CNMD vs. QSIAW

Last updated Jun 5, 2026

CNMD (CONMED Corporation) and QSIAW (Quantum-Si incorporated) are both stocks. Both are in the Healthcare sector — CNMD in Medical Devices, QSIAW in Biotechnology. Over the past 3 years, CNMD returned -34.02%/yr vs -62.92%/yr for QSIAW. At a 0.08 correlation, their price movements are largely independent.

Performance

CNMD vs. QSIAW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CONMED Corporation (CNMD) and Quantum-Si incorporated (QSIAW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNMD achieves a -13.47% return, which is significantly higher than QSIAW's -94.01% return.

CNMD

• 1D: 6.26%
• 1M: -4.12%
• YTD: -13.47%
• 6M: -20.59%
• 1Y: -37.44%
• 3Y*: -34.02%
• 5Y*: -22.95%
• 10Y*: -0.82%

QSIAW

• 1D: -40.00%
• 1M: -82.35%
• YTD: -94.01%
• 6M: -95.58%
• 1Y: -98.51%
• 3Y*: -62.92%
• 5Y*: —
• 10Y*: —

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

CNMD vs. QSIAW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CNMD CONMED Corporation	-13.47%	-40.03%	-36.84%	24.45%	-36.98%	3.95%
QSIAW Quantum-Si incorporated	-94.01%	-83.96%	295.68%	26.37%	-86.10%	-32.38%

Correlation

The correlation between CNMD and QSIAW is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021	0.08

Fundamentals

Market Cap CNMD : $1.08B QSIAW : $2.60M
EPS CNMD : $1.77 QSIAW : -$0.51
PS Ratio CNMD : 0.79 QSIAW : 1.31
Total Revenue (TTM) CNMD : $1.37B QSIAW : $1.85M
Gross Profit (TTM) CNMD : $756.17M QSIAW : -$3.71M
EBITDA (TTM) CNMD : $188.54M QSIAW : -$104.05M

Return for Risk

CNMD vs. QSIAW — Risk / Return Rank

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

CNMD

CNMD Risk / Return Rank: 8
CNMD Sharpe Ratio Rank: 5
CNMD Sortino Ratio Rank: 8
CNMD Omega Ratio Rank: 9
CNMD Calmar Ratio Rank: 9
CNMD Martin Ratio Rank: 8

QSIAW

QSIAW Risk / Return Rank: 8
QSIAW Sharpe Ratio Rank: 20
QSIAW Sortino Ratio Rank: 6
QSIAW Omega Ratio Rank: 8
QSIAW Calmar Ratio Rank: 1
QSIAW Martin Ratio Rank: 7

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.

CNMD vs. QSIAW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CONMED Corporation (CNMD) and Quantum-Si incorporated (QSIAW). 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.

	CNMD	QSIAW	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	-0.49	-0.47
Sortino ratio: Return per unit of downside risk	-1.32	-1.43	+0.10
Omega ratio: Gain probability vs. loss probability	0.85	0.83	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.86	-1.00	+0.14
Martin ratio: Return relative to average drawdown	-1.39	-1.46	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNMD vs. QSIAW - Sharpe Ratio Comparison

The current CNMD Sharpe Ratio is -0.96, which is lower than the QSIAW Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of CNMD and QSIAW, 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

	CNMD	QSIAW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.96	-0.49	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	-0.31	+0.54

Drawdowns

CNMD vs. QSIAW - Drawdown Comparison

The maximum CNMD drawdown since its inception was -78.13%, smaller than the maximum QSIAW drawdown of -99.71%. Use the drawdown chart below to compare losses from any high point for CNMD and QSIAW.

Drawdown Indicators

	CNMD	QSIAW	Difference
Max Drawdown Largest peak-to-trough decline	-78.13%	-99.71%	+21.58%
Max Drawdown (1Y) Largest decline over 1 year	-43.90%	-98.50%	+54.60%
Max Drawdown (3Y) Largest decline over 3 years	-75.14%	-99.44%	+24.30%
Max Drawdown (5Y) Largest decline over 5 years	-78.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-78.13%	—	—
Current Drawdown Current decline from peak	-76.76%	-99.71%	+22.95%
Average Drawdown Average peak-to-trough decline	-26.37%	-84.79%	+58.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.92%	68.05%	-41.13%

Volatility

CNMD vs. QSIAW - Volatility Comparison

The current volatility for CONMED Corporation (CNMD) is 12.14%, while Quantum-Si incorporated (QSIAW) has a volatility of 97.29%. This indicates that CNMD experiences smaller price fluctuations and is considered to be less risky than QSIAW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNMD	QSIAW	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.14%	97.29%	-85.15%
Volatility (6M) Calculated over the trailing 6-month period	29.35%	158.17%	-128.82%
Volatility (1Y) Calculated over the trailing 1-year period	39.07%	202.25%	-163.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.42%	213.09%	-173.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.18%	213.09%	-173.91%

Dividends

CNMD vs. QSIAW - Dividend Comparison

CNMD's dividend yield for the trailing twelve months is around 1.14%, while QSIAW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNMD CONMED Corporation	1.14%	1.48%	1.17%	0.73%	0.90%	0.56%	0.71%	0.72%	1.25%	1.57%	1.81%	1.82%
QSIAW Quantum-Si incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CNMD and QSIAW in my portfolio?

CNMD and QSIAW have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CNMD or QSIAW?

QSIAW has higher volatility (97.29%) compared to CNMD (12.14%). In terms of maximum drawdown, CNMD dropped -78.13% vs QSIAW's -99.71%.

Which has better risk-adjusted returns?

QSIAW currently has the higher Sharpe Ratio (-0.49 vs -0.96), 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.