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 -53.02%/yr vs 4.66%/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 13.88% return, which is significantly higher than XRP-USD's -36.95% return.
CODX
- 1D
- 11.41%
- 1M
- 262.26%
- YTD
- 13.88%
- 6M
- -50.32%
- 1Y
- -33.49%
- 3Y*
- -43.06%
- 5Y*
- -53.02%
- 10Y*
- —
XRP-USD
- 1D
- -3.33%
- 1M
- -17.93%
- YTD
- -36.95%
- 6M
- -44.69%
- 1Y
- -47.35%
- 3Y*
- 31.46%
- 5Y*
- 4.66%
- 10Y*
- —
CODX vs. XRP-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CODX Co-Diagnostics, Inc. | 13.88% | -77.52% | -43.61% | -47.22% | -71.78% | -3.98% | 939.11% | -39.93% | -43.56% | -54.56% |
XRP-USD XRP | -36.95% | -11.56% | 237.88% | 81.04% | -59.10% | 278.06% | 13.98% | -45.31% | -84.67% | 1,079.17% |
Correlation
The correlation between CODX and XRP-USD is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 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.
| CODX | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.91 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.70 | +0.36 |
| Martin ratioReturn relative to average drawdown | -0.49 | -1.11 | +0.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CODX | XRP-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | -0.70 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.05 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.54 | -0.73 |
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% | -67.36% | -29.24% |
Max Drawdown (3Y)Largest decline over 3 years | -97.68% | -67.36% | -30.32% |
Max Drawdown (5Y)Largest decline over 5 years | -99.62% | -77.83% | -21.79% |
Current DrawdownCurrent decline from peak | -99.38% | -67.36% | -32.02% |
Average DrawdownAverage peak-to-trough decline | -76.55% | -71.01% | -5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 69.15% | 43.26% | +25.89% |
Volatility
CODX vs. XRP-USD - Volatility Comparison
Co-Diagnostics, Inc. (CODX) has a higher volatility of 122.81% compared to XRP (XRP-USD) at 12.23%. 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 | 122.81% | 12.23% | +110.58% |
Volatility (6M)Calculated over the trailing 6-month period | 189.08% | 45.40% | +143.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 350.04% | 56.01% | +294.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 172.33% | 72.44% | +99.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 171.75% | 111.85% | +59.90% |
Frequently Asked Questions
CODX and XRP-USD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CODX has higher volatility (122.81%) compared to XRP-USD (12.23%). In terms of maximum drawdown, CODX dropped -99.86% vs XRP-USD's -95.87%.
CODX currently has the higher Sharpe Ratio (-0.10 vs -0.70), 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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