ARMP vs. SGHT

Last updated Jun 4, 2026

ARMP (Armata Pharmaceuticals Inc.) and SGHT (Sight Sciences, Inc.) are both stocks. Both are in the Healthcare sector — ARMP in Biotechnology, SGHT in Medical Devices. Over the past 3 years, ARMP returned 67.68%/yr vs -16.74%/yr for SGHT. At a 0.05 correlation, their price movements are largely independent.

Performance

ARMP vs. SGHT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Armata Pharmaceuticals Inc. (ARMP) and Sight Sciences, Inc. (SGHT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARMP achieves a 20.86% return, which is significantly higher than SGHT's -45.27% return.

ARMP

• 1D: -4.17%
• 1M: -22.94%
• YTD: 20.86%
• 6M: 26.71%
• 1Y: 293.26%
• 3Y*: 67.68%
• 5Y*: 13.44%
• 10Y*: -30.49%

SGHT

• 1D: 0.00%
• 1M: 2.84%
• YTD: -45.27%
• 6M: -49.30%
• 1Y: 7.96%
• 3Y*: -16.74%
• 5Y*: —
• 10Y*: —

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

ARMP vs. SGHT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ARMP Armata Pharmaceuticals Inc.	20.86%	239.46%	-42.90%	161.29%	-77.37%	44.21%
SGHT Sight Sciences, Inc.	-45.27%	117.86%	-29.46%	-57.74%	-30.51%	-47.55%

Correlation

The correlation between ARMP and SGHT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.05

Fundamentals

Market Cap ARMP : $277.26M SGHT : $234.11M
EPS ARMP : -$7.79 SGHT : -$0.71
PS Ratio ARMP : 62.43 SGHT : 2.88
Total Revenue (TTM) ARMP : $4.41M SGHT : $79.55M
Gross Profit (TTM) ARMP : $3.26M SGHT : $68.55M
EBITDA (TTM) ARMP : -$27.14M SGHT : -$36.32M

Return for Risk

ARMP vs. SGHT — Risk / Return Rank

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

ARMP

ARMP Risk / Return Rank: 91
ARMP Sharpe Ratio Rank: 89
ARMP Sortino Ratio Rank: 92
ARMP Omega Ratio Rank: 90
ARMP Calmar Ratio Rank: 93
ARMP Martin Ratio Rank: 93

SGHT

SGHT Risk / Return Rank: 46
SGHT Sharpe Ratio Rank: 44
SGHT Sortino Ratio Rank: 50
SGHT Omega Ratio Rank: 49
SGHT Calmar Ratio Rank: 44
SGHT Martin Ratio Rank: 44

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.

ARMP vs. SGHT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Armata Pharmaceuticals Inc. (ARMP) and Sight Sciences, Inc. (SGHT). 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.

	ARMP	SGHT	Difference
Sharpe ratio: Return per unit of total volatility	2.09	0.09	+1.99
Sortino ratio: Return per unit of downside risk	3.58	0.83	+2.75
Omega ratio: Gain probability vs. loss probability	1.43	1.10	+0.33
Calmar ratio: Return relative to maximum drawdown	6.06	0.13	+5.93
Martin ratio: Return relative to average drawdown	16.33	0.25	+16.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARMP vs. SGHT - Sharpe Ratio Comparison

The current ARMP Sharpe Ratio is 2.09, which is higher than the SGHT Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of ARMP and SGHT, 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

	ARMP	SGHT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	0.09	+1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	-0.38	+0.14

Drawdowns

ARMP vs. SGHT - Drawdown Comparison

The maximum ARMP drawdown since its inception was -99.98%, roughly equal to the maximum SGHT drawdown of -96.70%. Use the drawdown chart below to compare losses from any high point for ARMP and SGHT.

Drawdown Indicators

	ARMP	SGHT	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-96.70%	-3.28%
Max Drawdown (1Y) Largest decline over 1 year	-48.72%	-61.88%	+13.16%
Max Drawdown (3Y) Largest decline over 3 years	-79.22%	-85.34%	+6.12%
Max Drawdown (5Y) Largest decline over 5 years	-85.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.68%	—	—
Current Drawdown Current decline from peak	-99.85%	-88.90%	-10.95%
Average Drawdown Average peak-to-trough decline	-82.78%	-77.83%	-4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.05%	31.69%	-13.64%

Volatility

ARMP vs. SGHT - Volatility Comparison

The current volatility for Armata Pharmaceuticals Inc. (ARMP) is 21.21%, while Sight Sciences, Inc. (SGHT) has a volatility of 27.37%. This indicates that ARMP experiences smaller price fluctuations and is considered to be less risky than SGHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARMP	SGHT	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.21%	27.37%	-6.16%
Volatility (6M) Calculated over the trailing 6-month period	80.14%	56.93%	+23.21%
Volatility (1Y) Calculated over the trailing 1-year period	141.51%	84.37%	+57.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.74%	91.49%	+22.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.46%	91.49%	+18.97%

Dividends

ARMP vs. SGHT - Dividend Comparison

Neither ARMP nor SGHT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ARMP and SGHT in my portfolio?

ARMP and SGHT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARMP or SGHT?

SGHT has higher volatility (27.37%) compared to ARMP (21.21%). In terms of maximum drawdown, ARMP dropped -99.98% vs SGHT's -96.70%.

Which has better risk-adjusted returns?

ARMP currently has the higher Sharpe Ratio (2.09 vs 0.09), 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.