IRTC vs. LQDA
IRTC (iRhythm Technologies, Inc.) and LQDA (Liquidia Corporation) are both stocks. Both are in the Healthcare sector — IRTC in Medical Devices, LQDA in Biotechnology. Over the past 5 years, IRTC returned 10.99%/yr vs 80.96%/yr for LQDA. At a 0.19 correlation, their price movements are largely independent.
Performance
IRTC vs. LQDA - Performance Comparison
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Returns By Period
In the year-to-date period, IRTC achieves a -41.07% return, which is significantly lower than LQDA's 61.47% return.
IRTC
- 1D
- -0.89%
- 1M
- -12.27%
- YTD
- -41.07%
- 6M
- -42.88%
- 1Y
- -27.88%
- 3Y*
- -0.35%
- 5Y*
- 10.99%
- 10Y*
- —
LQDA
- 1D
- 1.05%
- 1M
- 44.72%
- YTD
- 61.47%
- 6M
- 65.06%
- 1Y
- 236.90%
- 3Y*
- 84.34%
- 5Y*
- 80.96%
- 10Y*
- —
IRTC vs. LQDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IRTC iRhythm Technologies, Inc. | -41.07% | 96.78% | -15.76% | 14.27% | -20.41% | -50.39% | 248.38% | -2.00% | -9.71% |
LQDA Liquidia Corporation | 61.47% | 193.28% | -2.24% | 88.85% | 30.80% | 65.08% | -30.99% | -80.26% | 95.14% |
Correlation
The correlation between IRTC and LQDA is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.19 |
Fundamentals
IRTC:
$3.40B
LQDA:
$5.63B
IRTC:
-$0.85
LQDA:
$0.24
IRTC:
4.31
LQDA:
18.03
IRTC:
21.08
LQDA:
51.86
IRTC:
$787.85M
LQDA:
$288.07M
IRTC:
$559.39M
LQDA:
$275.77M
IRTC:
-$3.10M
LQDA:
$51.53M
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Return for Risk
IRTC vs. LQDA — Risk / Return Rank
IRTC
LQDA
IRTC vs. LQDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iRhythm Technologies, Inc. (IRTC) and Liquidia Corporation (LQDA). 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.
| IRTC | LQDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.22 | ||
| Sortino ratioReturn per unit of downside risk | -4.45 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.45 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 6.69 | -7.31 |
| Martin ratioReturn relative to average drawdown | -1.33 | 14.83 | -16.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IRTC | LQDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 3.55 | -4.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 1.11 | -0.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.27 | -0.01 |
Drawdowns
IRTC vs. LQDA - Drawdown Comparison
The maximum IRTC drawdown since its inception was -84.39%, smaller than the maximum LQDA drawdown of -93.87%. Use the drawdown chart below to compare losses from any high point for IRTC and LQDA.
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Drawdown Indicators
| IRTC | LQDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.39% | -93.87% | +9.48% |
Max Drawdown (1Y)Largest decline over 1 year | -44.75% | -35.66% | -9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -53.83% | -46.80% | -7.03% |
Max Drawdown (5Y)Largest decline over 5 years | -66.03% | -55.36% | -10.67% |
Current DrawdownCurrent decline from peak | -61.05% | -10.22% | -50.83% |
Average DrawdownAverage peak-to-trough decline | -37.05% | -69.76% | +32.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.99% | 16.05% | +4.94% |
Volatility
IRTC vs. LQDA - Volatility Comparison
The current volatility for iRhythm Technologies, Inc. (IRTC) is 12.21%, while Liquidia Corporation (LQDA) has a volatility of 26.78%. This indicates that IRTC experiences smaller price fluctuations and is considered to be less risky than LQDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRTC | LQDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 26.78% | -14.57% |
Volatility (6M)Calculated over the trailing 6-month period | 31.41% | 47.56% | -16.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.43% | 67.16% | -24.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.40% | 73.46% | -10.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.78% | 85.70% | -23.92% |
Dividends
IRTC vs. LQDA - Dividend Comparison
Neither IRTC nor LQDA has paid dividends to shareholders.
Financials
IRTC vs. LQDA - Financials Comparison
This section allows you to compare key financial metrics between iRhythm Technologies, Inc. and Liquidia Corporation. 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
IRTC vs. LQDA - Profitability Comparison
IRTC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, iRhythm Technologies, Inc. reported a gross profit of 141.35M and revenue of 199.39M. Therefore, the gross margin over that period was 70.9%.
LQDA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Liquidia Corporation reported a gross profit of 132.09M and revenue of 132.87M. Therefore, the gross margin over that period was 99.4%.
IRTC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, iRhythm Technologies, Inc. reported an operating income of -16.19M and revenue of 199.39M, resulting in an operating margin of -8.1%.
LQDA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Liquidia Corporation reported an operating income of 61.50M and revenue of 132.87M, resulting in an operating margin of 46.3%.
IRTC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, iRhythm Technologies, Inc. reported a net income of -13.93M and revenue of 199.39M, resulting in a net margin of -7.0%.
LQDA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Liquidia Corporation reported a net income of 52.86M and revenue of 132.87M, resulting in a net margin of 39.8%.
Frequently Asked Questions
IRTC and LQDA have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQDA has higher volatility (26.78%) compared to IRTC (12.21%). In terms of maximum drawdown, IRTC dropped -84.39% vs LQDA's -93.87%.
LQDA currently has the higher Sharpe Ratio (3.55 vs -0.66), 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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