BNGO vs. QTEX
BNGO (Bionano Genomics, Inc.) and QTEX (QTREX Quantum Ltd.) are both stocks. BNGO operates in Diagnostics & Research (Healthcare), while QTEX operates in Computer Hardware (Technology). Over the past 3 years, BNGO returned -85.42%/yr vs 9.94%/yr for QTEX. At a 0.24 correlation, their price movements are largely independent.
Performance
BNGO vs. QTEX - Performance Comparison
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Returns By Period
In the year-to-date period, BNGO achieves a -24.84% return, which is significantly lower than QTEX's 111.11% return.
BNGO
- 1D
- 0.00%
- 1M
- -7.26%
- YTD
- -24.84%
- 6M
- -24.84%
- 1Y
- -64.83%
- 3Y*
- -85.42%
- 5Y*
- -80.70%
- 10Y*
- —
QTEX
- 1D
- -5.47%
- 1M
- 161.35%
- YTD
- 111.11%
- 6M
- 97.92%
- 1Y
- 149.67%
- 3Y*
- 9.94%
- 5Y*
- —
- 10Y*
- —
BNGO vs. QTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BNGO Bionano Genomics, Inc. | -24.84% | -91.16% | -84.74% | -87.05% | -51.17% | -50.90% |
QTEX QTREX Quantum Ltd. | 111.11% | -11.76% | -3.77% | -17.83% | -68.99% | -16.80% |
Correlation
The correlation between BNGO and QTEX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.24 |
Fundamentals
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Return for Risk
BNGO vs. QTEX — Risk / Return Rank
BNGO
QTEX
BNGO vs. QTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bionano Genomics, Inc. (BNGO) and QTREX Quantum Ltd. (QTEX). 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.
| BNGO | QTEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -4.71 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.44 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 1.87 | -2.71 |
| Martin ratioReturn relative to average drawdown | -1.04 | 3.39 | -4.43 |
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Drawdowns
BNGO vs. QTEX - Drawdown Comparison
The maximum BNGO drawdown since its inception was -99.99%, roughly equal to the maximum QTEX drawdown of -96.84%. Use the drawdown chart below to compare losses from any high point for BNGO and QTEX.
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Drawdown Indicators
| BNGO | QTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -96.84% | -3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -77.85% | -80.33% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -99.72% | -86.94% | -12.78% |
Max Drawdown (5Y)Largest decline over 5 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -80.19% | -19.80% |
Average DrawdownAverage peak-to-trough decline | -85.27% | -81.89% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.38% | 44.35% | +18.03% |
Volatility
BNGO vs. QTEX - Volatility Comparison
The current volatility for Bionano Genomics, Inc. (BNGO) is 10.24%, while QTREX Quantum Ltd. (QTEX) has a volatility of 142.17%. This indicates that BNGO experiences smaller price fluctuations and is considered to be less risky than QTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNGO | QTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 142.17% | -131.93% |
Volatility (6M)Calculated over the trailing 6-month period | 44.87% | 157.45% | -112.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.99% | 223.97% | -142.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.81% | 197.50% | -107.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 191.30% | 197.50% | -6.20% |
Dividends
BNGO vs. QTEX - Dividend Comparison
Neither BNGO nor QTEX has paid dividends to shareholders.
Financials
BNGO vs. QTEX - Financials Comparison
This section allows you to compare key financial metrics between Bionano Genomics, Inc. and QTREX Quantum Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BNGO and QTEX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTEX has higher volatility (142.17%) compared to BNGO (10.24%). In terms of maximum drawdown, BNGO dropped -99.99% vs QTEX's -96.84%.
QTEX currently has the higher Sharpe Ratio (0.67 vs -0.80), 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.
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