CODX vs. TRTN-PB

Last updated Jun 4, 2026

CODX (Co-Diagnostics, Inc.) and TRTN-PB (Triton International Ltd) are both stocks. CODX operates in Diagnostics & Research (Healthcare), while TRTN-PB operates in Rental & Leasing Services (Industrials). Over the past 5 years, CODX returned -54.03%/yr vs 5.99%/yr for TRTN-PB. At a 0.06 correlation, their price movements are largely independent.

Performance

CODX vs. TRTN-PB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Co-Diagnostics, Inc. (CODX) and Triton International Ltd (TRTN-PB). 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-PB's 3.41% 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-PB

• 1D: 0.04%
• 1M: 0.81%
• YTD: 3.41%
• 6M: 3.14%
• 1Y: 13.09%
• 3Y*: 9.10%
• 5Y*: 5.99%
• 10Y*: —

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

CODX vs. TRTN-PB - 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%	20.95%
TRTN-PB Triton International Ltd	3.41%	8.50%	9.14%	8.21%	-1.49%	10.25%	6.73%	12.39%

Correlation

The correlation between CODX and TRTN-PB is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019	0.06

Fundamentals

Market Cap CODX : $6.88M TRTN-PB : $2.59B
EPS CODX : -$38.06 TRTN-PB : $4.65
PS Ratio CODX : 10.23 TRTN-PB : 1.92
PB Ratio CODX : 0.33 TRTN-PB : 1.62
Total Revenue (TTM) CODX : $622.49K TRTN-PB : $1.35B
Gross Profit (TTM) CODX : $400.11K TRTN-PB : $872.64M
EBITDA (TTM) CODX : -$47.41M TRTN-PB : $1.11B

Return for Risk

CODX vs. TRTN-PB — 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-PB

TRTN-PB Risk / Return Rank: 90
TRTN-PB Sharpe Ratio Rank: 87
TRTN-PB Sortino Ratio Rank: 87
TRTN-PB Omega Ratio Rank: 87
TRTN-PB Calmar Ratio Rank: 95
TRTN-PB Martin Ratio Rank: 96

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-PB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Co-Diagnostics, Inc. (CODX) and Triton International Ltd (TRTN-PB). 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-PB	Difference
Sharpe ratio Return per unit of total volatility	-0.11	1.92	-2.03
Sortino ratio Return per unit of downside risk	2.58	2.91	-0.33
Omega ratio Gain probability vs. loss probability	1.37	1.39	-0.01
Calmar ratio Return relative to maximum drawdown	-0.41	7.17	-7.58
Martin ratio Return relative to average drawdown	-0.57	23.06	-23.63
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-PB - Sharpe Ratio Comparison

The current CODX Sharpe Ratio is -0.11, which is lower than the TRTN-PB Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of CODX and TRTN-PB, 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-PB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	1.92	-2.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	0.50	-0.82
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.34	-0.53

Drawdowns

CODX vs. TRTN-PB - Drawdown Comparison

The maximum CODX drawdown since its inception was -99.86%, which is greater than TRTN-PB's maximum drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for CODX and TRTN-PB.

Drawdown Indicators

	CODX	TRTN-PB	Difference
Max Drawdown Largest peak-to-trough decline	-99.86%	-60.61%	-39.25%
Max Drawdown (1Y) Largest decline over 1 year	-96.60%	-1.83%	-94.77%
Max Drawdown (3Y) Largest decline over 3 years	-97.68%	-9.41%	-88.27%
Max Drawdown (5Y) Largest decline over 5 years	-99.62%	-12.40%	-87.22%
Current Drawdown Current decline from peak	-99.44%	-0.16%	-99.28%
Average Drawdown Average peak-to-trough decline	-76.54%	-3.06%	-73.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.94%	0.57%	+68.37%

Volatility

CODX vs. TRTN-PB - Volatility Comparison

Co-Diagnostics, Inc. (CODX) has a higher volatility of 122.80% compared to Triton International Ltd (TRTN-PB) at 1.38%. This indicates that CODX's price experiences larger fluctuations and is considered to be riskier than TRTN-PB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CODX	TRTN-PB	Difference
Volatility (1M) Calculated over the trailing 1-month period	122.80%	1.38%	+121.42%
Volatility (6M) Calculated over the trailing 6-month period	188.76%	3.51%	+185.25%
Volatility (1Y) Calculated over the trailing 1-year period	349.97%	6.85%	+343.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	172.26%	11.99%	+160.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	171.74%	24.37%	+147.37%

Dividends

CODX vs. TRTN-PB - Dividend Comparison

CODX has not paid dividends to shareholders, while TRTN-PB's dividend yield for the trailing twelve months is around 7.82%.

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-PB Triton International Ltd	7.82%	7.93%	7.95%	8.02%	8.00%	7.30%	7.49%	3.51%

Financials

Frequently Asked Questions

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

CODX and TRTN-PB have a correlation of 0.02, 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-PB?

CODX has higher volatility (122.80%) compared to TRTN-PB (1.38%). In terms of maximum drawdown, CODX dropped -99.86% vs TRTN-PB's -60.61%.

Which has better risk-adjusted returns?

TRTN-PB currently has the higher Sharpe Ratio (1.92 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.