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CODX vs. RTX
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

CODX vs. RTX - Performance Comparison

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

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CODX vs. RTX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
CODX
Co-Diagnostics, Inc.
-63.23%-77.52%-43.61%-47.22%-71.78%-3.98%939.11%-39.93%-43.56%-54.56%
RTX
Raytheon Technologies Corporation
5.53%61.44%40.76%-14.44%20.01%23.27%-7.70%43.82%-14.66%4.37%

Fundamentals

Market Cap

CODX:

$70.48M

RTX:

$262.67B

EPS

CODX:

-$0.91

RTX:

$4.96

PS Ratio

CODX:

130.01

RTX:

2.95

PB Ratio

CODX:

1.77

RTX:

4.03

Total Revenue (TTM)

CODX:

$507.89K

RTX:

$88.60B

Gross Profit (TTM)

CODX:

$172.84K

RTX:

$17.79B

EBITDA (TTM)

CODX:

-$34.37M

RTX:

$13.63B

Returns By Period

In the year-to-date period, CODX achieves a -63.23% return, which is significantly lower than RTX's 5.53% return.


CODX

1D
9.41%
1M
-19.13%
YTD
-63.23%
6M
-81.98%
1Y
-79.97%
3Y*
-65.27%
5Y*
-63.49%
10Y*

RTX

1D
3.07%
1M
-4.80%
YTD
5.53%
6M
16.12%
1Y
48.09%
3Y*
28.12%
5Y*
22.79%
10Y*
16.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

CODX vs. RTX — Risk / Return Rank

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

CODX
CODX Risk / Return Rank: 3636
Overall Rank
CODX Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
CODX Sortino Ratio Rank: 6161
Sortino Ratio Rank
CODX Omega Ratio Rank: 6464
Omega Ratio Rank
CODX Calmar Ratio Rank: 1010
Calmar Ratio Rank
CODX Martin Ratio Rank: 1313
Martin Ratio Rank

RTX
RTX Risk / Return Rank: 8888
Overall Rank
RTX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
RTX Sortino Ratio Rank: 8383
Sortino Ratio Rank
RTX Omega Ratio Rank: 8787
Omega Ratio Rank
RTX Calmar Ratio Rank: 8888
Calmar Ratio Rank
RTX Martin Ratio Rank: 9494
Martin Ratio Rank
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. RTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Co-Diagnostics, Inc. (CODX) and Raytheon Technologies Corporation (RTX). 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.


CODXRTXDifference

Sharpe ratio

Return per unit of total volatility

-0.25

1.73

-1.98

Sortino ratio

Return per unit of downside risk

1.23

2.25

-1.02

Omega ratio

Gain probability vs. loss probability

1.18

1.35

-0.17

Calmar ratio

Return relative to maximum drawdown

-0.84

3.36

-4.20

Martin ratio

Return relative to average drawdown

-1.38

14.15

-15.52

CODX vs. RTX - Sharpe Ratio Comparison

The current CODX Sharpe Ratio is -0.25, which is lower than the RTX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of CODX and RTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


CODXRTXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.25

1.73

-1.98

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.40

0.97

-1.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.24

0.44

-0.69

Correlation

The correlation between CODX and RTX is 0.04, 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. RTX - Dividend Comparison

CODX has not paid dividends to shareholders, while RTX's dividend yield for the trailing twelve months is around 1.41%.


TTM20252024202320222021202020192018201720162015
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%
RTX
Raytheon Technologies Corporation
1.41%1.46%2.14%2.76%2.14%2.33%21.21%1.96%2.66%2.13%2.39%2.66%

Drawdowns

CODX vs. RTX - Drawdown Comparison

The maximum CODX drawdown since its inception was -99.82%, which is greater than RTX's maximum drawdown of -55.14%. Use the drawdown chart below to compare losses from any high point for CODX and RTX.


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Drawdown Indicators


CODXRTXDifference

Max Drawdown

Largest peak-to-trough decline

-99.82%

-55.14%

-44.68%

Max Drawdown (1Y)

Largest decline over 1 year

-95.50%

-14.57%

-80.93%

Max Drawdown (5Y)

Largest decline over 5 years

-99.50%

-32.84%

-66.66%

Max Drawdown (10Y)

Largest decline over 10 years

-51.98%

Current Drawdown

Current decline from peak

-99.80%

-9.08%

-90.72%

Average Drawdown

Average peak-to-trough decline

-76.07%

-13.03%

-63.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

58.61%

3.46%

+55.15%

Volatility

CODX vs. RTX - Volatility Comparison

Co-Diagnostics, Inc. (CODX) has a higher volatility of 88.88% compared to Raytheon Technologies Corporation (RTX) at 7.24%. This indicates that CODX's price experiences larger fluctuations and is considered to be riskier than RTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


CODXRTXDifference

Volatility (1M)

Calculated over the trailing 1-month period

88.88%

7.24%

+81.64%

Volatility (6M)

Calculated over the trailing 6-month period

210.77%

18.20%

+192.57%

Volatility (1Y)

Calculated over the trailing 1-year period

321.41%

27.98%

+293.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

160.07%

23.54%

+136.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

166.37%

27.57%

+138.80%

Financials

CODX vs. RTX - Financials Comparison

This section allows you to compare key financial metrics between Co-Diagnostics, Inc. and Raytheon Technologies Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.005.00B10.00B15.00B20.00B25.00BAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
145.38K
24.24B
(CODX) Total Revenue
(RTX) Total Revenue
Values in USD except per share items