ETON vs. ACET

Last updated Aug 1, 2026

ETON (Eton Pharmaceuticals Inc) and ACET (Adicet Bio, Inc.) are both stocks. Both are in the Healthcare sector — ETON in Drug Manufacturers - Specialty & Generic, ACET in Biotechnology. Over the past 5 years, ETON returned 55.29%/yr vs -40.13%/yr for ACET. Their 0.17 correlation means their historical movements had little consistent relationship.

Performance

ETON vs. ACET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eton Pharmaceuticals Inc (ETON) and Adicet Bio, Inc. (ACET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETON achieves a 174.51% return, which is significantly higher than ACET's 8.19% return.

ETON

• 1D: -5.32%
• 1M: 23.79%
• 6M: 209.26%
• YTD: 174.51%
• 1Y: 228.52%
• 3Y*: 154.38%
• 5Y*: 55.29%
• 10Y*: —
• ALL TIME*: 29.32%

ACET

• 1D: 0.55%
• 1M: 1.22%
• 6M: 14.02%
• YTD: 8.19%
• 1Y: -15.09%
• 3Y*: -39.17%
• 5Y*: -40.13%
• 10Y*: —
• ALL TIME*: -47.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACET Adicet Bio, Inc.	$756.90K	$791.48K	$803.23K
ETON Eton Pharmaceuticals Inc	$26.85M	$22.65M	$16.80M

ETON vs. ACET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ETON Eton Pharmaceuticals Inc	174.51%	26.95%	204.11%	55.32%	-34.27%	-47.23%	12.92%	17.65%	-4.23%
ACET Adicet Bio, Inc.	8.19%	-45.30%	-49.10%	-78.86%	-48.89%	24.48%	34.71%	-82.71%	-23.72%

Correlation

The correlation between ETON and ACET is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (3Y) Balances recent behavior with more history.	0.13
Correlation (5Y) Shows whether the relationship held over a longer period.	0.18
Correlation (All Time) Calculated using the full available price history since Nov 13, 2018	0.17

Fundamentals

Market Cap ETON : $1.27B ACET : $85.16M
EPS ETON : -$0.05 ACET : -$14.00
PB Ratio ETON : 47.83 ACET : 0.70
Total Revenue (TTM) ETON : $86.93M ACET : $0.00
Gross Profit (TTM) ETON : $47.61M ACET : -$1.47M
EBITDA (TTM) ETON : $5.70M ACET : -$110.77M

Return for Risk

ETON vs. ACET — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ETON

ETON Risk / Return Rank: 97
ETON Sharpe Ratio Rank: 99
ETON Sortino Ratio Rank: 97
ETON Omega Ratio Rank: 97
ETON Calmar Ratio Rank: 97
ETON Martin Ratio Rank: 94

ACET

ACET Risk / Return Rank: 36
ACET Sharpe Ratio Rank: 34
ACET Sortino Ratio Rank: 38
ACET Omega Ratio Rank: 37
ACET Calmar Ratio Rank: 36
ACET Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ETON vs. ACET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eton Pharmaceuticals Inc (ETON) and Adicet Bio, Inc. (ACET). 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.

	ETON	ACET	Difference
Sharpe ratio: Return per unit of total volatility	4.12	-0.23	+4.34
Sortino ratio: Return per unit of downside risk	4.20	0.18	+4.02
Omega ratio: Gain probability vs. loss probability	1.55	1.02	+0.53
Calmar ratio: Return relative to maximum drawdown	6.34	-0.27	+6.61
Martin ratio: Return relative to average drawdown	13.13	-0.38	+13.51

ETON vs. ACET - Sharpe Ratio Comparison

The current ETON Sharpe Ratio is 4.12, which is higher than the ACET Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of ETON and ACET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETON vs. ACET - Drawdown Comparison

The maximum ETON drawdown since its inception was -79.94%, smaller than the maximum ACET drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for ETON and ACET.

Drawdown Indicators

	ETON	ACET	Difference
Max Drawdown Largest peak-to-trough decline	-79.94%	-99.74%	+19.80%
Max Drawdown (1Y) Largest decline over 1 year	-36.17%	-63.28%	+27.11%
Max Drawdown (3Y) Largest decline over 3 years	-45.65%	-88.93%	+43.28%
Max Drawdown (5Y) Largest decline over 5 years	-69.35%	-98.20%	+28.85%
Current Drawdown Current decline from peak	-5.32%	-99.61%	+94.29%
Average Drawdown Average peak-to-trough decline	-36.98%	-85.60%	+48.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.44%	44.58%	-27.14%

Volatility

ETON vs. ACET - Volatility Comparison

Eton Pharmaceuticals Inc (ETON) and Adicet Bio, Inc. (ACET) have volatilities of 20.28% and 19.70%, 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.

Volatility by Period

	ETON	ACET	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.28%	19.70%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	43.44%	50.19%	-6.75%
Volatility (1Y) Calculated over the trailing 1-year period	55.80%	74.88%	-19.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.59%	90.94%	-27.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.81%	93.37%	-29.56%

Dividends

ETON vs. ACET - Dividend Comparison

Neither ETON nor ACET has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ETON and ACET in my portfolio?

ETON and ACET have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETON or ACET?

ETON has higher volatility (20.28%) compared to ACET (19.70%). In terms of maximum drawdown, ETON dropped -79.94% vs ACET's -99.74%.

Which has better risk-adjusted returns?

ETON currently has the higher Sharpe Ratio (4.12 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.