CODX vs. TRTN-PB
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 -65.70%/yr vs 5.87%/yr for TRTN-PB. Their 0.06 correlation means their historical movements had little consistent relationship.
Performance
CODX vs. TRTN-PB - Performance Comparison
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Returns By Period
In the year-to-date period, CODX achieves a -71.53% return, which is significantly lower than TRTN-PB's 4.69% 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%
TRTN-PB
- 1D
- 0.50%
- 1M
- -0.35%
- 6M
- 4.15%
- YTD
- 4.69%
- 1Y
- 8.93%
- 3Y*
- 9.86%
- 5Y*
- 5.87%
- 10Y*
- —
- ALL TIME*
- 8.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $801.44K | $728.15K | $25.39M | |
TRTN-PB Triton International Ltd | $126.99K | $142.10K | $189.84K |
CODX vs. TRTN-PB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CODX Co-Diagnostics, Inc. | -71.53% | -77.52% | -43.61% | -47.22% | -71.78% | -3.98% | 939.11% | 13.01% |
TRTN-PB Triton International Ltd | 4.69% | 8.50% | 9.14% | 8.21% | -1.49% | 10.25% | 6.73% | 13.02% |
Correlation
The correlation between CODX and TRTN-PB is -0.02, 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. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.06 |
The correlation between CODX and TRTN-PB shifts across timeframes, from -0.02 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CODX:
$1.61M
TRTN-PB:
$2.57B
CODX:
-$36.17
TRTN-PB:
$4.65
CODX:
3.00
TRTN-PB:
1.90
CODX:
0.09
TRTN-PB:
1.61
CODX:
$622.49K
TRTN-PB:
$1.35B
CODX:
$400.11K
TRTN-PB:
$872.64M
CODX:
-$47.41M
TRTN-PB:
$1.11B
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Return for Risk
CODX vs. TRTN-PB — Risk / Return Rank
CODX
TRTN-PB
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.
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 | TRTN-PB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 5.52 | -6.37 |
| Martin ratioReturn relative to average drawdown | -1.05 | 16.01 | -17.05 |
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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.
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Drawdown Indicators
| CODX | TRTN-PB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -60.61% | -39.25% |
Max Drawdown (1Y)Largest decline over 1 year | -96.60% | -1.61% | -94.99% |
Max Drawdown (3Y)Largest decline over 3 years | -97.55% | -5.34% | -92.21% |
Max Drawdown (5Y)Largest decline over 5 years | -99.62% | -11.86% | -87.76% |
Current DrawdownCurrent decline from peak | -99.84% | -0.51% | -99.33% |
Average DrawdownAverage peak-to-trough decline | -76.96% | -3.00% | -73.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.89% | 0.55% | +77.34% |
Volatility
CODX vs. TRTN-PB - Volatility Comparison
Co-Diagnostics, Inc. (CODX) has a higher volatility of 38.23% compared to Triton International Ltd (TRTN-PB) at 2.03%. 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.
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Volatility by Period
| CODX | TRTN-PB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.23% | 2.03% | +36.20% |
Volatility (6M)Calculated over the trailing 6-month period | 163.45% | 3.80% | +159.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 352.99% | 5.83% | +347.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 173.06% | 11.87% | +161.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 171.02% | 24.11% | +146.91% |
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 7.88%.
| 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 | 7.88% | 7.93% | 7.95% | 8.02% | 8.00% | 7.30% | 7.49% | 3.51% |
Financials
CODX vs. TRTN-PB - Financials Comparison
This section allows you to compare key financial metrics between Co-Diagnostics, Inc. and Triton International Ltd. 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 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.
CODX has higher volatility (38.23%) compared to TRTN-PB (2.03%). In terms of maximum drawdown, CODX dropped -99.86% vs TRTN-PB's -60.61%.
TRTN-PB currently has the higher Sharpe Ratio (1.52 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.
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