KOPN vs. ASA

Last updated Aug 1, 2026

KOPN (Kopin Corporation) and ASA (ASA Gold and Precious Metals Limited) are both stocks. KOPN operates in Electronic Components (Technology), while ASA operates in Asset Management (Financial Services). Over the past 10 years, KOPN returned 5.61%/yr vs 11.69%/yr for ASA. Their 0.09 correlation means their historical movements had little consistent relationship.

Performance

KOPN vs. ASA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kopin Corporation (KOPN) and ASA Gold and Precious Metals Limited (ASA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KOPN achieves a 50.43% return, which is significantly higher than ASA's -17.95% return. Over the past 10 years, KOPN has underperformed ASA with an annualized return of 5.61%, while ASA has yielded a comparatively higher 11.69% annualized return.

KOPN

• 1D: -1.54%
• 1M: -9.74%
• 6M: 38.04%
• YTD: 50.43%
• 1Y: 102.30%
• 3Y*: 22.39%
• 5Y*: -12.18%
• 10Y*: 5.61%
• ALL TIME*: 1.00%

ASA

• 1D: -3.72%
• 1M: -10.19%
• 6M: -24.14%
• YTD: -17.95%
• 1Y: 57.88%
• 3Y*: 48.40%
• 5Y*: 17.39%
• 10Y*: 11.69%
• ALL TIME*: 5.46%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASA ASA Gold and Precious Metals Limited	$2.82M	$3.11M	$5.38M
KOPN Kopin Corporation	$14.58M	$15.80M	$37.94M

KOPN vs. ASA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KOPN Kopin Corporation	50.43%	72.06%	-33.00%	63.71%	-69.68%	68.31%	505.83%	-59.85%	-68.78%	12.68%
ASA ASA Gold and Precious Metals Limited	-17.95%	195.60%	34.55%	5.38%	-32.06%	-3.48%	60.65%	44.35%	-16.18%	2.89%

Correlation

The correlation between KOPN and ASA is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.17
Correlation (5Y) Shows whether the relationship held over a longer period.	0.15
Correlation (10Y) Provides a long-term view across more market conditions.	0.12
Correlation (All Time) Calculated using the full available price history since Apr 15, 1992	0.09

Over the past year, KOPN and ASA have become more correlated (0.30) than their long-term average of 0.09, meaning their price movements have been converging.

Fundamentals

Market Cap KOPN : $652.26M ASA : $919.29M
EPS KOPN : -$0.04 ASA : $57.83
PS Ratio KOPN : 13.08 ASA : 3.32
Total Revenue (TTM) KOPN : $45.60M ASA : $275.38M
Gross Profit (TTM) KOPN : $11.88M ASA : $265.51M
EBITDA (TTM) KOPN : -$5.14M ASA : $951.42M

Return for Risk

KOPN vs. ASA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KOPN

KOPN Risk / Return Rank: 74
KOPN Sharpe Ratio Rank: 74
KOPN Sortino Ratio Rank: 77
KOPN Omega Ratio Rank: 73
KOPN Calmar Ratio Rank: 76
KOPN Martin Ratio Rank: 72

ASA

ASA Risk / Return Rank: 74
ASA Sharpe Ratio Rank: 79
ASA Sortino Ratio Rank: 73
ASA Omega Ratio Rank: 73
ASA Calmar Ratio Rank: 73
ASA Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KOPN vs. ASA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kopin Corporation (KOPN) and ASA Gold and Precious Metals Limited (ASA). 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.

	KOPN	ASA	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.17	-0.21
Sortino ratio: Return per unit of downside risk	1.87	1.62	+0.25
Omega ratio: Gain probability vs. loss probability	1.21	1.21	0.00
Calmar ratio: Return relative to maximum drawdown	1.74	1.44	+0.31
Martin ratio: Return relative to average drawdown	3.15	3.24	-0.08

KOPN vs. ASA - Sharpe Ratio Comparison

The current KOPN Sharpe Ratio is 0.96, which is comparable to the ASA Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of KOPN and ASA, 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

KOPN vs. ASA - Drawdown Comparison

The maximum KOPN drawdown since its inception was -99.57%, which is greater than ASA's maximum drawdown of -80.36%. Use the drawdown chart below to compare losses from any high point for KOPN and ASA.

Drawdown Indicators

	KOPN	ASA	Difference
Max Drawdown Largest peak-to-trough decline	-99.57%	-80.36%	-19.21%
Max Drawdown (1Y) Largest decline over 1 year	-55.73%	-40.80%	-14.93%
Max Drawdown (3Y) Largest decline over 3 years	-78.27%	-40.80%	-37.47%
Max Drawdown (5Y) Largest decline over 5 years	-91.19%	-48.43%	-42.76%
Max Drawdown (10Y) Largest decline over 10 years	-95.58%	-51.66%	-43.92%
Current Drawdown Current decline from peak	-92.83%	-39.77%	-53.06%
Average Drawdown Average peak-to-trough decline	-78.07%	-42.51%	-35.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.76%	18.06%	+12.70%

Volatility

KOPN vs. ASA - Volatility Comparison

Kopin Corporation (KOPN) has a higher volatility of 33.65% compared to ASA Gold and Precious Metals Limited (ASA) at 12.61%. This indicates that KOPN's price experiences larger fluctuations and is considered to be riskier than ASA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KOPN	ASA	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.65%	12.61%	+21.04%
Volatility (6M) Calculated over the trailing 6-month period	75.02%	40.75%	+34.27%
Volatility (1Y) Calculated over the trailing 1-year period	101.16%	50.19%	+50.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.52%	35.93%	+54.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.47%	35.56%	+52.91%

Dividends

KOPN vs. ASA - Dividend Comparison

KOPN has not paid dividends to shareholders, while ASA's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASA ASA Gold and Precious Metals Limited	0.14%	0.10%	0.20%	0.13%	0.14%	0.09%	0.09%	0.15%	0.32%	0.35%	0.36%	0.56%
KOPN Kopin Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both KOPN and ASA in my portfolio?

KOPN and ASA have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KOPN or ASA?

KOPN has higher volatility (33.65%) compared to ASA (12.61%). In terms of maximum drawdown, KOPN dropped -99.57% vs ASA's -80.36%.

Which has better risk-adjusted returns?

ASA currently has the higher Sharpe Ratio (1.17 vs 0.96), 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.