CODX vs. XRP-USD
CODX (Co-Diagnostics, Inc.) is a stock, while XRP-USD (XRP) is a cryptocurrency. Over the past 5 years, CODX returned -58.97%/yr vs 11.48%/yr for XRP-USD. At a 0.08 correlation, their price movements are largely independent.
Performance
CODX vs. XRP-USD - Performance Comparison
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Returns By Period
In the year-to-date period, CODX achieves a -48.40% return, which is significantly lower than XRP-USD's -41.91% return.
CODX
- 1D
- 0.00%
- 1M
- -39.16%
- 6M
- -56.35%
- YTD
- -48.40%
- 1Y
- -65.20%
- 3Y*
- -59.91%
- 5Y*
- -58.97%
- 10Y*
- —
XRP-USD
- 1D
- -1.58%
- 1M
- -7.14%
- 6M
- -47.94%
- YTD
- -41.91%
- 1Y
- -62.35%
- 3Y*
- 14.13%
- 5Y*
- 11.48%
- 10Y*
- —
CODX vs. XRP-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CODX Co-Diagnostics, Inc. | -48.40% | -77.52% | -43.61% | -47.22% | -71.78% | -3.98% | 939.11% | -39.93% | -43.56% | -56.00% |
XRP-USD XRP | -41.91% | -11.56% | 237.88% | 81.04% | -59.10% | 278.06% | 13.98% | -45.31% | -84.67% | 1,198.94% |
Correlation
The correlation between CODX and XRP-USD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2017 | 0.08 |
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Return for Risk
CODX vs. XRP-USD — Risk / Return Rank
CODX
XRP-USD
CODX vs. XRP-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Co-Diagnostics, Inc. (CODX) and XRP (XRP-USD). 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 | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.84 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.88 | +0.20 |
| Martin ratioReturn relative to average drawdown | -0.87 | -1.29 | +0.42 |
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Drawdowns
CODX vs. XRP-USD - Drawdown Comparison
The maximum CODX drawdown since its inception was -99.86%, roughly equal to the maximum XRP-USD drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for CODX and XRP-USD.
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Drawdown Indicators
| CODX | XRP-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -95.87% | -3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -96.60% | -70.77% | -25.83% |
Max Drawdown (3Y)Largest decline over 3 years | -97.68% | -70.77% | -26.91% |
Max Drawdown (5Y)Largest decline over 5 years | -99.62% | -77.83% | -21.79% |
Current DrawdownCurrent decline from peak | -99.72% | -69.93% | -29.79% |
Average DrawdownAverage peak-to-trough decline | -76.82% | -70.97% | -5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.70% | 40.18% | +34.52% |
Volatility
CODX vs. XRP-USD - Volatility Comparison
Co-Diagnostics, Inc. (CODX) has a higher volatility of 29.36% compared to XRP (XRP-USD) at 11.79%. This indicates that CODX's price experiences larger fluctuations and is considered to be riskier than XRP-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CODX | XRP-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.36% | 11.79% | +17.57% |
Volatility (6M)Calculated over the trailing 6-month period | 188.06% | 43.96% | +144.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 352.08% | 55.41% | +296.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 172.99% | 71.25% | +101.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 171.17% | 111.33% | +59.84% |
Frequently Asked Questions
CODX and XRP-USD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CODX has higher volatility (29.36%) compared to XRP-USD (11.79%). In terms of maximum drawdown, CODX dropped -99.86% vs XRP-USD's -95.87%.
CODX currently has the higher Sharpe Ratio (-0.19 vs -0.94), 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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