INO vs. BORR

Last updated Jun 23, 2026

INO (Inovio Pharmaceuticals, Inc.) and BORR (Borr Drilling Ltd) are both stocks. INO operates in Biotechnology (Healthcare), while BORR operates in Oil & Gas Drilling (Energy). Over the past 5 years, INO returned -59.69%/yr vs 21.51%/yr for BORR. At a 0.12 correlation, their price movements are largely independent.

Performance

INO vs. BORR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inovio Pharmaceuticals, Inc. (INO) and Borr Drilling Ltd (BORR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INO achieves a -36.21% return, which is significantly lower than BORR's 7.69% return.

INO

• 1D: -0.45%
• 1M: -17.78%
• YTD: -36.21%
• 6M: -50.67%
• 1Y: -43.37%
• 3Y*: -40.23%
• 5Y*: -59.69%
• 10Y*: -36.85%

BORR

• 1D: 2.84%
• 1M: -21.38%
• YTD: 7.69%
• 6M: 8.77%
• 1Y: 108.65%
• 3Y*: -10.35%
• 5Y*: 21.51%
• 10Y*: —

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

INO vs. BORR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
INO Inovio Pharmaceuticals, Inc.	-36.21%	-4.92%	-70.10%	-67.31%	-68.74%	-43.62%	168.18%	-17.50%	-16.84%
BORR Borr Drilling Ltd	7.69%	4.15%	-44.49%	48.09%	141.26%	26.50%	-91.00%	-26.12%	-54.21%

Correlation

The correlation between INO and BORR is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since May 22, 2018	0.12

Fundamentals

Market Cap INO : $767.03M BORR : $1.34B
EPS INO : -$63.15 BORR : $0.12
PB Ratio INO : 0.13 BORR : 1.12
Total Revenue (TTM) INO : $0.00 BORR : $1.05B
Gross Profit (TTM) INO : -$1.50M BORR : $483.30M
EBITDA (TTM) INO : -$22.01B BORR : $417.40M

Return for Risk

INO vs. BORR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INO

INO Risk / Return Rank: 21
INO Sharpe Ratio Rank: 20
INO Sortino Ratio Rank: 27
INO Omega Ratio Rank: 25
INO Calmar Ratio Rank: 17
INO Martin Ratio Rank: 18

BORR

BORR Risk / Return Rank: 84
BORR Sharpe Ratio Rank: 86
BORR Sortino Ratio Rank: 82
BORR Omega Ratio Rank: 79
BORR Calmar Ratio Rank: 83
BORR Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INO vs. BORR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inovio Pharmaceuticals, Inc. (INO) and Borr Drilling Ltd (BORR). 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.

	INO	BORR	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	1.79	-2.28
Sortino ratio: Return per unit of downside risk	-0.20	2.39	-2.59
Omega ratio: Gain probability vs. loss probability	0.97	1.29	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.69	3.02	-3.71
Martin ratio: Return relative to average drawdown	-1.11	10.03	-11.13

INO vs. BORR - Sharpe Ratio Comparison

The current INO Sharpe Ratio is -0.50, which is lower than the BORR Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of INO and BORR, 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

INO vs. BORR - Drawdown Comparison

The maximum INO drawdown since its inception was -99.95%, roughly equal to the maximum BORR drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for INO and BORR.

Drawdown Indicators

	INO	BORR	Difference
Max Drawdown Largest peak-to-trough decline	-99.95%	-99.07%	-0.88%
Max Drawdown (1Y) Largest decline over 1 year	-63.41%	-36.16%	-27.25%
Max Drawdown (3Y) Largest decline over 3 years	-92.44%	-80.90%	-11.54%
Max Drawdown (5Y) Largest decline over 5 years	-99.10%	-80.90%	-18.20%
Max Drawdown (10Y) Largest decline over 10 years	-99.72%	—	—
Current Drawdown Current decline from peak	-99.95%	-91.43%	-8.52%
Average Drawdown Average peak-to-trough decline	-92.35%	-88.79%	-3.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.27%	10.94%	+28.33%

Volatility

INO vs. BORR - Volatility Comparison

Inovio Pharmaceuticals, Inc. (INO) and Borr Drilling Ltd (BORR) have volatilities of 16.85% and 16.54%, 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

	INO	BORR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.85%	16.54%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	64.19%	36.95%	+27.24%
Volatility (1Y) Calculated over the trailing 1-year period	87.98%	61.19%	+26.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.67%	72.26%	+13.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.33%	118.52%	-25.19%

Dividends

INO vs. BORR - Dividend Comparison

Neither INO nor BORR has paid dividends to shareholders.

Position	TTM	2025	2024
BORR Borr Drilling Ltd	0.00%	0.50%	7.69%
INO Inovio Pharmaceuticals, Inc.	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both INO and BORR in my portfolio?

INO and BORR have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INO or BORR?

INO has higher volatility (16.85%) compared to BORR (16.54%). In terms of maximum drawdown, INO dropped -99.95% vs BORR's -99.07%.

Which has better risk-adjusted returns?

BORR currently has the higher Sharpe Ratio (1.79 vs -0.50), 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.