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 -58.46%/yr vs 69.97%/yr for RNMBY. At a 0.06 correlation, their price movements are largely independent.
Performance
CODX vs. RNMBY - Performance Comparison
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Returns By Period
In the year-to-date period, CODX achieves a -36.14% return, which is significantly lower than RNMBY's -26.38% return.
CODX
- 1D
- 3.53%
- 1M
- -36.29%
- YTD
- -36.14%
- 6M
- -56.09%
- 1Y
- -57.81%
- 3Y*
- -53.91%
- 5Y*
- -58.46%
- 10Y*
- —
RNMBY
- 1D
- -1.73%
- 1M
- -6.10%
- YTD
- -26.38%
- 6M
- -26.15%
- 1Y
- -32.76%
- 3Y*
- 69.95%
- 5Y*
- 69.97%
- 10Y*
- 37.69%
CODX vs. RNMBY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CODX Co-Diagnostics, Inc. | -36.14% | -77.52% | -43.61% | -47.22% | -71.78% | -3.98% | 939.11% | -39.93% | -43.56% | -56.00% |
RNMBY Rheinmetall AG ADR | -26.38% | 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 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2017 | 0.06 |
The correlation between CODX and RNMBY shifts across timeframes, from 0.06 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CODX:
$4.30M
RNMBY:
$62.14B
CODX:
-$38.06
RNMBY:
€3.56
CODX:
6.39
RNMBY:
4.92
CODX:
0.21
RNMBY:
10.18
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 | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.90 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.75 | +0.15 |
| Martin ratioReturn relative to average drawdown | -0.81 | -1.54 | +0.73 |
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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% | -44.06% | -52.54% |
Max Drawdown (3Y)Largest decline over 3 years | -97.68% | -44.06% | -53.62% |
Max Drawdown (5Y)Largest decline over 5 years | -99.62% | -44.06% | -55.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -67.75% | — |
Current DrawdownCurrent decline from peak | -99.65% | -42.50% | -57.15% |
Average DrawdownAverage peak-to-trough decline | -76.68% | -16.78% | -59.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.72% | 21.36% | +50.36% |
Volatility
CODX vs. RNMBY - Volatility Comparison
Co-Diagnostics, Inc. (CODX) has a higher volatility of 101.37% compared to Rheinmetall AG ADR (RNMBY) at 10.66%. 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 | 101.37% | 10.66% | +90.71% |
Volatility (6M)Calculated over the trailing 6-month period | 188.94% | 33.61% | +155.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 351.15% | 45.70% | +305.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 172.80% | 44.81% | +127.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 171.52% | 41.50% | +130.02% |
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 1.02%.
| 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 | 1.02% | 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 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CODX has higher volatility (101.37%) compared to RNMBY (10.66%). In terms of maximum drawdown, CODX dropped -99.86% vs RNMBY's -67.75%.
CODX currently has the higher Sharpe Ratio (-0.17 vs -0.72), 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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