ERNA vs. GRDX
ERNA (Eterna Therapeutics Inc) and GRDX (GridAI Technologies Corp) are both stocks. Both operate in the Biotechnology industry within the Healthcare sector. Over the past 5 years, ERNA returned -85.57%/yr vs -86.33%/yr for GRDX. At a 0.11 correlation, their price movements are largely independent.
Performance
ERNA vs. GRDX - Performance Comparison
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Returns By Period
In the year-to-date period, ERNA achieves a -79.80% return, which is significantly lower than GRDX's -3.43% return.
ERNA
- 1D
- 2.19%
- 1M
- -7.55%
- 6M
- -81.50%
- YTD
- -79.80%
- 1Y
- -87.57%
- 3Y*
- -81.25%
- 5Y*
- -85.57%
- 10Y*
- -62.07%
GRDX
- 1D
- 8.17%
- 1M
- -14.61%
- 6M
- -3.64%
- YTD
- -3.43%
- 1Y
- 206.12%
- 3Y*
- -62.99%
- 5Y*
- -86.33%
- 10Y*
- —
ERNA vs. GRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERNA Eterna Therapeutics Inc | -79.80% | -72.79% | -83.62% | -44.25% | -96.14% | -6.92% | 1.82% | 12.82% | -53.68% | -50.47% |
GRDX GridAI Technologies Corp | -3.43% | 149.73% | -85.19% | -96.57% | -97.98% | -85.10% | -6.73% | -14.05% | -66.73% | -23.27% |
Correlation
The correlation between ERNA and GRDX is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2016 | 0.11 |
The correlation between ERNA and GRDX shifts across timeframes, from 0.05 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ERNA:
$1.90M
GRDX:
$15.13M
ERNA:
-$23.80
GRDX:
-$4.01
ERNA:
0.70
GRDX:
0.35
ERNA:
$0.00
GRDX:
$36.25K
ERNA:
-$69.00K
GRDX:
$0.00
ERNA:
-$11.25M
GRDX:
-$7.19M
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Return for Risk
ERNA vs. GRDX — Risk / Return Rank
ERNA
GRDX
ERNA vs. GRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eterna Therapeutics Inc (ERNA) and GridAI Technologies Corp (GRDX). 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.
| ERNA | GRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -3.87 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.30 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 3.25 | -4.19 |
| Martin ratioReturn relative to average drawdown | -1.38 | 5.40 | -6.77 |
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Drawdowns
ERNA vs. GRDX - Drawdown Comparison
The maximum ERNA drawdown since its inception was -100.00%, roughly equal to the maximum GRDX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ERNA and GRDX.
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Drawdown Indicators
| ERNA | GRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -100.00% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -93.32% | -64.39% | -28.93% |
Max Drawdown (3Y)Largest decline over 3 years | -99.67% | -98.75% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -100.00% | -100.00% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -100.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -86.18% | -79.99% | -6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 63.64% | 38.73% | +24.91% |
Volatility
ERNA vs. GRDX - Volatility Comparison
Eterna Therapeutics Inc (ERNA) and GridAI Technologies Corp (GRDX) have volatilities of 26.61% and 25.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERNA | GRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.61% | 25.84% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 130.04% | 83.06% | +46.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 151.77% | 148.36% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.08% | 140.53% | -26.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.04% | 118.42% | +30.62% |
Dividends
ERNA vs. GRDX - Dividend Comparison
Neither ERNA nor GRDX has paid dividends to shareholders.
Financials
ERNA vs. GRDX - Financials Comparison
This section allows you to compare key financial metrics between Eterna Therapeutics Inc and GridAI Technologies Corp. 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
ERNA and GRDX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERNA has higher volatility (26.61%) compared to GRDX (25.84%). In terms of maximum drawdown, ERNA dropped -100.00% vs GRDX's -100.00%.
GRDX currently has the higher Sharpe Ratio (1.42 vs -0.58), 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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