BB vs. ICCM

Last updated Jun 4, 2026

BB (BlackBerry Limited) and ICCM (Icecure Medical) are both stocks. BB operates in Software - Infrastructure (Technology), while ICCM operates in Medical Devices (Healthcare). Over the past 3 years, BB returned 24.23%/yr vs -49.51%/yr for ICCM. At a 0.15 correlation, their price movements are largely independent.

Performance

BB vs. ICCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackBerry Limited (BB) and Icecure Medical (ICCM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BB achieves a 168.60% return, which is significantly higher than ICCM's -77.22% return.

BB

• 1D: -1.36%
• 1M: 82.44%
• YTD: 168.60%
• 6M: 143.54%
• 1Y: 156.42%
• 3Y*: 24.23%
• 5Y*: -5.99%
• 10Y*: 3.44%

ICCM

• 1D: -30.88%
• 1M: -53.87%
• YTD: -77.22%
• 6M: -80.24%
• 1Y: -86.76%
• 3Y*: -49.51%
• 5Y*: —
• 10Y*: —

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

BB vs. ICCM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BB BlackBerry Limited	168.60%	0.26%	6.78%	8.59%	-65.13%	-13.51%
ICCM Icecure Medical	-77.22%	-44.54%	2.80%	-30.97%	-49.18%	-72.02%

Correlation

The correlation between BB and ICCM is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021	0.15

Fundamentals

Market Cap BB : $6.55B ICCM : $10.23M
EPS BB : $0.09 ICCM : -$0.23
PS Ratio BB : 11.37 ICCM : 2.64
Total Revenue (TTM) BB : $549.10M ICCM : $3.57M
Gross Profit (TTM) BB : $418.20M ICCM : $1.30M
EBITDA (TTM) BB : $70.90M ICCM : -$15.41M

Return for Risk

BB vs. ICCM — Risk / Return Rank

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

BB

BB Risk / Return Rank: 90
BB Sharpe Ratio Rank: 94
BB Sortino Ratio Rank: 94
BB Omega Ratio Rank: 92
BB Calmar Ratio Rank: 88
BB Martin Ratio Rank: 83

ICCM

ICCM Risk / Return Rank: 2
ICCM Sharpe Ratio Rank: 3
ICCM Sortino Ratio Rank: 1
ICCM Omega Ratio Rank: 1
ICCM Calmar Ratio Rank: 2
ICCM Martin Ratio Rank: 1

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.

BB vs. ICCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackBerry Limited (BB) and Icecure Medical (ICCM). 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.

	BB	ICCM	Difference
Sharpe ratio Return per unit of total volatility	3.06	-1.06	+4.12
Sortino ratio Return per unit of downside risk	3.96	-2.40	+6.36
Omega ratio Gain probability vs. loss probability	1.47	0.66	+0.82
Calmar ratio Return relative to maximum drawdown	4.25	-0.98	+5.24
Martin ratio Return relative to average drawdown	7.98	-1.93	+9.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BB vs. ICCM - Sharpe Ratio Comparison

The current BB Sharpe Ratio is 3.06, which is higher than the ICCM Sharpe Ratio of -1.06. The chart below compares the historical Sharpe Ratios of BB and ICCM, 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

	BB	ICCM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.06	-1.06	+4.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	-0.49	+0.58

Drawdowns

BB vs. ICCM - Drawdown Comparison

The maximum BB drawdown since its inception was -98.57%, roughly equal to the maximum ICCM drawdown of -98.77%. Use the drawdown chart below to compare losses from any high point for BB and ICCM.

Drawdown Indicators

	BB	ICCM	Difference
Max Drawdown Largest peak-to-trough decline	-98.57%	-98.77%	+0.20%
Max Drawdown (1Y) Largest decline over 1 year	-37.00%	-88.32%	+51.32%
Max Drawdown (3Y) Largest decline over 3 years	-62.32%	-91.03%	+28.71%
Max Drawdown (5Y) Largest decline over 5 years	-86.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-91.59%	—	—
Current Drawdown Current decline from peak	-93.10%	-98.77%	+5.67%
Average Drawdown Average peak-to-trough decline	-72.00%	-86.15%	+14.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.68%	45.04%	-25.36%

Volatility

BB vs. ICCM - Volatility Comparison

The current volatility for BlackBerry Limited (BB) is 21.14%, while Icecure Medical (ICCM) has a volatility of 37.94%. This indicates that BB experiences smaller price fluctuations and is considered to be less risky than ICCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BB	ICCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.14%	37.94%	-16.80%
Volatility (6M) Calculated over the trailing 6-month period	39.78%	76.23%	-36.45%
Volatility (1Y) Calculated over the trailing 1-year period	51.43%	81.87%	-30.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.85%	124.06%	-66.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.69%	124.06%	-64.37%

Dividends

BB vs. ICCM - Dividend Comparison

Neither BB nor ICCM has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BB and ICCM in my portfolio?

BB and ICCM have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BB or ICCM?

ICCM has higher volatility (37.94%) compared to BB (21.14%). In terms of maximum drawdown, BB dropped -98.57% vs ICCM's -98.77%.

Which has better risk-adjusted returns?

BB currently has the higher Sharpe Ratio (3.06 vs -1.06), 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.