ATAI vs. DCTH

Last updated Jun 5, 2026

ATAI (Atai Life Sciences N.V.) and DCTH (Delcath Systems, Inc.) are both stocks. Both are in the Healthcare sector — ATAI in Biotechnology, DCTH in Medical Devices. Over the past 3 years, ATAI returned 35.22%/yr vs 17.10%/yr for DCTH. At a 0.22 correlation, their price movements are largely independent.

Performance

ATAI vs. DCTH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Atai Life Sciences N.V. (ATAI) and Delcath Systems, Inc. (DCTH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ATAI achieves a 10.02% return, which is significantly higher than DCTH's 6.83% return.

ATAI

• 1D: -0.66%
• 1M: 12.50%
• YTD: 10.02%
• 6M: 2.27%
• 1Y: 82.19%
• 3Y*: 35.22%
• 5Y*: —
• 10Y*: —

DCTH

• 1D: 4.45%
• 1M: -6.42%
• YTD: 6.83%
• 6M: 7.68%
• 1Y: -34.13%
• 3Y*: 17.10%
• 5Y*: 0.06%
• 10Y*: —

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

ATAI vs. DCTH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ATAI Atai Life Sciences N.V.	10.02%	207.52%	-5.67%	-46.99%	-65.14%	-60.77%
DCTH Delcath Systems, Inc.	6.83%	-16.11%	189.42%	15.56%	-53.55%	-23.95%

Correlation

The correlation between ATAI and DCTH is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jun 21, 2021	0.22

Fundamentals

Market Cap ATAI : $1.61B DCTH : $388.67M
EPS ATAI : -$2.67 DCTH : $0.01
PS Ratio ATAI : 320.49 DCTH : 6.30
PB Ratio ATAI : 8.10 DCTH : 3.45
Total Revenue (TTM) ATAI : $3.49M DCTH : $65.45M
Gross Profit (TTM) ATAI : $3.49M DCTH : $77.75M
EBITDA (TTM) ATAI : -$663.38M DCTH : $222.00K

Return for Risk

ATAI vs. DCTH — Risk / Return Rank

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

ATAI

ATAI Risk / Return Rank: 71
ATAI Sharpe Ratio Rank: 72
ATAI Sortino Ratio Rank: 74
ATAI Omega Ratio Rank: 71
ATAI Calmar Ratio Rank: 72
ATAI Martin Ratio Rank: 66

DCTH

DCTH Risk / Return Rank: 16
DCTH Sharpe Ratio Rank: 12
DCTH Sortino Ratio Rank: 14
DCTH Omega Ratio Rank: 15
DCTH Calmar Ratio Rank: 17
DCTH Martin Ratio Rank: 24

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.

ATAI vs. DCTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Atai Life Sciences N.V. (ATAI) and Delcath Systems, Inc. (DCTH). 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.

	ATAI	DCTH	Difference
Sharpe ratio: Return per unit of total volatility	1.03	-0.70	+1.73
Sortino ratio: Return per unit of downside risk	1.94	-0.84	+2.78
Omega ratio: Gain probability vs. loss probability	1.24	0.90	+0.33
Calmar ratio: Return relative to maximum drawdown	1.72	-0.67	+2.38
Martin ratio: Return relative to average drawdown	2.79	-0.91	+3.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ATAI vs. DCTH - Sharpe Ratio Comparison

The current ATAI Sharpe Ratio is 1.03, which is higher than the DCTH Sharpe Ratio of -0.70. The chart below compares the historical Sharpe Ratios of ATAI and DCTH, 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

	ATAI	DCTH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	-0.70	+1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	-0.44	+0.13

Drawdowns

ATAI vs. DCTH - Drawdown Comparison

The maximum ATAI drawdown since its inception was -94.77%, smaller than the maximum DCTH drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for ATAI and DCTH.

Drawdown Indicators

	ATAI	DCTH	Difference
Max Drawdown Largest peak-to-trough decline	-94.77%	-99.96%	+5.19%
Max Drawdown (1Y) Largest decline over 1 year	-48.06%	-51.45%	+3.39%
Max Drawdown (3Y) Largest decline over 3 years	-59.23%	-68.97%	+9.74%
Max Drawdown (5Y) Largest decline over 5 years	—	-82.21%	—
Current Drawdown Current decline from peak	-77.38%	-99.82%	+22.44%
Average Drawdown Average peak-to-trough decline	-79.77%	-96.46%	+16.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.52%	37.69%	-8.17%

Volatility

ATAI vs. DCTH - Volatility Comparison

Atai Life Sciences N.V. (ATAI) has a higher volatility of 15.38% compared to Delcath Systems, Inc. (DCTH) at 10.97%. This indicates that ATAI's price experiences larger fluctuations and is considered to be riskier than DCTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ATAI	DCTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.38%	10.97%	+4.41%
Volatility (6M) Calculated over the trailing 6-month period	49.13%	31.86%	+17.27%
Volatility (1Y) Calculated over the trailing 1-year period	80.43%	49.10%	+31.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.66%	73.08%	+10.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.66%	110.12%	-26.46%

Dividends

ATAI vs. DCTH - Dividend Comparison

Neither ATAI nor DCTH has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ATAI and DCTH in my portfolio?

ATAI and DCTH have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ATAI or DCTH?

ATAI has higher volatility (15.38%) compared to DCTH (10.97%). In terms of maximum drawdown, ATAI dropped -94.77% vs DCTH's -99.96%.

Which has better risk-adjusted returns?

ATAI currently has the higher Sharpe Ratio (1.03 vs -0.70), 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.