CODX vs. MUSA

Last updated Apr 2, 2026

Compare and contrast key facts about Co-Diagnostics, Inc. (CODX) and Murphy USA Inc. (MUSA).

Performance

CODX vs. MUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Co-Diagnostics, Inc. (CODX) and Murphy USA Inc. (MUSA). The values are adjusted to include any dividend payments, if applicable.

CODX vs. MUSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CODX Co-Diagnostics, Inc.	-67.97%	-77.52%	-43.61%	-47.22%	-71.78%	-3.98%	939.11%	-39.93%	-43.56%	-54.56%
MUSA Murphy USA Inc.	22.82%	-19.15%	41.27%	28.20%	41.02%	53.33%	12.06%	52.66%	-4.63%	12.68%

Fundamentals

Market Cap CODX : $2.15M MUSA : $9.32B
EPS CODX : -$38.06 MUSA : $24.32
PS Ratio CODX : 3.21 MUSA : 0.49
PB Ratio CODX : 0.10 MUSA : 14.95
Total Revenue (TTM) CODX : $622.49K MUSA : $19.38B
Gross Profit (TTM) CODX : $400.11K MUSA : $1.09B
EBITDA (TTM) CODX : -$47.41M MUSA : $940.50M

Returns By Period

In the year-to-date period, CODX achieves a -67.97% return, which is significantly lower than MUSA's 22.82% return.

CODX

• 1D: -12.90%
• 1M: -29.57%
• YTD: -67.97%
• 6M: -84.71%
• 1Y: -83.53%
• 3Y*: -66.83%
• 5Y*: -64.49%
• 10Y*: —

MUSA

• 1D: 0.17%
• 1M: 22.76%
• YTD: 22.82%
• 6M: 25.82%
• 1Y: 4.74%
• 3Y*: 24.84%
• 5Y*: 28.42%
• 10Y*: 23.45%

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

Return for Risk

CODX vs. MUSA — Risk / Return Rank

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

CODX

CODX Risk / Return Rank: 33
CODX Sharpe Ratio Rank: 28
CODX Sortino Ratio Rank: 56
CODX Omega Ratio Rank: 58
CODX Calmar Ratio Rank: 9
CODX Martin Ratio Rank: 11

MUSA

MUSA Risk / Return Rank: 42
MUSA Sharpe Ratio Rank: 45
MUSA Sortino Ratio Rank: 38
MUSA Omega Ratio Rank: 39
MUSA Calmar Ratio Rank: 46
MUSA 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.

CODX vs. MUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Co-Diagnostics, Inc. (CODX) and Murphy USA Inc. (MUSA). 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.

	CODX	MUSA	Difference
Sharpe ratio Return per unit of total volatility	-0.26	0.13	-0.39
Sortino ratio Return per unit of downside risk	1.06	0.40	+0.66
Omega ratio Gain probability vs. loss probability	1.15	1.06	+0.10
Calmar ratio Return relative to maximum drawdown	-0.86	0.19	-1.05
Martin ratio Return relative to average drawdown	-1.40	0.28	-1.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CODX vs. MUSA - Sharpe Ratio Comparison

The current CODX Sharpe Ratio is -0.26, which is lower than the MUSA Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of CODX and MUSA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CODX	MUSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	0.13	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.40	0.98	-1.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	0.76	-1.01

Correlation

The correlation between CODX and MUSA is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CODX vs. MUSA - Dividend Comparison

CODX has not paid dividends to shareholders, while MUSA's dividend yield for the trailing twelve months is around 0.46%.

	TTM	2025	2024	2023	2022	2021	2020
CODX Co-Diagnostics, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MUSA Murphy USA Inc.	0.46%	0.53%	0.36%	0.43%	0.45%	0.52%	0.19%

Drawdowns

CODX vs. MUSA - Drawdown Comparison

The maximum CODX drawdown since its inception was -99.82%, which is greater than MUSA's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for CODX and MUSA.

Drawdown Indicators

	CODX	MUSA	Difference
Max Drawdown Largest peak-to-trough decline	-99.82%	-35.54%	-64.28%
Max Drawdown (1Y) Largest decline over 1 year	-95.71%	-31.25%	-64.46%
Max Drawdown (5Y) Largest decline over 5 years	-99.53%	-35.54%	-63.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.54%	—
Current Drawdown Current decline from peak	-99.82%	-10.30%	-89.52%
Average Drawdown Average peak-to-trough decline	-76.09%	-10.02%	-66.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	58.92%	21.30%	+37.62%

Volatility

CODX vs. MUSA - Volatility Comparison

Co-Diagnostics, Inc. (CODX) has a higher volatility of 89.79% compared to Murphy USA Inc. (MUSA) at 8.94%. This indicates that CODX's price experiences larger fluctuations and is considered to be riskier than MUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CODX	MUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	89.79%	8.94%	+80.85%
Volatility (6M) Calculated over the trailing 6-month period	211.06%	25.71%	+185.35%
Volatility (1Y) Calculated over the trailing 1-year period	321.67%	36.58%	+285.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	160.17%	29.10%	+131.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	166.40%	30.89%	+135.51%

Financials