CODX vs. TRTN-PA

Last updated Jun 4, 2026

CODX (Co-Diagnostics, Inc.) and TRTN-PA (Triton International Ltd) are both stocks. CODX operates in Diagnostics & Research (Healthcare), while TRTN-PA operates in Rental & Leasing Services (Industrials). Over the past 5 years, CODX returned -54.03%/yr vs 6.54%/yr for TRTN-PA. At a correlation of -0.01, they often move in opposite directions.

Performance

CODX vs. TRTN-PA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Co-Diagnostics, Inc. (CODX) and Triton International Ltd (TRTN-PA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CODX achieves a 2.21% return, which is significantly lower than TRTN-PA's 3.14% return.

CODX

• 1D: -16.88%
• 1M: 229.30%
• YTD: 2.21%
• 6M: -51.67%
• 1Y: -39.26%
• 3Y*: -45.93%
• 5Y*: -54.03%
• 10Y*: —

TRTN-PA

• 1D: -0.61%
• 1M: 0.50%
• YTD: 3.14%
• 6M: 3.49%
• 1Y: 10.31%
• 3Y*: 8.59%
• 5Y*: 6.54%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CODX vs. TRTN-PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CODX Co-Diagnostics, Inc.	2.21%	-77.52%	-43.61%	-47.22%	-71.78%	-3.98%	939.11%	-25.42%
TRTN-PA Triton International Ltd	3.14%	9.17%	10.10%	8.47%	-0.37%	8.71%	7.39%	17.05%

Correlation

The correlation between CODX and TRTN-PA is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Mar 14, 2019	-0.01

The correlation between CODX and TRTN-PA shifts across timeframes, from -0.08 (3 years) to 0.03 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CODX : $6.88M TRTN-PA : $2.62B
EPS CODX : -$38.06 TRTN-PA : $4.65
PS Ratio CODX : 10.23 TRTN-PA : 1.94
PB Ratio CODX : 0.33 TRTN-PA : 1.64
Total Revenue (TTM) CODX : $622.49K TRTN-PA : $1.35B
Gross Profit (TTM) CODX : $400.11K TRTN-PA : $872.64M
EBITDA (TTM) CODX : -$47.41M TRTN-PA : $1.11B

Return for Risk

CODX vs. TRTN-PA — Risk / Return Rank

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

CODX

CODX Risk / Return Rank: 52
CODX Sharpe Ratio Rank: 36
CODX Sortino Ratio Rank: 83
CODX Omega Ratio Rank: 86
CODX Calmar Ratio Rank: 27
CODX Martin Ratio Rank: 30

TRTN-PA

TRTN-PA Risk / Return Rank: 81
TRTN-PA Sharpe Ratio Rank: 80
TRTN-PA Sortino Ratio Rank: 74
TRTN-PA Omega Ratio Rank: 75
TRTN-PA Calmar Ratio Rank: 85
TRTN-PA Martin Ratio Rank: 91

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. TRTN-PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Co-Diagnostics, Inc. (CODX) and Triton International Ltd (TRTN-PA). 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	TRTN-PA	Difference
Sharpe ratio Return per unit of total volatility	-0.11	1.40	-1.51
Sortino ratio Return per unit of downside risk	2.58	1.94	+0.65
Omega ratio Gain probability vs. loss probability	1.37	1.26	+0.11
Calmar ratio Return relative to maximum drawdown	-0.41	3.53	-3.94
Martin ratio Return relative to average drawdown	-0.57	13.19	-13.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CODX vs. TRTN-PA - Sharpe Ratio Comparison

The current CODX Sharpe Ratio is -0.11, which is lower than the TRTN-PA Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of CODX and TRTN-PA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CODX	TRTN-PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	1.40	-1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	0.75	-1.06
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.41	-0.60

Drawdowns

CODX vs. TRTN-PA - Drawdown Comparison

The maximum CODX drawdown since its inception was -99.86%, which is greater than TRTN-PA's maximum drawdown of -57.11%. Use the drawdown chart below to compare losses from any high point for CODX and TRTN-PA.

Drawdown Indicators

	CODX	TRTN-PA	Difference
Max Drawdown Largest peak-to-trough decline	-99.86%	-57.11%	-42.75%
Max Drawdown (1Y) Largest decline over 1 year	-96.60%	-2.93%	-93.67%
Max Drawdown (3Y) Largest decline over 3 years	-97.68%	-3.54%	-94.14%
Max Drawdown (5Y) Largest decline over 5 years	-99.62%	-7.48%	-92.14%
Current Drawdown Current decline from peak	-99.44%	-0.88%	-98.56%
Average Drawdown Average peak-to-trough decline	-76.54%	-2.32%	-74.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.94%	0.78%	+68.16%

Volatility

CODX vs. TRTN-PA - Volatility Comparison

Co-Diagnostics, Inc. (CODX) has a higher volatility of 122.80% compared to Triton International Ltd (TRTN-PA) at 2.11%. This indicates that CODX's price experiences larger fluctuations and is considered to be riskier than TRTN-PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CODX	TRTN-PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	122.80%	2.11%	+120.69%
Volatility (6M) Calculated over the trailing 6-month period	188.76%	5.16%	+183.60%
Volatility (1Y) Calculated over the trailing 1-year period	349.97%	7.42%	+342.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	172.26%	8.80%	+163.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	171.74%	21.36%	+150.38%

Dividends

CODX vs. TRTN-PA - Dividend Comparison

CODX has not paid dividends to shareholders, while TRTN-PA's dividend yield for the trailing twelve months is around 8.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CODX Co-Diagnostics, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TRTN-PA Triton International Ltd	8.21%	8.30%	8.33%	8.45%	8.43%	7.75%	7.81%	5.80%

Financials

Frequently Asked Questions

Can I hold both CODX and TRTN-PA in my portfolio?

CODX and TRTN-PA have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CODX or TRTN-PA?

CODX has higher volatility (122.80%) compared to TRTN-PA (2.11%). In terms of maximum drawdown, CODX dropped -99.86% vs TRTN-PA's -57.11%.

Which has better risk-adjusted returns?

TRTN-PA currently has the higher Sharpe Ratio (1.40 vs -0.11), 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.