INOD vs. ARIS
INOD (Innodata Inc.) and ARIS (Aris Water Solutions, Inc.) are both stocks. INOD operates in Information Technology Services (Technology), while ARIS operates in Utilities - Regulated Water (Utilities). Over the past 3 years, INOD returned 83.68%/yr vs 82.13%/yr for ARIS. At a 0.17 correlation, their price movements are largely independent.
Performance
INOD vs. ARIS - Performance Comparison
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Returns By Period
In the year-to-date period, INOD achieves a 33.07% return, which is significantly higher than ARIS's -10.29% return.
INOD
- 1D
- -1.99%
- 1M
- -35.65%
- 6M
- 4.36%
- YTD
- 33.07%
- 1Y
- 36.38%
- 3Y*
- 83.68%
- 5Y*
- 57.80%
- 10Y*
- 40.27%
ARIS
- 1D
- -1.29%
- 1M
- -3.58%
- 6M
- -12.61%
- YTD
- -10.29%
- 1Y
- 106.52%
- 3Y*
- 82.13%
- 5Y*
- —
- 10Y*
- —
INOD vs. ARIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INOD Innodata Inc. | 33.07% | 28.92% | 385.50% | 174.54% | -49.92% | -44.05% |
ARIS Aris Water Solutions, Inc. | -10.29% | 363.71% | 6.54% | 31.93% | -39.60% | 1.33% |
Correlation
The correlation between INOD and ARIS 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 | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021 | 0.17 |
Fundamentals
INOD:
$2.21B
ARIS:
$3.01B
INOD:
$1.11
ARIS:
$0.85
INOD:
61.15
ARIS:
17.19
INOD:
0.02
ARIS:
0.34
INOD:
8.48
ARIS:
2.61
INOD:
18.82
ARIS:
1.94
INOD:
$283.42M
ARIS:
$1.14B
INOD:
$76.88M
ARIS:
$612.94M
INOD:
$37.35M
ARIS:
$432.53M
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Return for Risk
INOD vs. ARIS — Risk / Return Rank
INOD
ARIS
INOD vs. ARIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innodata Inc. (INOD) and Aris Water Solutions, Inc. (ARIS). 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.
| INOD | ARIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 3.71 | -3.26 |
| Martin ratioReturn relative to average drawdown | 0.80 | 10.23 | -9.43 |
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Drawdowns
INOD vs. ARIS - Drawdown Comparison
The maximum INOD drawdown since its inception was -95.47%, which is greater than ARIS's maximum drawdown of -57.98%. Use the drawdown chart below to compare losses from any high point for INOD and ARIS.
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Drawdown Indicators
| INOD | ARIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.47% | -57.98% | -37.49% |
Max Drawdown (1Y)Largest decline over 1 year | -63.03% | -35.29% | -27.74% |
Max Drawdown (3Y)Largest decline over 3 years | -63.03% | -35.29% | -27.74% |
Max Drawdown (5Y)Largest decline over 5 years | -74.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.44% | — | — |
Current DrawdownCurrent decline from peak | -44.20% | -32.75% | -11.45% |
Average DrawdownAverage peak-to-trough decline | -60.01% | -22.75% | -37.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.06% | 12.01% | +24.05% |
Volatility
INOD vs. ARIS - Volatility Comparison
Innodata Inc. (INOD) and Aris Water Solutions, Inc. (ARIS) have volatilities of 21.43% and 21.89%, 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
| INOD | ARIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.43% | 21.89% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 89.38% | 47.67% | +41.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 121.48% | 61.12% | +60.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.08% | 53.45% | +53.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.58% | 53.45% | +36.13% |
Dividends
INOD vs. ARIS - Dividend Comparison
Neither INOD nor ARIS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 3.84% | 0.85% |
INOD Innodata Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
INOD vs. ARIS - Financials Comparison
This section allows you to compare key financial metrics between Innodata Inc. and Aris Water Solutions, 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
INOD vs. ARIS - Profitability Comparison
INOD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Innodata Inc. reported a gross profit of 0.00 and revenue of 90.10M. Therefore, the gross margin over that period was 0.0%.
ARIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a gross profit of 217.03M and revenue of 372.48M. Therefore, the gross margin over that period was 58.3%.
INOD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Innodata Inc. reported an operating income of 0.00 and revenue of 90.10M, resulting in an operating margin of 0.0%.
ARIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported an operating income of 179.05M and revenue of 372.48M, resulting in an operating margin of 48.1%.
INOD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Innodata Inc. reported a net income of 14.90M and revenue of 90.10M, resulting in a net margin of 16.5%.
ARIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a net income of 97.61M and revenue of 372.48M, resulting in a net margin of 26.2%.
Frequently Asked Questions
INOD and ARIS 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.
ARIS has higher volatility (21.89%) compared to INOD (21.43%). In terms of maximum drawdown, INOD dropped -95.47% vs ARIS's -57.98%.
ARIS currently has the higher Sharpe Ratio (2.14 vs 0.24), 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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