: 66

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.

APYX vs. GHC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Apyx Medical Corporation (APYX) and Graham Holdings Company (GHC). 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.

	APYX	GHC	Difference
Sharpe ratio: Return per unit of total volatility	1.19	0.73	+0.46
Sortino ratio: Return per unit of downside risk	2.13	1.15	+0.98
Omega ratio: Gain probability vs. loss probability	1.25	1.15	+0.10
Calmar ratio: Return relative to maximum drawdown	2.86	0.98	+1.87
Martin ratio: Return relative to average drawdown	6.86	2.58	+4.28

APYX vs. GHC - Sharpe Ratio Comparison

The current APYX Sharpe Ratio is 1.19, which is higher than the GHC Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of APYX and GHC, 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

APYX vs. GHC - Drawdown Comparison

The maximum APYX drawdown since its inception was -94.99%, which is greater than GHC's maximum drawdown of -67.54%. Use the drawdown chart below to compare losses from any high point for APYX and GHC.

Drawdown Indicators

	APYX	GHC	Difference
Max Drawdown Largest peak-to-trough decline	-94.99%	-67.54%	-27.45%
Max Drawdown (1Y) Largest decline over 1 year	-36.59%	-19.78%	-16.81%
Max Drawdown (3Y) Largest decline over 3 years	-88.52%	-19.78%	-68.74%
Max Drawdown (5Y) Largest decline over 5 years	-94.99%	-20.52%	-74.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-62.55%	—
Current Drawdown Current decline from peak	-76.55%	-3.47%	-73.08%
Average Drawdown Average peak-to-trough decline	-57.06%	-19.29%	-37.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.21%	7.54%	+7.67%

Volatility

APYX vs. GHC - Volatility Comparison

Apyx Medical Corporation (APYX) has a higher volatility of 22.15% compared to Graham Holdings Company (GHC) at 6.51%. This indicates that APYX's price experiences larger fluctuations and is considered to be riskier than GHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APYX	GHC	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.15%	6.51%	+15.64%
Volatility (6M) Calculated over the trailing 6-month period	55.41%	16.58%	+38.83%
Volatility (1Y) Calculated over the trailing 1-year period	87.90%	26.83%	+61.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	100.40%	26.11%	+74.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.04%	28.29%	+64.75%

Dividends

APYX vs. GHC - Dividend Comparison

APYX has not paid dividends to shareholders, while GHC's dividend yield for the trailing twelve months is around 0.64%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APYX Apyx Medical Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GHC Graham Holdings Company	0.64%	0.66%	0.79%	0.95%	1.05%	0.96%	1.09%	0.87%	0.83%	0.91%	0.95%	89.61%

Financials

Frequently Asked Questions

Can I hold both APYX and GHC in my portfolio?

APYX and GHC have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APYX or GHC?

APYX has higher volatility (22.15%) compared to GHC (6.51%). In terms of maximum drawdown, APYX dropped -94.99% vs GHC's -67.54%.

Which has better risk-adjusted returns?

APYX currently has the higher Sharpe Ratio (1.19 vs 0.73), 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.