CODX vs. RNMBY
CODX (Co-Diagnostics, Inc.) and RNMBY (Rheinmetall AG ADR) are both stocks. CODX operates in Diagnostics & Research (Healthcare), while RNMBY operates in Aerospace & Defense (Industrials). Over the past 5 years, CODX returned -65.70%/yr vs 71.11%/yr for RNMBY. Their 0.05 correlation means their historical movements had little consistent relationship.
Performance
CODX vs. RNMBY - Performance Comparison
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Returns By Period
In the year-to-date period, CODX achieves a -71.53% return, which is significantly lower than RNMBY's -27.26% return.
CODX
- 1D
- -7.69%
- 1M
- -51.84%
- 6M
- -39.46%
- YTD
- -71.53%
- 1Y
- -80.66%
- 3Y*
- -67.55%
- 5Y*
- -65.70%
- 10Y*
- —
- ALL TIME*
- -41.34%
RNMBY
- 1D
- -0.98%
- 1M
- 3.70%
- 6M
- -36.90%
- YTD
- -27.26%
- 1Y
- -32.52%
- 3Y*
- 67.41%
- 5Y*
- 71.11%
- 10Y*
- 36.17%
- ALL TIME*
- 30.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $801.44K | $728.15K | $25.39M | |
RNMBY Rheinmetall AG ADR | $13.82M | $17.27M | $25.26M |
CODX vs. RNMBY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CODX Co-Diagnostics, Inc. | -71.53% | -77.52% | -43.61% | -47.22% | -71.78% | -3.98% | 939.11% | -39.93% | -43.56% | -56.00% |
RNMBY Rheinmetall AG ADR | -27.26% | 190.28% | 99.83% | 63.35% | 122.00% | -13.84% | -2.03% | 28.14% | -29.38% | 29.71% |
Correlation
The correlation between CODX and RNMBY is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2017 | 0.05 |
The correlation between CODX and RNMBY shifts across timeframes, from 0.05 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CODX:
$1.61M
RNMBY:
$61.24B
CODX:
-$36.17
RNMBY:
€3.74
CODX:
3.00
RNMBY:
4.59
CODX:
0.09
RNMBY:
9.98
CODX:
$622.49K
RNMBY:
€9.58B
CODX:
$400.11K
RNMBY:
€4.12B
CODX:
-$47.41M
RNMBY:
€1.81B
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Return for Risk
CODX vs. RNMBY — Risk / Return Rank
CODX
RNMBY
CODX vs. RNMBY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Co-Diagnostics, Inc. (CODX) and Rheinmetall AG ADR (RNMBY). 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.
| CODX | RNMBY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.91 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.61 | -0.23 |
| Martin ratioReturn relative to average drawdown | -1.05 | -1.23 | +0.19 |
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Drawdowns
CODX vs. RNMBY - Drawdown Comparison
The maximum CODX drawdown since its inception was -99.86%, which is greater than RNMBY's maximum drawdown of -67.75%. Use the drawdown chart below to compare losses from any high point for CODX and RNMBY.
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Drawdown Indicators
| CODX | RNMBY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -67.75% | -32.11% |
Max Drawdown (1Y)Largest decline over 1 year | -96.60% | -53.78% | -42.82% |
Max Drawdown (3Y)Largest decline over 3 years | -97.55% | -53.78% | -43.77% |
Max Drawdown (5Y)Largest decline over 5 years | -99.62% | -53.78% | -45.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.75% | — |
Current DrawdownCurrent decline from peak | -99.84% | -43.19% | -56.65% |
Average DrawdownAverage peak-to-trough decline | -76.96% | -17.03% | -59.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.89% | 26.54% | +51.35% |
Volatility
CODX vs. RNMBY - Volatility Comparison
Co-Diagnostics, Inc. (CODX) has a higher volatility of 38.23% compared to Rheinmetall AG ADR (RNMBY) at 12.96%. This indicates that CODX's price experiences larger fluctuations and is considered to be riskier than RNMBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CODX | RNMBY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.23% | 12.96% | +25.27% |
Volatility (6M)Calculated over the trailing 6-month period | 163.45% | 40.28% | +123.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 352.99% | 49.84% | +303.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 173.06% | 45.92% | +127.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 171.02% | 41.89% | +129.13% |
Dividends
CODX vs. RNMBY - Dividend Comparison
CODX has not paid dividends to shareholders, while RNMBY's dividend yield for the trailing twelve months is around 1.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CODX Co-Diagnostics, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RNMBY Rheinmetall AG ADR | 1.03% | 0.49% | 0.96% | 1.46% | 1.82% | 1.72% | 1.56% | 1.36% | 1.47% | 2.06% | 2.97% | 0.53% |
Financials
CODX vs. RNMBY - Financials Comparison
This section allows you to compare key financial metrics between Co-Diagnostics, Inc. and Rheinmetall AG ADR. 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 RNMBY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CODX has higher volatility (38.23%) compared to RNMBY (12.96%). In terms of maximum drawdown, CODX dropped -99.86% vs RNMBY's -67.75%.
CODX currently has the higher Sharpe Ratio (-0.23 vs -0.66), 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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