CODX vs. MUSA
CODX (Co-Diagnostics, Inc.) and MUSA (Murphy USA Inc.) are both stocks. CODX operates in Diagnostics & Research (Healthcare), while MUSA operates in Specialty Retail (Consumer Cyclical). Over the past 5 years, CODX returned -53.02%/yr vs 32.16%/yr for MUSA. At a 0.03 correlation, their price movements are largely independent.
Performance
CODX vs. MUSA - Performance Comparison
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Returns By Period
In the year-to-date period, CODX achieves a 13.88% return, which is significantly lower than MUSA's 34.13% return.
CODX
- 1D
- 11.41%
- 1M
- 262.26%
- YTD
- 13.88%
- 6M
- -50.32%
- 1Y
- -33.49%
- 3Y*
- -43.06%
- 5Y*
- -53.02%
- 10Y*
- —
MUSA
- 1D
- -0.44%
- 1M
- -10.61%
- YTD
- 34.13%
- 6M
- 36.00%
- 1Y
- 28.49%
- 3Y*
- 24.16%
- 5Y*
- 32.16%
- 10Y*
- 23.21%
CODX vs. MUSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CODX Co-Diagnostics, Inc. | 13.88% | -77.52% | -43.61% | -47.22% | -71.78% | -3.98% | 939.11% | -39.93% | -43.56% | -54.56% |
MUSA Murphy USA Inc. | 34.13% | -19.15% | 41.27% | 28.20% | 41.02% | 53.33% | 12.06% | 52.66% | -4.63% | 12.68% |
Correlation
The correlation between CODX and MUSA is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2017 | 0.03 |
Fundamentals
CODX:
$7.66M
MUSA:
$10.10B
CODX:
-$38.06
MUSA:
$28.85
CODX:
11.40
MUSA:
0.53
CODX:
0.37
MUSA:
15.33
CODX:
$622.49K
MUSA:
$19.68B
CODX:
$400.11K
MUSA:
$487.10M
CODX:
-$47.41M
MUSA:
$1.06B
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Return for Risk
CODX vs. MUSA — Risk / Return Rank
CODX
MUSA
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 ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.17 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 1.45 | -1.80 |
| Martin ratioReturn relative to average drawdown | -0.49 | 2.99 | -3.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CODX | MUSA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 0.75 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 1.07 | -1.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.77 | -0.96 |
Drawdowns
CODX vs. MUSA - Drawdown Comparison
The maximum CODX drawdown since its inception was -99.86%, 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.
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Drawdown Indicators
| CODX | MUSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -35.54% | -64.32% |
Max Drawdown (1Y)Largest decline over 1 year | -96.60% | -19.72% | -76.88% |
Max Drawdown (3Y)Largest decline over 3 years | -97.68% | -35.54% | -62.14% |
Max Drawdown (5Y)Largest decline over 5 years | -99.62% | -35.54% | -64.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -99.38% | -10.61% | -88.77% |
Average DrawdownAverage peak-to-trough decline | -76.55% | -9.98% | -66.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 69.15% | 9.56% | +59.59% |
Volatility
CODX vs. MUSA - Volatility Comparison
Co-Diagnostics, Inc. (CODX) has a higher volatility of 122.81% compared to Murphy USA Inc. (MUSA) at 8.93%. 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.
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Volatility by Period
| CODX | MUSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 122.81% | 8.93% | +113.88% |
Volatility (6M)Calculated over the trailing 6-month period | 189.08% | 28.83% | +160.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 350.04% | 38.09% | +311.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 172.33% | 30.12% | +142.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 171.75% | 31.18% | +140.57% |
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 0.45%.
| Position | 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. | 0.45% | 0.53% | 0.36% | 0.43% | 0.45% | 0.52% | 0.19% |
Financials
CODX vs. MUSA - Financials Comparison
This section allows you to compare key financial metrics between Co-Diagnostics, Inc. and Murphy USA Inc.. 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
CODX and MUSA have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CODX has higher volatility (122.81%) compared to MUSA (8.93%). In terms of maximum drawdown, CODX dropped -99.86% vs MUSA's -35.54%.
MUSA currently has the higher Sharpe Ratio (0.75 vs -0.10), 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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