ELMD vs. BYRN
ELMD (Electromed, Inc.) and BYRN (Byrna Technologies Inc.) are both stocks. ELMD operates in Medical Devices (Healthcare), while BYRN operates in Aerospace & Defense (Industrials). Over the past 10 years, ELMD returned 23.08%/yr vs 9.63%/yr for BYRN. At a 0.06 correlation, their price movements are largely independent.
Performance
ELMD vs. BYRN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ELMD achieves a 22.42% return, which is significantly higher than BYRN's -64.15% return. Over the past 10 years, ELMD has outperformed BYRN with an annualized return of 23.08%, while BYRN has yielded a comparatively lower 9.63% annualized return.
ELMD
- 1D
- -2.54%
- 1M
- 39.48%
- YTD
- 22.42%
- 6M
- 27.55%
- 1Y
- 74.07%
- 3Y*
- 44.52%
- 5Y*
- 26.65%
- 10Y*
- 23.08%
BYRN
- 1D
- -3.22%
- 1M
- 12.31%
- YTD
- -64.15%
- 6M
- -67.12%
- 1Y
- -77.29%
- 3Y*
- 7.10%
- 5Y*
- -23.97%
- 10Y*
- 9.63%
ELMD vs. BYRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELMD Electromed, Inc. | 22.42% | -1.46% | 170.85% | 4.00% | -19.31% | 32.52% | 13.41% | 69.94% | -16.14% | 56.44% |
BYRN Byrna Technologies Inc. | -64.15% | -41.72% | 350.86% | -18.49% | -41.27% | -7.93% | 663.16% | 26.67% | 7.14% | -30.00% |
Correlation
The correlation between ELMD and BYRN is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2011 | 0.06 |
The correlation between ELMD and BYRN shifts across timeframes, from 0.06 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ELMD:
$308.29M
BYRN:
$143.45M
ELMD:
$1.16
BYRN:
$0.37
ELMD:
30.64
BYRN:
16.36
ELMD:
4.31
BYRN:
1.19
ELMD:
6.27
BYRN:
2.16
ELMD:
$71.75M
BYRN:
$120.98M
ELMD:
$56.28M
BYRN:
$72.95M
ELMD:
$14.10M
BYRN:
$12.75M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ELMD vs. BYRN — Risk / Return Rank
ELMD
BYRN
ELMD vs. BYRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Electromed, Inc. (ELMD) and Byrna Technologies Inc. (BYRN). 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.
| ELMD | BYRN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | -1.02 | +2.43 |
Sortino ratioReturn per unit of downside risk | 2.27 | -2.02 | +4.29 |
Omega ratioGain probability vs. loss probability | 1.29 | 0.75 | +0.55 |
Calmar ratioReturn relative to maximum drawdown | 3.20 | -0.91 | +4.11 |
Martin ratioReturn relative to average drawdown | 6.48 | -1.45 | +7.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ELMD | BYRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | -1.02 | +2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | -0.33 | +0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.10 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.04 | +0.18 |
Drawdowns
ELMD vs. BYRN - Drawdown Comparison
The maximum ELMD drawdown since its inception was -78.65%, smaller than the maximum BYRN drawdown of -92.51%. Use the drawdown chart below to compare losses from any high point for ELMD and BYRN.
Loading charts...
Drawdown Indicators
| ELMD | BYRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.65% | -92.51% | +13.86% |
Max Drawdown (1Y)Largest decline over 1 year | -23.27% | -85.22% | +61.95% |
Max Drawdown (3Y)Largest decline over 3 years | -48.86% | -85.49% | +36.63% |
Max Drawdown (5Y)Largest decline over 5 years | -48.86% | -92.51% | +43.65% |
Max Drawdown (10Y)Largest decline over 10 years | -55.84% | -92.51% | +36.67% |
Current DrawdownCurrent decline from peak | -9.26% | -82.39% | +73.13% |
Average DrawdownAverage peak-to-trough decline | -33.81% | -52.32% | +18.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.47% | 53.47% | -42.00% |
Volatility
ELMD vs. BYRN - Volatility Comparison
Electromed, Inc. (ELMD) has a higher volatility of 26.12% compared to Byrna Technologies Inc. (BYRN) at 15.73%. This indicates that ELMD's price experiences larger fluctuations and is considered to be riskier than BYRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ELMD | BYRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.12% | 15.73% | +10.39% |
Volatility (6M)Calculated over the trailing 6-month period | 37.30% | 59.34% | -22.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.78% | 76.08% | -23.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.31% | 73.14% | -26.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.01% | 95.29% | -42.28% |
Dividends
ELMD vs. BYRN - Dividend Comparison
Neither ELMD nor BYRN has paid dividends to shareholders.
Financials
ELMD vs. BYRN - Financials Comparison
This section allows you to compare key financial metrics between Electromed, Inc. and Byrna Technologies Inc.. 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
ELMD vs. BYRN - Profitability Comparison
ELMD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Electromed, Inc. reported a gross profit of 14.64M and revenue of 18.58M. Therefore, the gross margin over that period was 78.8%.
BYRN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported a gross profit of 17.40M and revenue of 29.05M. Therefore, the gross margin over that period was 59.9%.
ELMD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Electromed, Inc. reported an operating income of 3.77M and revenue of 18.58M, resulting in an operating margin of 20.3%.
BYRN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported an operating income of 928.00K and revenue of 29.05M, resulting in an operating margin of 3.2%.
ELMD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Electromed, Inc. reported a net income of 3.00M and revenue of 18.58M, resulting in a net margin of 16.2%.
BYRN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Byrna Technologies Inc. reported a net income of 801.00K and revenue of 29.05M, resulting in a net margin of 2.8%.
Frequently Asked Questions
ELMD and BYRN have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELMD has higher volatility (26.12%) compared to BYRN (15.73%). In terms of maximum drawdown, ELMD dropped -78.65% vs BYRN's -92.51%.
ELMD currently has the higher Sharpe Ratio (1.41 vs -1.02), 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.
Find the right allocation for ELMD and BYRN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer