INDI vs. NNOX
INDI (indie Semiconductor, Inc.) and NNOX (Nano-X Imaging Ltd.) are both stocks. INDI operates in Semiconductor Equipment & Materials (Technology), while NNOX operates in Medical Devices (Healthcare). Over the past 5 years, INDI returned -17.94%/yr vs -48.98%/yr for NNOX. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
INDI vs. NNOX - Performance Comparison
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Returns By Period
In the year-to-date period, INDI achieves a -8.50% return, which is significantly higher than NNOX's -65.00% return.
INDI
- 1D
- 2.22%
- 1M
- -25.40%
- 6M
- -21.22%
- YTD
- -8.50%
- 1Y
- -13.64%
- 3Y*
- -29.68%
- 5Y*
- -17.94%
- 10Y*
- —
- ALL TIME*
- -21.08%
NNOX
- 1D
- 1.54%
- 1M
- -24.62%
- 6M
- -64.11%
- YTD
- -65.00%
- 1Y
- -78.70%
- 3Y*
- -56.74%
- 5Y*
- -48.98%
- 10Y*
- —
- ALL TIME*
- -39.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.18M | $19.14M | $24.40M | |
| $829.12K | $1.22M | $2.73M |
INDI vs. NNOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INDI indie Semiconductor, Inc. | -8.50% | -12.84% | -50.06% | 39.11% | -51.38% | 10.00% |
NNOX Nano-X Imaging Ltd. | -65.00% | -61.11% | 13.03% | -13.69% | -49.24% | -51.08% |
Correlation
The correlation between INDI and NNOX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2021 | 0.38 |
The correlation between INDI and NNOX shifts across timeframes, from 0.24 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
INDI:
$682.46M
NNOX:
$68.20M
INDI:
-$0.00
NNOX:
-$1.13
INDI:
982.92
NNOX:
4.52
INDI:
1.85K
NNOX:
0.54
INDI:
$218.77M
NNOX:
$14.52M
INDI:
$26.51M
NNOX:
-$12.44M
INDI:
-$112.16M
NNOX:
-$52.65M
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Return for Risk
INDI vs. NNOX — Risk / Return Rank
INDI
NNOX
INDI vs. NNOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for indie Semiconductor, Inc. (INDI) and Nano-X Imaging Ltd. (NNOX). 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.
| INDI | NNOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.79 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.97 | +0.67 |
| Martin ratioReturn relative to average drawdown | -0.53 | -1.66 | +1.13 |
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Drawdowns
INDI vs. NNOX - Drawdown Comparison
The maximum INDI drawdown since its inception was -89.91%, smaller than the maximum NNOX drawdown of -99.02%. Use the drawdown chart below to compare losses from any high point for INDI and NNOX.
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Drawdown Indicators
| INDI | NNOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.91% | -99.02% | +9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -59.33% | -82.06% | +22.73% |
Max Drawdown (3Y)Largest decline over 3 years | -81.80% | -93.23% | +11.43% |
Max Drawdown (5Y)Largest decline over 5 years | -89.91% | -97.09% | +7.18% |
Current DrawdownCurrent decline from peak | -79.62% | -98.90% | +19.28% |
Average DrawdownAverage peak-to-trough decline | -57.30% | -82.99% | +25.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.87% | 47.56% | -14.69% |
Volatility
INDI vs. NNOX - Volatility Comparison
indie Semiconductor, Inc. (INDI) has a higher volatility of 23.88% compared to Nano-X Imaging Ltd. (NNOX) at 22.64%. This indicates that INDI's price experiences larger fluctuations and is considered to be riskier than NNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDI | NNOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.88% | 22.64% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 62.96% | 85.36% | -22.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.51% | 93.40% | -10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.06% | 92.79% | -12.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.86% | 102.50% | -22.64% |
Dividends
INDI vs. NNOX - Dividend Comparison
Neither INDI nor NNOX has paid dividends to shareholders.
Financials
INDI vs. NNOX - Financials Comparison
This section allows you to compare key financial metrics between indie Semiconductor, Inc. and Nano-X Imaging Ltd.. 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
INDI and NNOX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDI has higher volatility (23.88%) compared to NNOX (22.64%). In terms of maximum drawdown, INDI dropped -89.91% vs NNOX's -99.02%.
INDI currently has the higher Sharpe Ratio (-0.21 vs -0.85), 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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