INO vs. QTEX

Last updated Jun 4, 2026

INO (Inovio Pharmaceuticals, Inc.) and QTEX (QTREX Quantum Ltd.) are both stocks. INO operates in Biotechnology (Healthcare), while QTEX operates in Computer Hardware (Technology). Over the past 3 years, INO returned -45.25%/yr vs 18.62%/yr for QTEX. At a 0.17 correlation, their price movements are largely independent.

Performance

INO vs. QTEX - Performance Comparison

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

Returns By Period

In the year-to-date period, INO achieves a -34.48% return, which is significantly lower than QTEX's 157.78% return.

INO

• 1D: -5.79%
• 1M: -0.00%
• YTD: -34.48%
• 6M: -43.56%
• 1Y: -46.23%
• 3Y*: -45.25%
• 5Y*: -58.74%
• 10Y*: -37.87%

QTEX

• 1D: -24.68%
• 1M: 395.73%
• YTD: 157.78%
• 6M: 101.74%
• 1Y: 272.39%
• 3Y*: 18.62%
• 5Y*: —
• 10Y*: —

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

INO vs. QTEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
INO Inovio Pharmaceuticals, Inc.	-34.48%	-4.92%	-70.10%	-67.31%	-68.74%	-36.59%
QTEX QTREX Quantum Ltd.	157.78%	-11.76%	-3.77%	-17.83%	-68.99%	-12.42%

Correlation

The correlation between INO and QTEX is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.17

Return for Risk

INO vs. QTEX — Risk / Return Rank

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

INO

INO Risk / Return Rank: 19
INO Sharpe Ratio Rank: 18
INO Sortino Ratio Rank: 24
INO Omega Ratio Rank: 23
INO Calmar Ratio Rank: 14
INO Martin Ratio Rank: 13

QTEX

QTEX Risk / Return Rank: 86
QTEX Sharpe Ratio Rank: 77
QTEX Sortino Ratio Rank: 96
QTEX Omega Ratio Rank: 93
QTEX Calmar Ratio Rank: 84
QTEX Martin Ratio Rank: 79

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. QTEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inovio Pharmaceuticals, Inc. (INO) and QTREX Quantum Ltd. (QTEX). 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.

	INO	QTEX	Difference
Sharpe ratio Return per unit of total volatility	-0.53	1.30	-1.82
Sortino ratio Return per unit of downside risk	-0.27	4.36	-4.63
Omega ratio Gain probability vs. loss probability	0.96	1.52	-0.56
Calmar ratio Return relative to maximum drawdown	-0.73	3.49	-4.22
Martin ratio Return relative to average drawdown	-1.25	6.49	-7.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INO vs. QTEX - Sharpe Ratio Comparison

The current INO Sharpe Ratio is -0.53, which is lower than the QTEX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of INO and QTEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INO	QTEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.53	1.30	-1.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.18	-0.07	-0.11

Drawdowns

INO vs. QTEX - Drawdown Comparison

The maximum INO drawdown since its inception was -99.95%, roughly equal to the maximum QTEX drawdown of -96.84%. Use the drawdown chart below to compare losses from any high point for INO and QTEX.

Drawdown Indicators

	INO	QTEX	Difference
Max Drawdown Largest peak-to-trough decline	-99.95%	-96.84%	-3.11%
Max Drawdown (1Y) Largest decline over 1 year	-63.41%	-80.33%	+16.92%
Max Drawdown (3Y) Largest decline over 3 years	-92.44%	-86.94%	-5.50%
Max Drawdown (5Y) Largest decline over 5 years	-99.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.72%	—	—
Current Drawdown Current decline from peak	-99.95%	-75.81%	-24.14%
Average Drawdown Average peak-to-trough decline	-92.35%	-81.96%	-10.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.06%	43.15%	-6.09%

Volatility

INO vs. QTEX - Volatility Comparison

The current volatility for Inovio Pharmaceuticals, Inc. (INO) is 23.06%, while QTREX Quantum Ltd. (QTEX) has a volatility of 129.04%. This indicates that INO experiences smaller price fluctuations and is considered to be less risky than QTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INO	QTEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.06%	129.04%	-105.98%
Volatility (6M) Calculated over the trailing 6-month period	66.11%	142.62%	-76.51%
Volatility (1Y) Calculated over the trailing 1-year period	88.27%	211.24%	-122.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.08%	195.29%	-109.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.38%	195.29%	-101.91%

Dividends

INO vs. QTEX - Dividend Comparison

Neither INO nor QTEX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both INO and QTEX in my portfolio?

INO and QTEX have a correlation of 0.09, 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 QTEX?

QTEX has higher volatility (129.04%) compared to INO (23.06%). In terms of maximum drawdown, INO dropped -99.95% vs QTEX's -96.84%.

Which has better risk-adjusted returns?

QTEX currently has the higher Sharpe Ratio (1.30 vs -0.53), 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.