GRDX vs. ERNA
GRDX (GridAI Technologies Corp) and ERNA (Eterna Therapeutics Inc) are both stocks. Both operate in the Biotechnology industry within the Healthcare sector. Over the past 5 years, GRDX returned -86.33%/yr vs -85.57%/yr for ERNA. At a 0.11 correlation, their price movements are largely independent.
Performance
GRDX vs. ERNA - Performance Comparison
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Returns By Period
In the year-to-date period, GRDX achieves a -3.43% return, which is significantly higher than ERNA's -79.80% return.
GRDX
- 1D
- 8.17%
- 1M
- -14.61%
- 6M
- -3.64%
- YTD
- -3.43%
- 1Y
- 206.12%
- 3Y*
- -62.99%
- 5Y*
- -86.33%
- 10Y*
- —
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 vs. ERNA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRDX GridAI Technologies Corp | -3.43% | 149.73% | -85.19% | -96.57% | -97.98% | -85.10% | -6.73% | -14.05% | -66.73% | -23.27% |
ERNA Eterna Therapeutics Inc | -79.80% | -72.79% | -83.62% | -44.25% | -96.14% | -6.92% | 1.82% | 12.82% | -53.68% | -50.47% |
Correlation
The correlation between GRDX and ERNA 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 GRDX and ERNA shifts across timeframes, from 0.05 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
GRDX:
$15.13M
ERNA:
$1.90M
GRDX:
-$4.01
ERNA:
-$23.80
GRDX:
0.35
ERNA:
0.70
GRDX:
$36.25K
ERNA:
$0.00
GRDX:
$0.00
ERNA:
-$69.00K
GRDX:
-$7.19M
ERNA:
-$11.25M
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Return for Risk
GRDX vs. ERNA — Risk / Return Rank
GRDX
ERNA
GRDX vs. ERNA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GridAI Technologies Corp (GRDX) and Eterna Therapeutics Inc (ERNA). 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.
| GRDX | ERNA | 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 | 1.30 | 0.87 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | -0.94 | +4.19 |
| Martin ratioReturn relative to average drawdown | 5.40 | -1.38 | +6.77 |
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Drawdowns
GRDX vs. ERNA - Drawdown Comparison
The maximum GRDX drawdown since its inception was -100.00%, roughly equal to the maximum ERNA drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GRDX and ERNA.
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Drawdown Indicators
| GRDX | ERNA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -100.00% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -64.39% | -93.32% | +28.93% |
Max Drawdown (3Y)Largest decline over 3 years | -98.75% | -99.67% | +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 | -79.99% | -86.18% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.73% | 63.64% | -24.91% |
Volatility
GRDX vs. ERNA - Volatility Comparison
GridAI Technologies Corp (GRDX) and Eterna Therapeutics Inc (ERNA) have volatilities of 25.84% and 26.61%, 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
| GRDX | ERNA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.84% | 26.61% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 83.06% | 130.04% | -46.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 148.36% | 151.77% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.53% | 114.08% | +26.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 118.42% | 149.04% | -30.62% |
Dividends
GRDX vs. ERNA - Dividend Comparison
Neither GRDX nor ERNA has paid dividends to shareholders.
Financials
GRDX vs. ERNA - Financials Comparison
This section allows you to compare key financial metrics between GridAI Technologies Corp and Eterna Therapeutics 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
Frequently Asked Questions
GRDX and ERNA 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, GRDX dropped -100.00% vs ERNA'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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