CODX vs. SIVR
CODX (Co-Diagnostics, Inc.) is a stock, while SIVR (abrdn Physical Silver Shares ETF) is Silver fund tracking the LBMA Silver Price ($/ozt). Over the past 5 years, CODX returned -65.70%/yr vs 17.49%/yr for SIVR. Their 0.11 correlation means their historical movements had little consistent relationship.
Performance
CODX vs. SIVR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CODX achieves a -71.53% return, which is significantly lower than SIVR's -18.61% 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%
SIVR
- 1D
- -2.08%
- 1M
- -4.79%
- 6M
- -30.49%
- YTD
- -18.61%
- 1Y
- 56.26%
- 3Y*
- 33.21%
- 5Y*
- 17.49%
- 10Y*
- 10.56%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $801.44K | $728.15K | $25.39M | |
| $49.50M | $48.83M | $86.59M |
CODX vs. SIVR - 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% |
SIVR abrdn Physical Silver Shares ETF | -18.61% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 6.79% |
Correlation
The correlation between CODX and SIVR is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2017 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CODX vs. SIVR — Risk / Return Rank
CODX
SIVR
CODX vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Co-Diagnostics, Inc. (CODX) and abrdn Physical Silver Shares ETF (SIVR). 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 | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 1.10 | -1.95 |
| Martin ratioReturn relative to average drawdown | -1.05 | 2.11 | -3.16 |
Loading charts...
Drawdowns
CODX vs. SIVR - Drawdown Comparison
The maximum CODX drawdown since its inception was -99.86%, which is greater than SIVR's maximum drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for CODX and SIVR.
Loading charts...
Drawdown Indicators
| CODX | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -75.85% | -24.01% |
Max Drawdown (1Y)Largest decline over 1 year | -96.60% | -52.27% | -44.33% |
Max Drawdown (3Y)Largest decline over 3 years | -97.55% | -52.27% | -45.28% |
Max Drawdown (5Y)Largest decline over 5 years | -99.62% | -52.27% | -47.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.27% | — |
Current DrawdownCurrent decline from peak | -99.84% | -50.35% | -49.49% |
Average DrawdownAverage peak-to-trough decline | -76.96% | -47.84% | -29.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.89% | 27.28% | +50.61% |
Volatility
CODX vs. SIVR - Volatility Comparison
Co-Diagnostics, Inc. (CODX) has a higher volatility of 38.23% compared to abrdn Physical Silver Shares ETF (SIVR) at 11.28%. This indicates that CODX's price experiences larger fluctuations and is considered to be riskier than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CODX | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.23% | 11.28% | +26.95% |
Volatility (6M)Calculated over the trailing 6-month period | 163.45% | 55.47% | +107.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 352.99% | 61.33% | +291.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 173.06% | 37.00% | +136.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 171.02% | 32.26% | +138.76% |
Dividends
CODX vs. SIVR - Dividend Comparison
Neither CODX nor SIVR has paid dividends to shareholders.
Frequently Asked Questions
CODX and SIVR have a correlation of 0.07, 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 SIVR (11.28%). In terms of maximum drawdown, CODX dropped -99.86% vs SIVR's -75.85%.
SIVR currently has the higher Sharpe Ratio (0.94 vs -0.23), 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.
Find the right allocation for CODX and SIVR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer